Akamai Technologies (AKAM) Projected to Post Quarterly Earnings on Thursday

Akamai Technologies (NASDAQ:AKAM) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Akamai Technologies to post earnings of $1.52 per share and revenue of $1.02 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Akamai Technologies Trading Down 0.3 %

NASDAQ AKAM opened at $101.06 on Thursday. The stock has a market cap of $15.18 billion, a PE ratio of 29.90, a PEG ratio of 3.56 and a beta of 0.65. Akamai Technologies has a 12 month low of $84.70 and a 12 month high of $126.78. The company’s 50-day moving average price is $96.52 and its 200-day moving average price is $97.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

A number of equities analysts have commented on AKAM shares. Robert W. Baird dropped their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. HSBC raised Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Monday, November 11th. Oppenheimer raised Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research report on Monday, December 2nd. Citigroup dropped their price target on Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group assumed coverage on Akamai Technologies in a report on Monday, December 16th. They issued a “neutral” rating and a $110.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.10.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $88.61, for a total value of $221,525.00. Following the sale, the chief technology officer now owns 19,510 shares in the company, valued at $1,728,781.10. This represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul C. Joseph sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $88.63, for a total transaction of $354,520.00. Following the transaction, the executive vice president now directly owns 26,703 shares of the company’s stock, valued at $2,366,686.89. This represents a 13.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,282 shares of company stock valued at $2,099,996 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Akamai Technologies Company Profile

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.