
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the content delivery industry, including Akamai Technologies (NASDAQ: AKAM) and its peers.
The amount of content on the internet is exploding, whether it is music, movies and or e-commerce stores. Consumer demand for this content creates network congestion, much like a digital traffic jam which drives demand for specialized content delivery networks (CDN) services that alleviate potential network bottlenecks.
The 4 content delivery stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 5.4% while next quarter’s revenue guidance was in line.
Luckily, content delivery stocks have performed well with share prices up 47.1% on average since the latest earnings results.
Weakest Q4: Akamai Technologies (NASDAQ: AKAM)
With a massive distributed network spanning 4,100+ points of presence in nearly 130 countries, Akamai Technologies (NASDAQ: AKAM) provides a global distributed cloud platform that helps businesses deliver, secure, and optimize their digital experiences online.
Akamai Technologies reported revenues of $1.09 billion, up 7.4% year on year. This print exceeded analysts’ expectations by 1.6%. Despite the top-line beat, it was still a slower quarter for the company with full-year EPS guidance missing analysts’ expectations significantly and EPS guidance for next quarter missing analysts’ expectations significantly.
“Akamai delivered strong year-end performance, with better-than-expected results on the top and bottom lines. We were particularly pleased to achieve 36% year-over-year revenue growth in Q4 across our Guardicore Segmentation and API Security products, and 45% year-over-year revenue growth for Cloud Infrastructure Services (CIS),” said Dr. Tom Leighton, Akamai’s Chief Executive Officer.

Akamai Technologies scored the highest full-year guidance raise but had the weakest performance against analyst estimates of the whole group. Still, the market seems discontent with the results. The stock is down 166% since reporting and currently trades at $107.69.
Read our full report on Akamai Technologies here, it’s free.
Best Q4: Fastly (NASDAQ: FSLY)
Taking its name from the core advantage it delivers to customers, Fastly (NYSE: FSLY) operates an edge cloud platform that processes, secures, and delivers web content as close to end users as possible, enabling faster digital experiences.
Fastly reported revenues of $172.6 million, up 22.8% year on year, outperforming analysts’ expectations by 6.9%. The business had a stunning quarter with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 166% since reporting. It currently trades at $24.73.
Is now the time to buy Fastly? Access our full analysis of the earnings results here, it’s free.
Cloudflare (NYSE: NET)
With a massive network spanning more than 310 cities in over 120 countries, Cloudflare (NYSE: NET) provides a global network that delivers security, performance and reliability services to protect websites, applications, and corporate networks.
Cloudflare reported revenues of $614.5 million, up 33.6% year on year, exceeding analysts’ expectations by 4.1%. Still, it was a mixed quarter as it posted full-year EPS guidance missing analysts’ expectations significantly.
Cloudflare delivered the fastest revenue growth but had the weakest full-year guidance update in the group. Interestingly, the stock is up 17.4% since the results and currently trades at $211.23.
Read our full analysis of Cloudflare’s results here.
F5 (NASDAQ: FFIV)
Originally named after the F5 tornado, the most powerful on the meteorological scale, F5 (NASDAQ: FFIV) provides security and delivery solutions that protect applications across cloud, data center, and edge environments for large organizations.
F5 reported revenues of $822.5 million, up 7.3% year on year. This result beat analysts’ expectations by 8.8%. Overall, it was an exceptional quarter as it also put up an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.
F5 scored the biggest analyst estimates beat but had the slowest revenue growth among its peers. The stock is up 7% since reporting and currently trades at $289.32.
Read our full, actionable report on F5 here, it’s free.
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