Research Analysts Issue Forecasts for AKAM FY2025 Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Equities research analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Akamai Technologies in a report released on Wednesday, March 19th. Scotiabank analyst P. Colville now expects that the technology infrastructure company will post earnings of $4.12 per share for the year, down from their prior forecast of $4.55. Scotiabank currently has a “Sector Outperform” rating and a $107.00 target price on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.60 per share.

Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a net margin of 12.65% and a return on equity of 14.35%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Several other research analysts also recently commented on the stock. Raymond James cut their price objective on shares of Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Bank of America cut Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $100.00 in a research report on Friday, February 21st. JPMorgan Chase & Co. cut their target price on Akamai Technologies from $76.00 to $72.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Piper Sandler cut Akamai Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $112.00 to $100.00 in a research report on Friday, February 21st. Finally, Citigroup cut their price objective on shares of Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Akamai Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.55.

Akamai Technologies Trading Down 1.1 %

Shares of AKAM opened at $81.85 on Monday. The firm has a market cap of $12.30 billion, a P/E ratio of 25.11, a price-to-earnings-growth ratio of 2.74 and a beta of 0.68. Akamai Technologies has a fifty-two week low of $75.50 and a fifty-two week high of $110.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.33 and a current ratio of 1.23. The business has a 50-day moving average of $90.27 and a 200 day moving average of $94.99.

Insider Buying and Selling

In other Akamai Technologies news, COO Adam Karon sold 6,431 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $80.49, for a total value of $517,631.19. Following the completion of the sale, the chief operating officer now directly owns 14,239 shares in the company, valued at $1,146,097.11. This trade represents a 31.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $80.92, for a total value of $323,680.00. Following the transaction, the executive vice president now owns 25,211 shares in the company, valued at $2,040,074.12. This trade represents a 13.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,394 shares of company stock valued at $3,019,323 over the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AKAM. First Trust Advisors LP increased its holdings in shares of Akamai Technologies by 15.6% during the fourth quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company’s stock valued at $489,383,000 after acquiring an additional 690,341 shares in the last quarter. Norges Bank bought a new stake in Akamai Technologies during the 4th quarter valued at about $477,454,000. Geode Capital Management LLC raised its holdings in Akamai Technologies by 5.1% in the third quarter. Geode Capital Management LLC now owns 4,197,009 shares of the technology infrastructure company’s stock worth $423,066,000 after buying an additional 202,746 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Akamai Technologies by 3.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,427,580 shares of the technology infrastructure company’s stock worth $232,198,000 after buying an additional 81,744 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Akamai Technologies by 2.7% during the fourth quarter. Earnest Partners LLC now owns 2,215,735 shares of the technology infrastructure company’s stock valued at $211,935,000 after buying an additional 58,013 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

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.