Technology Sector News Buzz: Equinix (NASDAQ:EQIX), Akamai Technologies (NASDAQ:AKAM) – EQIX, AKAM, PCLN

Technology sector finished higher on Wednesday’s trading session and sector hiked +0.77%. If we consider key percentage movers of the sector so Juniper Networks, Inc (NYSE:JNPR) was major percentage decliner while major percentage gainers were Velti Plc (NASDAQ:VELT) and First Solar, Inc (NASDAQ:FSLR).

Equinix Inc (NASDAQ:EQIX) announced fiscal Q4 net income was $35.8 million, evaluated against $34.5 million in the similar period a year ago. Quarterly profit remained unchanged at $0.71 per share for both the similar periods.

EPS from continuing operations for three months period were $108.5 million, contrasted against $100.7 million in the same quarter a year earlier.

Quarterly revenues moved up 17% to $519.45 million from $443.24 million in previous year. Thomson Reuters analysts survey on average forecasted to earn $0.78 a share on $521.85 million of revenue.

Equinix Inc (NASDAQ:EQIX)’s YTD performance was recorded as +4.94% while its market capitalization was $10.56 billion. The company has P/B ratio of 4.52 while P/E ratio was booked as 81.65. The company while beta factor, which is used to measure riskiness of the security, was 1.30. Net profit margin of the company was 7.11% while its gross profit margin was 50.20%.

Akamai Technologies, Inc’s (NASDAQ:AKAM) stock hiked more than 17% in extended trading session on Wednesday after the company announced better-than-forecasted financial results for fiscal Q1.

The Cambridge, Massachusetts-based provider of content delivery and cloud infrastructure services announced fiscal Q1 net income was $71.49 million or $0.39 a share, high from $43.23 million or $0.24 a share in the similar period a year ago.

Akamai Technologies, Inc. (NASDAQ:AKAM) has market capitalization of $6.42 billion. Its current ratio was 3.59 while its shares were looking forward SMA50 with +1.19%. The company offered earnings per share of 1.12 while its 177.88 million shares were outstanding. YTD performance of the stock was -11.78%.

Another stock of the similar sector Inc (NASDAQ:PCLN) has the market capitalization of $34.95 billion. The company’s EPS was 27.68 while its 49.87 million shares were outstanding. Its institutional ownership was 96.87%. Shares of the company were moving behind of SMA50 with -0.16% while its YTD performance was +12.96%.

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