Akamai Technologies, Inc. (NASDAQ:AKAM) Scheduled to Post Earnings on Tuesday
Akamai Technologies, Inc. (NASDAQ:AKAM) is set to issue its quarterly earnings data after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Akamai Technologies has set its Q2 guidance at $0.59-0.61 EPS.
Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. Akamai Technologies had a return on equity of 11.31% and a net margin of 13.53%. The company had revenue of $609.24 million during the quarter, compared to analyst estimates of $604.94 million. On average, analysts expect Akamai Technologies to post $1.93 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.
Shares of Akamai Technologies, Inc. (NASDAQ AKAM) opened at 51.77 on Tuesday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 28.29 and a beta of 0.67. Akamai Technologies, Inc. has a one year low of $46.81 and a one year high of $71.64. The company has a 50-day moving average price of $48.87 and a 200 day moving average price of $60.06.
In other Akamai Technologies news, Director Paul Sagan sold 17,889 shares of Akamai Technologies stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $49.53, for a total transaction of $886,042.17. Following the completion of the sale, the director now directly owns 64,147 shares of the company’s stock, valued at approximately $3,177,200.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO F Thomson Leighton bought 21,196 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $47.17 per share, with a total value of $999,815.32. Following the completion of the transaction, the chief executive officer now owns 227,057 shares in the company, valued at $10,710,278.69. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 61,410 shares of company stock valued at $2,999,444. 3.20% of the stock is currently owned by corporate insiders.
AKAM has been the topic of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $66.00 target price on shares of Akamai Technologies in a report on Wednesday, May 3rd. MKM Partners reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Akamai Technologies in a research note on Monday, April 3rd. Drexel Hamilton assumed coverage on Akamai Technologies in a research note on Tuesday, March 21st. They issued a “buy” rating and a $90.00 price objective on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $73.00 price objective (down previously from $80.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Finally, TheStreet downgraded Akamai Technologies from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $64.74.
Akamai Technologies Company Profile
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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