Akamai Technologies (NASDAQ:AKAM - Get Free Report) is expected to release its Q4 2024 earnings data after the market closes on Thursday, February 20th. Analysts expect Akamai Technologies to post earnings of $1.52 per share and revenue of $1.02 billion for the quarter. Akamai Technologies has set its Q1 2025 guidance at 1.540-1.590 EPS and its FY 2025 guidance at 6.000-6.400 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.
Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.33). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. 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 Down 21.7 %
Shares of AKAM stock traded down $21.30 on Friday, reaching $76.73. 20,721,903 shares of the company were exchanged, compared to its average volume of 2,321,942. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.58 and a beta of 0.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.33. Akamai Technologies has a one year low of $76.50 and a one year high of $113.36. The company has a 50-day moving average of $96.15 and a 200-day moving average of $97.86.
Insider Buying and Selling
In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the business's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total transaction of $93,380.00. Following the sale, the director now owns 15,719 shares of the company's stock, valued at $1,467,840.22. The trade was a 5.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares in the company, valued at $2,115,633.28. The trade was a 14.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,782 shares of company stock valued at $1,523,951. 1.80% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AKAM shares. HSBC upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 price target for the company in a research note on Monday, November 11th. Oppenheimer upgraded Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 price target for the company in a research note on Monday, December 2nd. Hsbc Global Res upgraded Akamai Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating for the company in a research note on Friday. Finally, Craig Hallum downgraded Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.90.
View Our Latest Stock Analysis on AKAM
About Akamai Technologies
(
Get Free Report)
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.
Read More
Before you consider Akamai Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Akamai Technologies wasn't on the list.
While Akamai Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
