Akamai Technologies (NASDAQ:AKAM) issued its earnings results on Tuesday. The technology infrastructure company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10, RTT News reports. Akamai Technologies had a return on equity of 16.76% and a net margin of 15.98%. The company had revenue of $772.12 million for the quarter, compared to analyst estimates of $749.76 million. During the same period in the prior year, the firm earned $1.07 earnings per share.
NASDAQ AKAM opened at $97.45 on Thursday. The firm has a market capitalization of $15.47 billion, a P/E ratio of 35.44, a PEG ratio of 2.13 and a beta of 0.53. The business has a fifty day simple moving average of $92.70 and a 200 day simple moving average of $89.15. Akamai Technologies has a 12 month low of $67.28 and a 12 month high of $103.29. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.61.
In other Akamai Technologies news, Director Bernardus Johannes M. Verwaayen sold 25,062 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $87.74, for a total value of $2,198,939.88. Following the completion of the transaction, the director now owns 25,062 shares in the company, valued at approximately $2,198,939.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Gemmell sold 10,065 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $85.80, for a total value of $863,577.00. Following the completion of the transaction, the executive vice president now owns 1,439 shares of the company’s stock, valued at approximately $123,466.20. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
AKAM has been the topic of a number of research reports. Nomura upped their target price on Akamai Technologies from $81.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley upped their target price on Akamai Technologies from $111.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday. ValuEngine lowered Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. BidaskClub raised Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Needham & Company LLC upped their target price on Akamai Technologies from $102.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $99.05.
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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