Q1 Earnings Forecast for AKAM Issued By DA Davidson

Akamai Technologies, Inc. (NASDAQ:AKAM) – Equities researchers at DA Davidson issued their Q1 2025 earnings estimates for shares of Akamai Technologies in a research report issued on Friday, February 21st. DA Davidson analyst R. Kessinger expects that the technology infrastructure company will post earnings per share of $1.05 for the quarter. 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 EPS 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 14.47%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion.

Several other brokerages also recently weighed in on AKAM. Citigroup reduced their price target on Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Evercore ISI restated an “outperform” rating and issued a $110.00 price objective on shares of Akamai Technologies in a report on Tuesday, December 17th. Royal Bank of Canada cut their target price on Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research note on Friday. Raymond James decreased their price target on Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Craig Hallum cut Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.90.

Akamai Technologies Stock Performance

Shares of AKAM stock opened at $76.73 on Monday. 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’s fifty day moving average price is $96.15 and its 200-day moving average price is $97.94. The stock has a market cap of $11.53 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.50 and a beta of 0.65. Akamai Technologies has a 12 month low of $76.50 and a 12 month high of $113.36.

Insider Activity at Akamai Technologies

In related news, CFO Edward J. Mcgowan sold 10,782 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $98.71, for a total value of $1,064,291.22. Following the completion of the transaction, the chief financial officer now owns 12,716 shares of the company’s stock, valued at approximately $1,255,196.36. This represents a 45.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the sale, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This represents a 5.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,782 shares of company stock worth $1,523,951. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in shares of Akamai Technologies by 85.7% during the third quarter. Farther Finance Advisors LLC now owns 247 shares of the technology infrastructure company’s stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in Akamai Technologies by 99.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock worth $45,000 after purchasing an additional 234 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Akamai Technologies during the 4th quarter valued at about $49,000. Bruce G. Allen Investments LLC grew its position in shares of Akamai Technologies by 38.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after purchasing an additional 155 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Akamai Technologies during the fourth quarter valued at approximately $57,000. 94.28% of the stock is currently owned by institutional investors.

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.