Akamai Technologies (AKAM) Scheduled to Post Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.59 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.05. Akamai Technologies had a return on equity of 14.78% and a net margin of 16.01%. The company had revenue of $979.60 million during the quarter, compared to the consensus estimate of $977.67 million. During the same period last year, the firm earned $1.01 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect Akamai Technologies to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $100.04 on Tuesday. Akamai Technologies has a 52 week low of $87.59 and a 52 week high of $129.17. The company has a market cap of $15.16 billion, a P/E ratio of 24.76, a PEG ratio of 3.24 and a beta of 0.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $101.00 and a two-hundred day moving average of $97.21.

Analyst Ratings Changes

Several brokerages have recently issued reports on AKAM. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Hsbc Global Res raised Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 24th. HSBC upgraded shares of Akamai Technologies from a “reduce” rating to a “hold” rating and set a $96.00 price objective for the company in a report on Wednesday, July 24th. TD Cowen lifted their price target on shares of Akamai Technologies from $129.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, DA Davidson restated a “buy” rating and set a $115.00 target price on shares of Akamai Technologies in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.47.

Insider Buying and Selling

In related news, Director William Raymond Wagner sold 1,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $100.73, for a total transaction of $100,730.00. Following the sale, the director now owns 16,719 shares of the company’s stock, valued at approximately $1,684,104.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $97.30, for a total value of $389,200.00. Following the completion of the transaction, the executive vice president now directly owns 30,703 shares in the company, valued at approximately $2,987,401.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total value of $100,730.00. Following the transaction, the director now directly owns 16,719 shares of the company’s stock, valued at $1,684,104.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,500 shares of company stock valued at $741,655. 1.80% of the stock is owned by company insiders.

About Akamai Technologies

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.