Akamai Technologies (NASDAQ:AKAM – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.49-1.56 for the period, compared to the consensus estimate of $1.62. The company issued revenue guidance of $0.995-1.020 billion, compared to the consensus revenue estimate of $1.03 billion.
Akamai Technologies Trading Down 0.3 %
NASDAQ:AKAM traded down $0.31 during midday trading on Thursday, hitting $104.40. 2,559,631 shares of the company traded hands, compared to its average volume of 1,605,662. The firm has a market capitalization of $15.82 billion, a P/E ratio of 25.92, a P/E/G ratio of 3.22 and a beta of 0.68. The firm’s fifty day moving average is $101.07 and its 200-day moving average is $97.26. Akamai Technologies has a 12-month low of $87.59 and a 12-month high of $129.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The firm had revenue of $979.60 million during the quarter, compared to analyst estimates of $977.67 million. During the same quarter last year, the business earned $1.01 EPS. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Akamai Technologies will post 4.42 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on AKAM
Insider Transactions at Akamai Technologies
In other news, EVP Paul C. Joseph sold 4,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total value of $389,200.00. Following the sale, the executive vice president now owns 30,703 shares in the company, valued at $2,987,401.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Akamai Technologies news, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $100.69, for a total value of $251,725.00. Following the completion of the transaction, the chief technology officer now owns 22,010 shares in the company, valued at approximately $2,216,186.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul C. Joseph sold 4,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $97.30, for a total transaction of $389,200.00. Following the sale, the executive vice president now directly owns 30,703 shares in the company, valued at approximately $2,987,401.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,500 shares of company stock valued at $741,655 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Akamai Technologies
- What is the S&P 500 and How It is Distinct from Other Indexes
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- What Are Some of the Best Large-Cap Stocks to Buy?
- Breakout Alert: Qualcomm Just Hit The Rally Button
- 3 Warren Buffett Stocks to Buy Now
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.