Akamai Technologies (AKAM) Scheduled to Post Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM) is scheduled to be announcing 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. Persons that wish to register for the company’s earnings 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 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The company had revenue of $979.60 million for the quarter, compared to analysts’ expectations of $977.67 million. During the same period last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter 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 Up 0.9 %

NASDAQ AKAM opened at $100.96 on Wednesday. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 3.22 and a beta of 0.68. Akamai Technologies has a 1-year low of $87.59 and a 1-year high of $129.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $100.98 and a 200-day moving average of $97.21.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler cut their target price on Akamai Technologies from $114.00 to $112.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. DA Davidson restated a “buy” rating and issued a $115.00 target price on shares of Akamai Technologies in a research report on Friday, August 9th. HSBC upgraded shares of Akamai Technologies from a “reduce” rating to a “hold” rating and set a $96.00 price target on the stock in a research report on Wednesday, July 24th. Hsbc Global Res upgraded shares of Akamai Technologies from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Tigress Financial reaffirmed a “strong-buy” rating and issued a $140.00 target price on shares of Akamai Technologies in a report on Thursday, August 29th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.47.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the transaction, the executive vice president now directly owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director William Raymond Wagner sold 1,000 shares of the business’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 owns 16,719 shares in the company, valued at $1,684,104.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the sale, the executive vice president now owns 30,703 shares of the company’s stock, valued at approximately $2,987,401.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,500 shares of company stock worth $741,655 over the last three months. Company insiders own 2.00% of the company’s stock.

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.