Wall Street analysts predict that Akamai Technologies, Inc. (NASDAQ:AKAM) will post earnings of $1.00 per share for the current quarter, Zacks reports. Eleven analysts have provided estimates for Akamai Technologies’ earnings, with estimates ranging from $0.97 to $1.03. Akamai Technologies posted earnings of $0.69 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.9%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Akamai Technologies will report full year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.53 to $3.59. For the next fiscal year, analysts forecast that the firm will post earnings of $4.04 per share, with EPS estimates ranging from $3.81 to $4.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Akamai Technologies.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Monday, October 29th. The technology infrastructure company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The firm had revenue of $669.63 million during the quarter, compared to analysts’ expectations of $664.17 million. Akamai Technologies had a net margin of 8.39% and a return on equity of 12.06%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share.

A number of research analysts have recently issued reports on the stock. Credit Suisse Group reiterated a “neutral” rating and set a $84.00 price objective (down from $88.00) on shares of Akamai Technologies in a report on Monday, August 13th. DA Davidson upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $93.00 in a report on Monday, September 10th. BidaskClub cut shares of Akamai Technologies from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Piper Jaffray Companies reiterated a “buy” rating on shares of Akamai Technologies in a report on Monday, October 1st. Finally, ValuEngine upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $80.44.

In other Akamai Technologies news, SVP Aaron Ahola sold 1,122 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $67.81, for a total value of $76,082.82. Following the transaction, the senior vice president now directly owns 4,035 shares in the company, valued at $273,613.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Sagan sold 55,500 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $70.46, for a total transaction of $3,910,530.00. Following the completion of the transaction, the director now owns 59,678 shares in the company, valued at $4,204,911.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,544 shares of company stock worth $4,561,298. 3.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Akamai Technologies by 0.4% in the third quarter. Vanguard Group Inc. now owns 17,093,767 shares of the technology infrastructure company’s stock valued at $1,250,409,000 after acquiring an additional 63,759 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Akamai Technologies by 1.0% in the third quarter. Clearbridge Investments LLC now owns 8,773,583 shares of the technology infrastructure company’s stock valued at $641,788,000 after purchasing an additional 90,270 shares during the period. First Trust Advisors LP raised its position in shares of Akamai Technologies by 18.1% in the third quarter. First Trust Advisors LP now owns 4,554,723 shares of the technology infrastructure company’s stock valued at $333,178,000 after purchasing an additional 699,457 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Akamai Technologies by 2,426.2% in the third quarter. Canada Pension Plan Investment Board now owns 4,253,887 shares of the technology infrastructure company’s stock valued at $311,172,000 after purchasing an additional 4,085,498 shares during the period. Finally, King Luther Capital Management Corp raised its position in shares of Akamai Technologies by 1.1% in the third quarter. King Luther Capital Management Corp now owns 2,326,575 shares of the technology infrastructure company’s stock valued at $170,189,000 after purchasing an additional 25,210 shares during the period. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Shares of NASDAQ AKAM opened at $66.65 on Wednesday. The stock has a market cap of $11.24 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.56. Akamai Technologies has a 1 year low of $56.31 and a 1 year high of $83.08. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

Akamai Technologies declared that its board has authorized a stock repurchase program on Monday, October 29th that permits the company to buyback $1.10 billion in outstanding shares. This buyback authorization permits the technology infrastructure company to purchase up to 10.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution.

Further Reading: Leveraged Buyout (LBO)

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

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