Research Analysts Set Expectations for AKAM FY2025 Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Scotiabank dropped their FY2025 earnings estimates for Akamai Technologies in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Colville now anticipates that the technology infrastructure company will post earnings of $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 objective on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.60 per share.

Other research analysts also recently issued research reports about the stock. Bank of America downgraded shares of Akamai Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $125.00 to $100.00 in a research note on Friday, February 21st. Susquehanna reduced their price objective on shares of Akamai Technologies from $110.00 to $105.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. UBS Group began coverage on shares of Akamai Technologies in a research report on Monday, December 16th. They set a “neutral” rating and a $110.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a report on Friday, February 21st. Finally, Citigroup decreased their price objective on Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $106.55.

Akamai Technologies Stock Up 2.1 %

Shares of NASDAQ:AKAM opened at $82.77 on Monday. 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 company has a market capitalization of $12.44 billion, a P/E ratio of 25.39, 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. The stock’s fifty day simple moving average is $90.45 and its 200-day simple moving average is $95.09.

Akamai Technologies (NASDAQ:AKAM) last issued 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%.

Insider Activity at Akamai Technologies

In related news, EVP Aaron Ahola sold 4,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the sale, the executive vice president now directly owns 25,211 shares in the company, valued at approximately $2,040,074.12. This represents a 13.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO F Thomson Leighton acquired 37,670 shares of Akamai Technologies stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $79.58 per share, for a total transaction of $2,997,778.60. Following the purchase, the chief executive officer now owns 137,342 shares of the company’s stock, valued at $10,929,676.36. This represents a 37.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 35,394 shares of company stock worth $3,019,323. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Caprock Group LLC purchased a new position in shares of Akamai Technologies in the third quarter valued at $252,000. Prospera Financial Services Inc purchased a new position in Akamai Technologies in the 3rd quarter valued at about $209,000. Advisors Asset Management Inc. grew its stake in shares of Akamai Technologies by 2.6% during the third quarter. Advisors Asset Management Inc. now owns 14,018 shares of the technology infrastructure company’s stock valued at $1,415,000 after acquiring an additional 354 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Akamai Technologies during the third quarter worth about $345,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of 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 acquiring an additional 11,272 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.