Research Analysts Set Expectations for Akamai Technologies, Inc.’s Q1 2019 Earnings (AKAM)
Akamai Technologies, Inc. (NASDAQ:AKAM) – SunTrust Banks issued their Q1 2019 EPS estimates for Akamai Technologies in a report issued on Wednesday. SunTrust Banks analyst G. Miller expects that the technology infrastructure company will post earnings per share of $0.50 for the quarter. SunTrust Banks has a “Hold” rating and a $60.00 price target on the stock. SunTrust Banks also issued estimates for Akamai Technologies’ Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.54 EPS and FY2019 earnings at $2.11 EPS.
Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The business had revenue of $621.00 million for the quarter, compared to the consensus estimate of $610.66 million. During the same period last year, the company earned $0.68 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year.
Akamai Technologies (NASDAQ:AKAM) traded up $0.67 during trading hours on Friday, reaching $56.44. 1,555,300 shares of the company traded hands, compared to its average volume of 2,180,696. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. Akamai Technologies has a twelve month low of $44.65 and a twelve month high of $71.64. The firm has a market cap of $9,433.59, a P/E ratio of 29.05, a PEG ratio of 2.21 and a beta of 0.68.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Akamai Technologies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,562,553 shares of the technology infrastructure company’s stock worth $824,981,000 after acquiring an additional 424,152 shares during the last quarter. First Trust Advisors LP boosted its holdings in Akamai Technologies by 2.3% during the 3rd quarter. First Trust Advisors LP now owns 4,959,149 shares of the technology infrastructure company’s stock worth $241,610,000 after acquiring an additional 109,826 shares during the last quarter. Fairpointe Capital LLC boosted its holdings in Akamai Technologies by 44.0% during the 2nd quarter. Fairpointe Capital LLC now owns 3,212,227 shares of the technology infrastructure company’s stock worth $160,001,000 after acquiring an additional 981,069 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Akamai Technologies by 13.2% during the 2nd quarter. King Luther Capital Management Corp now owns 2,320,833 shares of the technology infrastructure company’s stock worth $115,601,000 after acquiring an additional 269,793 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in Akamai Technologies by 83.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company’s stock worth $95,080,000 after acquiring an additional 867,795 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
In other Akamai Technologies news, insider Rick M. Mcconnell sold 2,743 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $55.00, for a total transaction of $150,865.00. Following the completion of the sale, the insider now owns 37,010 shares in the company, valued at approximately $2,035,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Aaron Ahola sold 2,893 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.44, for a total transaction of $151,708.92. Following the sale, the senior vice president now owns 8,046 shares of the company’s stock, valued at approximately $421,932.24. The disclosure for this sale can be found here. Insiders have sold a total of 31,181 shares of company stock valued at $1,614,560 in the last 90 days. 3.20% of the stock is currently owned by company insiders.
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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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