Scotiabank Has Negative Outlook of AKAM FY2025 Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) - Equities researchers at Scotiabank cut their FY2025 earnings per share estimates for shares of Akamai Technologies in a report issued on Wednesday, March 19th. Scotiabank analyst P. Colville now expects that the technology infrastructure company will earn $4.12 per share for the year, down from their prior estimate of $4.55. Scotiabank has a "Sector Outperform" rating and a $107.00 price target on the stock. The consensus estimate for Akamai Technologies' current full-year earnings is $4.60 per share.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%.

A number of other equities research analysts also recently weighed in on the company. Evercore ISI restated an "outperform" rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their target price on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Citigroup reduced their price target on shares of Akamai Technologies from $102.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Raymond James lowered their price objective on shares of Akamai Technologies from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Finally, Craig Hallum cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 target price on the stock. in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.55.

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Akamai Technologies Price Performance

Shares of NASDAQ:AKAM traded down $1.51 during trading on Monday, reaching $80.05. The company had a trading volume of 1,683,043 shares, compared to its average volume of 1,870,708. The company has a fifty day moving average of $89.91 and a two-hundred day moving average of $94.80. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.03 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. Akamai Technologies has a 12 month low of $75.50 and a 12 month high of $110.14.

Insiders Place Their Bets

In related news, EVP Paul C. Joseph sold 4,000 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total value of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares of the company's stock, valued at $2,115,633.28. This represents a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO F Thomson Leighton acquired 37,670 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $79.58 per share, with a total value of $2,997,778.60. Following the transaction, the chief executive officer now directly owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. This trade represents a 37.79 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 35,394 shares of company stock worth $3,019,323. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Caprock Group LLC bought a new stake in Akamai Technologies in the third quarter worth $252,000. Prospera Financial Services Inc purchased a new position in shares of Akamai Technologies in the 3rd quarter worth about $209,000. Advisors Asset Management Inc. boosted its stake in Akamai Technologies by 2.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,018 shares of the technology infrastructure company's stock worth $1,415,000 after purchasing an additional 354 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Akamai Technologies during the 3rd quarter valued at about $345,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Akamai Technologies by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 892,356 shares of the technology infrastructure company's stock worth $90,083,000 after buying an additional 11,272 shares during the last quarter. Institutional investors own 94.28% of the company's stock.

Akamai Technologies Company Profile

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.