Akamai Technologies, Inc. (NASDAQ:AKAM – Get Rating) EVP Mani Sundaram sold 16,059 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $117.92, for a total transaction of $1,893,677.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:AKAM opened at $118.01 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $18.99 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.06 and a beta of 0.59. Akamai Technologies, Inc. has a 52 week low of $96.86 and a 52 week high of $122.01. The firm has a 50 day simple moving average of $112.61 and a 200 day simple moving average of $111.37.
Akamai Technologies (NASDAQ:AKAM – Get Rating) last issued its quarterly earnings results on Tuesday, February 15th. The technology infrastructure company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.12. The business had revenue of $905.36 million during the quarter, compared to the consensus estimate of $898.83 million. Akamai Technologies had a net margin of 18.83% and a return on equity of 17.37%. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, equities analysts predict that Akamai Technologies, Inc. will post 4.8 earnings per share for the current year.
Several research firms have recently issued reports on AKAM. DA Davidson decreased their price objective on shares of Akamai Technologies from $143.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, March 23rd. StockNews.com began coverage on shares of Akamai Technologies in a report on Thursday, March 31st. They issued a “buy” rating for the company. Piper Sandler cut shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $127.00 in a report on Wednesday, January 5th. William Blair restated an “outperform” rating on shares of Akamai Technologies in a report on Tuesday, February 15th. Finally, Raymond James reduced their target price on shares of Akamai Technologies from $128.00 to $118.00 and set an “outperform” rating for the company in a report on Wednesday, February 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $132.55.
About Akamai Technologies (Get Rating)
Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
- Get a free copy of the StockNews.com research report on Akamai Technologies (AKAM)
- 3 Tech Stocks to Buy for Retirement
- Poor Timing Will Put Delta Air Lines on Standby For Risk-Off Investors
- Simply Good Foods Stock is a Healthy Defensive Play
- Schlumberger Analyst Coverage Drives Market Higher
- 3 Stocks Down Big in ’22 That Are Worth Buying
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.