Akamai Technologies (AKAM) to Release Quarterly Earnings on Monday

Akamai Technologies (NASDAQ:AKAM) will issue its quarterly earnings data after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.

Shares of Akamai Technologies (AKAM) opened at $67.62 on Monday. Akamai Technologies has a fifty-two week low of $44.65 and a fifty-two week high of $71.34. The company has a market capitalization of $11,440.00, a price-to-earnings ratio of 40.49, a PEG ratio of 2.70 and a beta of 0.68. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20.

In related news, insider William Wheaton sold 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $66.29, for a total transaction of $662,900.00. Following the transaction, the insider now directly owns 32,319 shares of the company’s stock, valued at $2,142,426.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO F Thomson Leighton purchased 18,545 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $53.91 per share, for a total transaction of $999,760.95. Following the completion of the transaction, the chief executive officer now directly owns 226,950 shares of the company’s stock, valued at approximately $12,234,874.50. The disclosure for this purchase can be found here. Insiders have sold 61,112 shares of company stock worth $3,562,575 over the last three months. 3.20% of the stock is owned by insiders.

AKAM has been the subject of several analyst reports. Wells Fargo & Co set a $57.00 target price on Akamai Technologies and gave the company a “hold” rating in a report on Tuesday, October 10th. B. Riley upped their target price on Akamai Technologies from $70.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 18th. Zacks Investment Research raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, January 2nd. DA Davidson set a $57.00 target price on Akamai Technologies and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.84.

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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 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.

Earnings History for Akamai Technologies (NASDAQ:AKAM)

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