Akamai Technologies (AKAM) Projected to Post Quarterly Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.52 per share and revenue of $1.02 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Akamai Technologies Trading Up 0.4 %

NASDAQ AKAM traded up $0.35 on Friday, hitting $100.01. The company's stock had a trading volume of 1,466,567 shares, compared to its average volume of 1,613,507. Akamai Technologies has a 52-week low of $84.70 and a 52-week high of $114.67. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company's 50-day simple moving average is $96.60 and its 200 day simple moving average is $97.88. The firm has a market cap of $15.02 billion, a P/E ratio of 29.59, a PEG ratio of 3.56 and a beta of 0.65.

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 dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now owns 15,719 shares of the company's stock, valued at approximately $1,467,840.22. The trade was a 5.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Edward J. Mcgowan sold 10,782 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the sale, the chief financial officer now directly owns 12,716 shares of the company's stock, valued at $1,255,196.36. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,782 shares of company stock valued at $1,523,951 over the last 90 days. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

AKAM has been the subject of several research analyst reports. Evercore ISI reiterated an "outperform" rating and issued a $110.00 price objective on shares of Akamai Technologies in a report on Tuesday, December 17th. Oppenheimer upgraded Akamai Technologies from a "market perform" rating to an "outperform" rating and set a $120.00 target price for the company in a research note on Monday, December 2nd. HSBC upgraded Akamai Technologies from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Monday, November 11th. Citigroup lowered their target price on Akamai Technologies from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Finally, Robert W. Baird lowered their price objective on Akamai Technologies from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $117.95.

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.