Akamai Technologies (NASDAQ:AKAM) Announces Earnings Results

Akamai Technologies (NASDAQ:AKAM) posted its quarterly earnings results on Thursday. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33), Zacks reports. Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. Akamai Technologies updated its Q1 2025 guidance to 1.540-1.590 EPS and its FY 2025 guidance to 6.000-6.400 EPS.

Akamai Technologies Stock Down 2.2 %

Shares of NASDAQ AKAM opened at $98.05 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.58 and a beta of 0.65. Akamai Technologies has a 12 month low of $84.70 and a 12 month high of $113.36. The stock has a 50-day moving average price of $96.60 and a two-hundred day moving average price of $97.96.

Insiders Place Their Bets

In other news, EVP Paul C. Joseph sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.57, for a total transaction of $366,280.00. Following the sale, the executive vice president now directly owns 23,104 shares in the company, valued at approximately $2,115,633.28. The trade was a 14.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total value of $93,380.00. Following the sale, the director now owns 15,719 shares in the company, valued at approximately $1,467,840.22. This trade represents a 5.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,782 shares of company stock valued at $1,523,951. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Akamai Technologies in a research report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective for the company. Piper Sandler lowered shares of Akamai Technologies from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $112.00 to $100.00 in a report on Friday. HSBC raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Akamai Technologies in a report on Friday. Finally, Bank of America lowered shares of Akamai Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $125.00 to $100.00 in a report on Friday. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Akamai Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $112.42.

About Akamai Technologies

Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.