Equities analysts predict that Akamai Technologies, Inc. (NASDAQ:AKAM) will report $767.77 million in sales for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Akamai Technologies’ earnings. The highest sales estimate is $784.24 million and the lowest is $763.60 million. Akamai Technologies posted sales of $705.07 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is expected to announce its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Akamai Technologies will report full year sales of $3.11 billion for the current fiscal year, with estimates ranging from $3.08 billion to $3.17 billion. For the next year, analysts expect that the company will post sales of $3.32 billion, with estimates ranging from $3.26 billion to $3.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Akamai Technologies.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, April 28th. The technology infrastructure company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.04. Akamai Technologies had a return on equity of 16.54% and a net margin of 16.74%. The firm had revenue of $764.30 million during the quarter, compared to the consensus estimate of $749.75 million. During the same period last year, the company earned $1.10 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis.

Several equities research analysts recently commented on AKAM shares. SunTrust Banks increased their price objective on Akamai Technologies from $108.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Nomura Securities reissued a “hold” rating and issued a $115.00 target price (up from $100.00) on shares of Akamai Technologies in a research report on Wednesday, April 15th. Goldman Sachs Group raised their target price on Akamai Technologies from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. They noted that the move was a valuation call. Craig Hallum raised their target price on Akamai Technologies from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Investment Research cut Akamai Technologies from a “buy” rating to a “hold” rating and set a $103.00 target price on the stock. in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $111.40.

In related news, EVP Adam Karon sold 5,000 shares of Akamai Technologies stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. Following the sale, the executive vice president now owns 8,260 shares of the company’s stock, valued at approximately $826,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Blumofe sold 7,100 shares of Akamai Technologies stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $96.31, for a total value of $683,801.00. Following the sale, the executive vice president now directly owns 23,100 shares in the company, valued at approximately $2,224,761. The disclosure for this sale can be found here. Insiders have sold a total of 47,576 shares of company stock worth $4,741,934 in the last three months. 2.40% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AKAM. CENTRAL TRUST Co bought a new stake in Akamai Technologies in the 1st quarter worth approximately $25,000. Ballast Advisors LLC purchased a new position in shares of Akamai Technologies in the 1st quarter worth approximately $27,000. Baystate Wealth Management LLC purchased a new position in shares of Akamai Technologies in the 1st quarter worth approximately $27,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Akamai Technologies in the 1st quarter worth approximately $27,000. Finally, AllSquare Wealth Management LLC purchased a new position in shares of Akamai Technologies in the 1st quarter worth approximately $35,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Akamai Technologies stock traded down $0.51 during trading on Wednesday, hitting $112.61. 2,911,695 shares of the company’s stock traded hands, compared to its average volume of 2,039,303. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.20 and a quick ratio of 3.20. Akamai Technologies has a 1 year low of $75.18 and a 1 year high of $116.39. The stock has a market capitalization of $18.36 billion, a P/E ratio of 37.41, a PEG ratio of 2.33 and a beta of 0.34. The business has a 50-day simple moving average of $102.18 and a 200-day simple moving average of $95.83.

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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Earnings History and Estimates for Akamai Technologies (NASDAQ:AKAM)

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