Akamai Technologies, Inc. to Post Q1 2020 Earnings of $0.92 Per Share, B. Riley Forecasts (NASDAQ:AKAM)

Akamai Technologies, Inc. (NASDAQ:AKAM) – B. Riley issued their Q1 2020 earnings per share (EPS) estimates for shares of Akamai Technologies in a research report issued to clients and investors on Wednesday, February 12th. B. Riley analyst L. Krowl anticipates that the technology infrastructure company will earn $0.92 per share for the quarter. B. Riley has a “Buy” rating and a $120.00 price objective on the stock. B. Riley also issued estimates for Akamai Technologies’ Q2 2020 earnings at $0.94 EPS, Q3 2020 earnings at $0.99 EPS, Q4 2020 earnings at $1.05 EPS and Q1 2021 earnings at $0.97 EPS.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Tuesday, February 11th. The technology infrastructure company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.10. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. The company had revenue of $772.12 million for the quarter, compared to the consensus estimate of $749.76 million. During the same period last year, the firm posted $1.07 EPS.

Other research analysts also recently issued reports about the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $103.00 price target (up from $97.00) on shares of Akamai Technologies in a research report on Tuesday, October 29th. Zacks Investment Research upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Thursday. Credit Suisse Group raised their price target on shares of Akamai Technologies from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Wednesday. Guggenheim upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, January 7th. Finally, ValuEngine downgraded shares of Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $100.26.

Akamai Technologies stock opened at $99.60 on Friday. The firm’s 50-day moving average is $92.98 and its 200-day moving average is $89.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.74 and a current ratio of 3.74. Akamai Technologies has a 1 year low of $67.28 and a 1 year high of $103.29. The company has a market cap of $15.47 billion, a P/E ratio of 36.22, a PEG ratio of 2.13 and a beta of 0.53.

A number of large investors have recently modified their holdings of the stock. First Trust Advisors LP lifted its position in Akamai Technologies by 13.4% in the 4th quarter. First Trust Advisors LP now owns 3,797,735 shares of the technology infrastructure company’s stock valued at $328,048,000 after purchasing an additional 448,348 shares during the last quarter. King Luther Capital Management Corp lifted its position in Akamai Technologies by 3.9% in the 4th quarter. King Luther Capital Management Corp now owns 2,617,577 shares of the technology infrastructure company’s stock valued at $226,106,000 after purchasing an additional 97,301 shares during the last quarter. Bank of Montreal Can lifted its position in Akamai Technologies by 36.1% in the 4th quarter. Bank of Montreal Can now owns 1,624,021 shares of the technology infrastructure company’s stock valued at $140,283,000 after purchasing an additional 430,580 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Akamai Technologies by 1.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,571,397 shares of the technology infrastructure company’s stock valued at $143,594,000 after buying an additional 27,557 shares during the period. Finally, FIL Ltd increased its stake in Akamai Technologies by 8.9% during the 4th quarter. FIL Ltd now owns 1,329,841 shares of the technology infrastructure company’s stock valued at $114,872,000 after buying an additional 109,022 shares during the period. Hedge funds and other institutional investors own 89.32% of the company’s stock.

In related news, Director Bernardus Johannes M. Verwaayen sold 25,062 shares of Akamai Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $87.74, for a total value of $2,198,939.88. Following the sale, the director now directly owns 25,062 shares in the company, valued at approximately $2,198,939.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

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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