What is Scotiabank's Estimate for AKAM FY2025 Earnings?

Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) - Equities research analysts at Scotiabank lowered their FY2025 earnings per share estimates for Akamai Technologies in a report released on Wednesday, March 19th. Scotiabank analyst P. Colville now anticipates 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.

Several other analysts have also issued reports on the stock. Craig Hallum lowered shares of Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price target on the stock. in a research report on Friday, February 21st. Royal Bank of Canada dropped their price objective on Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. Bank of America lowered Akamai Technologies from a "buy" rating to a "neutral" rating and reduced their price target for the company from $125.00 to $100.00 in a research report on Friday, February 21st. TD Cowen downgraded shares of Akamai Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $98.00 in a research report on Friday, February 21st. Finally, UBS Group initiated coverage on Akamai Technologies in a research report on Monday, December 16th. They set a "neutral" rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.55.

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Akamai Technologies Trading Up 0.1 %

Akamai Technologies stock traded up $0.09 during midday trading on Monday, hitting $81.56. 1,191,910 shares of the stock were exchanged, compared to its average volume of 1,832,585. The company has a fifty day simple moving average of $90.09 and a two-hundred day simple moving average of $94.90. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.26 billion, a PE ratio of 25.02, a P/E/G ratio of 2.74 and a beta of 0.68. Akamai Technologies has a 52 week low of $75.50 and a 52 week high of $110.14.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.33). The firm 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 14.35% and a net margin of 12.65%.

Insider Buying and Selling

In other news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction that occurred 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. The trade was a 14.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO F Thomson Leighton bought 37,670 shares of Akamai Technologies stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $79.58 per share, with a total value of $2,997,778.60. Following the completion of the transaction, the chief executive officer now directly owns 137,342 shares of the company's stock, valued at approximately $10,929,676.36. The trade was a 37.79 % increase in their ownership of the stock. 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. 2.00% of the stock is owned by company insiders.

Institutional Trading of Akamai Technologies

Several institutional investors have recently made changes to their positions in AKAM. Itau Unibanco Holding S.A. grew its position in Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company's stock valued at $45,000 after acquiring an additional 234 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Akamai Technologies during the fourth quarter worth approximately $49,000. Bruce G. Allen Investments LLC raised its holdings in Akamai Technologies by 38.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company's stock valued at $53,000 after acquiring an additional 155 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in Akamai Technologies in the fourth quarter worth approximately $57,000. Finally, LRI Investments LLC grew its holdings in Akamai Technologies by 500.0% during the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company's stock worth $60,000 after acquiring an additional 520 shares in the last quarter. Hedge funds and other 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.