07:07 AM EDT, 05/09/2024 (MT Newswires) -- Akamai Technologies ( AKAM ) is due with its Q1 results after the bell today, and analysts polled by Capital IQ are expecting the company to report a profit of $1.61 per share on revenue of $989 million.

AKAM has recorded more aggressive next-day closing levels following 53 of its last 79 after-hours earnings events, or 67% of the time.

Looking deeper into performance data, longs take note that AKAM has followed extended-hours earnings reports with gains in 41 quarters, extending that move the following day 26 times, or 63% of the time.

The track record for shorts is strong as well. The stock has reacted to evening reports with declines in 38 quarters, extending downside action the following day 27 times, or 71% of the time.