Akamai Technologies (AKAM) Set to Announce Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM) is scheduled to be issuing its quarterly 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.10. The firm had revenue of $995.00 million during the quarter, compared to analysts’ expectations of $999.09 million. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. 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 Stock Performance

Shares of AKAM stock opened at $101.67 on Wednesday. The stock has a market cap of $15.41 billion, a PE ratio of 28.63, a P/E/G ratio of 2.81 and a beta of 0.72. Akamai Technologies has a 1 year low of $78.35 and a 1 year high of $129.17. The stock has a fifty day moving average price of $106.09 and a 200 day moving average price of $112.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AKAM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Akamai Technologies in a research note on Wednesday, February 14th. Robert W. Baird raised shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $128.00 to $135.00 in a research report on Thursday, March 7th. JPMorgan Chase & Co. raised their target price on Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. StockNews.com raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. Finally, Citigroup dropped their target price on Akamai Technologies from $140.00 to $117.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.60.

Insider Buying and Selling

In related news, EVP Anthony P. Williams sold 4,500 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the transaction, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at $1,624,208.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, COO Adam Karon sold 8,394 shares of Akamai Technologies stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $108.26, for a total transaction of $908,734.44. Following the sale, the chief operating officer now directly owns 21,046 shares of the company’s stock, valued at approximately $2,278,439.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anthony P. Williams sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $108.73, for a total transaction of $489,285.00. Following the completion of the transaction, the executive vice president now directly owns 14,938 shares of the company’s stock, valued at approximately $1,624,208.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,753 shares of company stock valued at $3,368,303. Insiders own 2.00% of the company’s stock.

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.