Akamai Technologies Inc. (NASDAQ:AKAM) – Analysts at Credit Agricole SA decreased their Q2 2017 earnings per share (EPS) estimates for Akamai Technologies in a research note issued on Tuesday. Credit Agricole SA analyst E. Maguire now forecasts that the firm will earn $0.60 per share for the quarter, down from their prior estimate of $0.62.

Other analysts have also issued reports about the stock. B. Riley reissued a “buy” rating and issued a $62.00 price target on shares of Akamai Technologies in a research report on Monday, August 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of Akamai Technologies in a research report on Sunday, July 17th. MKM Partners reissued a “buy” rating and issued a $68.00 price target on shares of Akamai Technologies in a research report on Saturday, July 9th. FBR & Co dropped their price target on shares of Akamai Technologies from $43.00 to $42.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Piper Jaffray Cos. dropped their price target on shares of Akamai Technologies from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.50.

Shares of Akamai Technologies (NASDAQ:AKAM) traded down 1.95% during midday trading on Thursday, reaching $54.89. 1,221,979 shares of the company traded hands. Akamai Technologies has a 12 month low of $39.43 and a 12 month high of $76.39. The company has a 50 day moving average of $53.26 and a 200 day moving average of $53.25. The firm has a market capitalization of $9.59 billion, a P/E ratio of 30.13 and a beta of 1.49.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, July 26th. The technology infrastructure company reported $0.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.64. The firm earned $572 million during the quarter, compared to analysts’ expectations of $574.86 million. Akamai Technologies had a net margin of 14.31% and a return on equity of 11.82%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS.

In other news, EVP James Gemmell sold 1,869 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $50.45, for a total transaction of $94,291.05. Following the sale, the executive vice president now owns 7,148 shares in the company, valued at approximately $360,616.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO F Thomson Leighton acquired 17,456 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were bought at an average price of $57.28 per share, for a total transaction of $999,879.68. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of AKAM. Legal & General Group Plc boosted its position in Akamai Technologies by 4.0% in the first quarter. Legal & General Group Plc now owns 732,506 shares of the technology infrastructure company’s stock valued at $40,704,000 after buying an additional 27,866 shares during the last quarter. Renaissance Technologies LLC boosted its position in Akamai Technologies by 9.0% in the first quarter. Renaissance Technologies LLC now owns 766,900 shares of the technology infrastructure company’s stock valued at $42,617,000 after buying an additional 63,600 shares during the last quarter. Geode Capital Management LLC boosted its position in Akamai Technologies by 2.0% in the first quarter. Geode Capital Management LLC now owns 1,470,277 shares of the technology infrastructure company’s stock valued at $81,542,000 after buying an additional 29,369 shares during the last quarter. PGGM Investments purchased a new position in Akamai Technologies during the second quarter valued at $30,442,000. Finally, Franklin Resources Inc. boosted its position in Akamai Technologies by 118.3% in the first quarter. Franklin Resources Inc. now owns 447,688 shares of the technology infrastructure company’s stock valued at $24,878,000 after buying an additional 242,600 shares during the last quarter. Institutional investors and hedge funds own 89.88% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services.

5 Day Chart for NASDAQ:AKAM

Receive News & Stock Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related stocks with our FREE daily email newsletter.