Akamai Technologies, Inc. (NASDAQ:AKAM) – Investment analysts at KeyCorp upped their Q3 2018 earnings per share (EPS) estimates for shares of Akamai Technologies in a report issued on Tuesday. KeyCorp analyst B. Nispel now expects that the technology infrastructure company will earn $0.57 per share for the quarter, up from their previous forecast of $0.45. KeyCorp currently has a “Underweight” rating and a $57.00 target price on the stock. KeyCorp also issued estimates for Akamai Technologies’ Q4 2018 earnings at $0.66 EPS.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The company had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $649.08 million. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. Akamai Technologies’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share.

Other research analysts have also recently issued research reports about the company. Credit Suisse Group lifted their target price on Akamai Technologies from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday. Vetr raised Akamai Technologies from a “buy” rating to a “strong-buy” rating and set a $71.78 target price on the stock in a research report on Monday. Nomura lifted their target price on Akamai Technologies from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. TheStreet cut Akamai Technologies from a “b-” rating to a “c+” rating in a research report on Thursday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $60.00 target price on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.95.

Akamai Technologies (AKAM) opened at $64.13 on Friday. The stock has a market capitalization of $10,570.29, a P/E ratio of 51.30, a P/E/G ratio of 2.61 and a beta of 0.71. The company has a current ratio of 2.82, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. Akamai Technologies has a 1 year low of $44.65 and a 1 year high of $69.56.

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC raised its stake in shares of Akamai Technologies by 9.0% in the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after buying an additional 168 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Akamai Technologies by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock valued at $5,329,000 after buying an additional 788 shares during the period. Suntrust Banks Inc. raised its stake in shares of Akamai Technologies by 19.6% in the fourth quarter. Suntrust Banks Inc. now owns 5,054 shares of the technology infrastructure company’s stock valued at $328,000 after buying an additional 829 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of Akamai Technologies by 2.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,822 shares of the technology infrastructure company’s stock valued at $2,135,000 after buying an additional 937 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Akamai Technologies by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,696 shares of the technology infrastructure company’s stock valued at $334,000 after buying an additional 1,078 shares during the period. Hedge funds and other institutional investors own 86.52% of the company’s stock.

In other news, CEO F Thomson Leighton bought 18,545 shares of the stock in a transaction on Wednesday, November 15th. The shares were purchased at an average cost of $53.91 per share, for a total transaction of $999,760.95. Following the completion of the purchase, the chief executive officer now directly owns 226,950 shares in the company, valued at approximately $12,234,874.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rick M. Mcconnell sold 48,369 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $56.83, for a total value of $2,748,810.27. Following the completion of the sale, the insider now owns 45,974 shares in the company, valued at $2,612,702.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,112 shares of company stock worth $3,562,575. Corporate insiders own 3.20% of the company’s stock.

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About Akamai Technologies

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.

Earnings History and Estimates for Akamai Technologies (NASDAQ:AKAM)

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