Akamai Poised to Top Earnings Estimates as Data Center Demand Rises
AKAM•Iron Mountain reported Q1 AFFO of $1.43 per share and raised full-year guidance to $5.79-$5.86, citing Akamai as a data center leasing client and underscoring rising infrastructure demand that could boost Akamai’s network capacity. Akamai is projected to surpass earnings estimates on strong growth drivers and operational leverage.
1. Iron Mountain’s Data Center Boom
Iron Mountain reported Q1 AFFO of $1.43 per share and raised its full-year guidance to $5.79-$5.86, highlighting its AI-driven data center leasing surge that includes Akamai as a key client, signaling robust demand for network infrastructure capacity.
2. Akamai’s Earnings Projection
Akamai Technologies is projected to exceed upcoming earnings estimates, driven by its market-leading content delivery network services, growing cloud security offerings and operational leverage, positioning it for margin expansion in the current quarter.
