Akamai Technologies (NASDAQ:AKAM – Get Rating) is scheduled to release its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Akamai Technologies to post earnings of $1.13 per share for the quarter. Akamai Technologies has set its FY22 guidance at $5.82-5.97 EPS and its Q1 guidance at $1.39-1.43 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Akamai Technologies (NASDAQ:AKAM – Get Rating) last announced its quarterly earnings data on Tuesday, February 15th. The technology infrastructure company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.12. Akamai Technologies had a return on equity of 17.37% and a net margin of 18.83%. The firm had revenue of $905.36 million during the quarter, compared to the consensus estimate of $898.83 million. During the same period in the prior year, the business earned $1.06 EPS. On average, analysts expect Akamai Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
NASDAQ:AKAM opened at $118.76 on Tuesday. The stock has a market cap of $19.11 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59. Akamai Technologies has a fifty-two week low of $96.86 and a fifty-two week high of $123.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.43 and a quick ratio of 2.43. The stock’s 50-day moving average is $113.67 and its two-hundred day moving average is $112.29.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AKAM. Vident Investment Advisory LLC boosted its position in shares of Akamai Technologies by 14.0% in the fourth quarter. Vident Investment Advisory LLC now owns 9,561 shares of the technology infrastructure company’s stock valued at $1,120,000 after acquiring an additional 1,177 shares during the period. NewEdge Advisors LLC bought a new stake in Akamai Technologies in the 4th quarter valued at $693,000. Toroso Investments LLC grew its position in Akamai Technologies by 14.4% in the 4th quarter. Toroso Investments LLC now owns 6,942 shares of the technology infrastructure company’s stock worth $812,000 after purchasing an additional 876 shares during the last quarter. Zullo Investment Group Inc. acquired a new stake in Akamai Technologies in the 4th quarter worth $124,000. Finally, California State Teachers Retirement System increased its holdings in shares of Akamai Technologies by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 286,381 shares of the technology infrastructure company’s stock worth $33,518,000 after purchasing an additional 4,474 shares during the period. 89.58% of the stock is currently owned by hedge funds and other institutional investors.
AKAM has been the topic of a number of research analyst reports. Piper Sandler boosted their price objective on shares of Akamai Technologies from $121.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 19th. StockNews.com began coverage on shares of Akamai Technologies in a report on Thursday, March 31st. They set a “buy” rating on the stock. Raymond James cut their price objective on Akamai Technologies from $128.00 to $118.00 and set an “outperform” rating for the company in a report on Wednesday, February 16th. DA Davidson lowered their target price on Akamai Technologies from $143.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, March 23rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Akamai Technologies in a research note on Tuesday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $132.45.
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)
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