Akamai Technologies, Inc. (NASDAQ:AKAM) – Equities research analysts at William Blair issued their Q1 2018 earnings estimates for Akamai Technologies in a research note issued on Sunday. William Blair analyst J. Breen expects that the technology infrastructure company will earn $0.42 per share for the quarter. William Blair also issued estimates for Akamai Technologies’ Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.49 EPS.
Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The business had revenue of $608.90 million for the quarter, compared to analysts’ expectations of $604.51 million. During the same quarter in the prior year, the business earned $0.64 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Akamai Technologies, Inc. Expected to Post Q1 2018 Earnings of $0.42 Per Share (AKAM)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/10/28/akamai-technologies-inc-expected-to-post-q1-2018-earnings-of-0-42-per-share-akam.html.
Several other research firms have also recently weighed in on AKAM. Royal Bank Of Canada reissued a “sector perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of Akamai Technologies in a research report on Wednesday, July 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $57.00 price objective on shares of Akamai Technologies in a research report on Wednesday, July 26th. Oppenheimer Holdings, Inc. dropped their price target on Akamai Technologies from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price target (down previously from $58.00) on shares of Akamai Technologies in a research report on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $61.00 price target on shares of Akamai Technologies in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $59.64.
Akamai Technologies (NASDAQ:AKAM) traded up 1.29% during midday trading on Wednesday, reaching $51.66. The company had a trading volume of 651,041 shares. The stock’s 50 day moving average is $48.49 and its 200 day moving average is $50.33. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 29.50 and a beta of 0.65. Akamai Technologies has a 12-month low of $44.65 and a 12-month high of $71.64.
In other Akamai Technologies news, insider Rick M. Mcconnell sold 7,579 shares of Akamai Technologies stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $51.00, for a total value of $386,529.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Wheaton sold 10,000 shares of Akamai Technologies stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.81, for a total value of $498,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 46,224 shares of company stock valued at $2,245,074. 3.20% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC increased its holdings in shares of Akamai Technologies by 9.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after purchasing an additional 168 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Akamai Technologies in the 2nd quarter worth $117,000. BB&T Investment Services Inc. bought a new stake in shares of Akamai Technologies in the 2nd quarter worth $119,000. FTB Advisors Inc. increased its holdings in shares of Akamai Technologies by 2.4% in the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock worth $125,000 after purchasing an additional 59 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Akamai Technologies by 79.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,332 shares of the technology infrastructure company’s stock worth $139,000 after purchasing an additional 1,032 shares in the last quarter. 84.40% of the stock is owned by institutional investors and hedge funds.
Akamai Technologies Company Profile
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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