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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs


Akamai Technologies Inc. (AKAM)

Akamai is falling from its cloud today, down 15.20% at $35.26. The cloud infrastructure company saw shares crash after missing on revenue in its earnings. For the fourth quarter, Akamai announced that revenues increased 17% to $378 million. Although this is a good increase in revenue it missed analysts' estimates of $382 million. Akamai is trading in the middle of its 52-week range of $25.90-$42.53. In other news, the company also announced its board has authorized a $150 million extension of its share buyback program.

True Religion Apparel Inc. (TRLG)

True Religion is gaining followers today, up 22.11% at $29.00. The worldwide apparel company saw its shares explode after beating on both the top and bottom lines. True Religion announced revenue of $137.0 million beating analysts' estimates of $129.1 million. The company also beat on earnings per share, announcing an EPS of $0.55, which again beat forecasts of $0.53 per share. True Religion moved up $5.25 today, but is still well off of its 52-week high of $37.38.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.