Akamai Technologies (AKAM) Scheduled to Post Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Akamai Technologies to post earnings of $1.61 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.59 by $0.10. The firm had revenue of $995.00 million during the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts expect Akamai Technologies to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Akamai Technologies Price Performance

Shares of NASDAQ:AKAM opened at $101.08 on Tuesday. The stock has a market cap of $15.32 billion, a PE ratio of 28.56, a PEG ratio of 2.81 and a beta of 0.72. The company’s fifty day moving average is $106.23 and its 200 day moving average is $112.09. Akamai Technologies has a 52 week low of $78.35 and a 52 week high of $129.17. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.77.

Insider Activity

In other news, COO Adam Karon sold 8,394 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.26, for a total value of $908,734.44. Following the completion of the transaction, the chief operating officer now directly owns 21,046 shares in the company, valued at $2,278,439.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Akamai Technologies news, EVP Anthony P. Williams sold 3,510 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $112.55, for a total transaction of $395,050.50. Following the sale, the executive vice president now directly owns 4,299 shares of the company’s stock, valued at $483,852.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Adam Karon sold 8,394 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.26, for a total transaction of $908,734.44. Following the completion of the sale, the chief operating officer now directly owns 21,046 shares in the company, valued at approximately $2,278,439.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,753 shares of company stock worth $3,368,303. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AKAM. StockNews.com raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Piper Sandler upped their target price on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Citigroup dropped their price target on shares of Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. KeyCorp upped their target price on shares of Akamai Technologies from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Finally, HSBC lowered shares of Akamai Technologies from a “hold” rating to a “reduce” rating and lowered their price objective for the company from $109.00 to $96.00 in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Akamai Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.60.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud computing, security, and content delivery services 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.