Akamai Technologies, Inc. (NASDAQ:AKAM) – Analysts at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for Akamai Technologies in a research report issued on Wednesday. DA Davidson analyst M. Kelleher now anticipates that the technology infrastructure company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.47. DA Davidson currently has a “Neutral” rating and a $64.00 target price on the stock. DA Davidson also issued estimates for Akamai Technologies’ Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.54 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.20 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.64 EPS.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. The firm had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $649.08 million. During the same period last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year.

AKAM has been the topic of a number of other reports. BidaskClub raised Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. MKM Partners raised their price objective on Akamai Technologies to $65.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research cut Akamai Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $60.00 price objective on shares of Akamai Technologies in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.95.

Akamai Technologies (NASDAQ:AKAM) opened at $64.93 on Monday. Akamai Technologies has a 12 month low of $44.65 and a 12 month high of $69.56. The stock has a market capitalization of $10,847.70, a PE ratio of 51.94, a PEG ratio of 2.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 2.82.

In other news, insider William Wheaton sold 10,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $66.29, for a total transaction of $662,900.00. Following the completion of the sale, the insider now directly owns 32,319 shares in the company, valued at $2,142,426.51. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Rick M. Mcconnell sold 48,369 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $56.83, for a total transaction of $2,748,810.27. Following the sale, the insider now owns 45,974 shares of the company’s stock, valued at $2,612,702.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,112 shares of company stock valued at $3,562,575. 3.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC lifted its holdings in Akamai Technologies by 9.0% in the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after buying an additional 168 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Akamai Technologies by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock worth $5,329,000 after buying an additional 788 shares during the period. Suntrust Banks Inc. lifted its holdings in Akamai Technologies by 19.6% in the fourth quarter. Suntrust Banks Inc. now owns 5,054 shares of the technology infrastructure company’s stock worth $328,000 after buying an additional 829 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Akamai Technologies by 2.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 32,822 shares of the technology infrastructure company’s stock worth $2,135,000 after buying an additional 937 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Akamai Technologies by 19.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,696 shares of the technology infrastructure company’s stock worth $334,000 after buying an additional 1,078 shares during the period. Institutional investors and hedge funds own 86.29% of the company’s stock.

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Akamai Technologies Company Profile

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

Earnings History and Estimates for Akamai Technologies (NASDAQ:AKAM)

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