Q1 2018 EPS Estimates for Akamai Technologies, Inc. Increased by Analyst (AKAM)

Akamai Technologies, Inc. (NASDAQ:AKAM) – Analysts at SunTrust Banks lifted their Q1 2018 earnings per share (EPS) estimates for shares of Akamai Technologies in a report issued on Wednesday. SunTrust Banks analyst G. Miller now anticipates that the technology infrastructure company will earn $0.50 per share for the quarter, up from their previous estimate of $0.41. SunTrust Banks currently has a “Hold” rating and a $60.00 target price on the stock. SunTrust Banks also issued estimates for Akamai Technologies’ Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.18 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.65 EPS and FY2019 earnings at $2.37 EPS.

A number of other equities analysts have also issued reports on AKAM. Zacks Investment Research lowered shares of Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Piper Jaffray Companies reiterated a “buy” rating and set a $60.00 price target on shares of Akamai Technologies in a research note on Wednesday, October 25th. B. Riley reiterated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Akamai Technologies in a research note on Wednesday, October 25th. Wells Fargo & Co reiterated a “market perform” rating and set a $62.00 price target (up previously from $57.00) on shares of Akamai Technologies in a research note on Wednesday, October 25th. Finally, Deutsche Bank reiterated a “buy” rating and set a $75.00 price target on shares of Akamai Technologies in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $68.95.

Akamai Technologies (NASDAQ:AKAM) opened at $64.13 on Monday. Akamai Technologies has a 52-week low of $44.65 and a 52-week high of $69.56. The stock has a market cap of $10,850.00, a price-to-earnings ratio of 50.90, a P/E/G ratio of 2.68 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 2.82.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. Akamai Technologies had a net margin of 8.72% and a return on equity of 9.90%. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $649.08 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Akamai Technologies’s revenue was up 7.7% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in AKAM. Ark Investment Management LLC raised its holdings in shares of Akamai Technologies by 1,559.0% in the second quarter. Ark Investment Management LLC now owns 101,449 shares of the technology infrastructure company’s stock valued at $5,053,000 after buying an additional 95,334 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Akamai Technologies by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 897,471 shares of the technology infrastructure company’s stock valued at $44,705,000 after buying an additional 5,944 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Akamai Technologies by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,696 shares of the technology infrastructure company’s stock valued at $334,000 after buying an additional 1,078 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Akamai Technologies by 758.8% in the second quarter. Nomura Holdings Inc. now owns 29,190 shares of the technology infrastructure company’s stock valued at $1,453,000 after buying an additional 25,791 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new position in shares of Akamai Technologies in the second quarter valued at about $117,000. 86.52% of the stock is owned by institutional investors and hedge funds.

In other news, CEO F Thomson Leighton bought 18,545 shares of Akamai Technologies stock in a transaction dated Wednesday, November 15th. The shares were bought at an average price of $53.91 per share, for a total transaction of $999,760.95. Following the purchase, the chief executive officer now owns 226,950 shares of the company’s stock, valued at $12,234,874.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 61,112 shares of company stock worth $3,562,575 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

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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 and Estimates for Akamai Technologies (NASDAQ:AKAM)

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