Wall Street analysts predict that Akamai Technologies, Inc. (NASDAQ:AKAM) will report $1.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Akamai Technologies’ earnings. The lowest EPS estimate is $1.12 and the highest is $1.16. Akamai Technologies posted earnings of $1.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Akamai Technologies will report full year earnings of $4.40 per share for the current fiscal year, with EPS estimates ranging from $4.38 to $4.42. For the next financial year, analysts forecast that the company will report earnings of $4.78 per share, with EPS estimates ranging from $4.49 to $4.93. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Akamai Technologies.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Monday, October 28th. The technology infrastructure company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.10. The company had revenue of $709.91 million for the quarter, compared to analyst estimates of $701.25 million. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. Akamai Technologies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS.

Several research analysts have recently weighed in on AKAM shares. Piper Jaffray Companies restated an “overweight” rating and set a $103.00 price objective (up from $97.00) on shares of Akamai Technologies in a research note on Tuesday, October 29th. Cowen set a $93.00 price target on shares of Akamai Technologies and gave the company a “hold” rating in a research note on Wednesday, July 31st. Craig Hallum upped their price target on shares of Akamai Technologies from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Credit Suisse Group upped their price target on shares of Akamai Technologies from $81.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Oppenheimer upped their price target on shares of Akamai Technologies from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $92.19.

In other Akamai Technologies news, CFO Ewout L. Steenbergen sold 1,760 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $251.19, for a total value of $442,094.40. Also, EVP Robert Blumofe sold 9,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $86.87, for a total transaction of $781,830.00. Following the completion of the sale, the executive vice president now directly owns 11,874 shares of the company’s stock, valued at approximately $1,031,494.38. The disclosure for this sale can be found here. Insiders sold a total of 13,877 shares of company stock valued at $1,505,202 in the last three months. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. boosted its holdings in Akamai Technologies by 259.3% in the 2nd quarter. Bessemer Group Inc. now owns 1,581 shares of the technology infrastructure company’s stock valued at $126,000 after purchasing an additional 1,141 shares during the period. LGT Capital Partners LTD. lifted its holdings in shares of Akamai Technologies by 17.6% during the 3rd quarter. LGT Capital Partners LTD. now owns 778,250 shares of the technology infrastructure company’s stock worth $71,116,000 after acquiring an additional 116,300 shares during the period. MML Investors Services LLC lifted its holdings in shares of Akamai Technologies by 3.0% during the 2nd quarter. MML Investors Services LLC now owns 30,741 shares of the technology infrastructure company’s stock worth $2,464,000 after acquiring an additional 896 shares during the period. 361 Capital LLC bought a new stake in shares of Akamai Technologies during the 2nd quarter worth approximately $403,000. Finally, Whitener Capital Management Inc. lifted its holdings in shares of Akamai Technologies by 16.2% during the 2nd quarter. Whitener Capital Management Inc. now owns 6,995 shares of the technology infrastructure company’s stock worth $560,000 after acquiring an additional 975 shares during the period. 88.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Akamai Technologies stock traded down $0.04 during trading on Thursday, hitting $85.56. 15,913 shares of the stock were exchanged, compared to its average volume of 1,717,009. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of 30.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.61. The company has a fifty day moving average price of $89.01 and a 200-day moving average price of $84.38. Akamai Technologies has a 1-year low of $57.18 and a 1-year high of $93.12. The company has a current ratio of 3.74, a quick ratio of 2.95 and a debt-to-equity ratio of 0.61.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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Earnings History and Estimates for Akamai Technologies (NASDAQ:AKAM)

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