Akamai Technologies, Inc. (NASDAQ:AKAM) – Investment analysts at SunTrust Banks issued their Q1 2021 earnings per share estimates for shares of Akamai Technologies in a research note issued on Wednesday, February 12th. SunTrust Banks analyst G. Miller expects that the technology infrastructure company will earn $1.02 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $108.00 target price on the stock. SunTrust Banks also issued estimates for Akamai Technologies’ Q2 2021 earnings at $1.00 EPS, Q3 2021 earnings at $1.08 EPS, Q4 2021 earnings at $1.18 EPS and FY2021 earnings at $4.28 EPS.

Several other equities research analysts have also recently commented on AKAM. B. Riley boosted their target price on Akamai Technologies from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday. ValuEngine downgraded Akamai Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada upped their target price on Akamai Technologies from $83.00 to $91.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on Akamai Technologies from $106.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Needham & Company LLC upped their target price on Akamai Technologies from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the stock. Akamai Technologies has an average rating of “Buy” and an average price target of $100.26.

NASDAQ AKAM traded up $0.45 during trading on Friday, hitting $100.05. The stock had a trading volume of 51,510 shares, compared to its average volume of 1,301,158. The company has a market capitalization of $15.47 billion, a PE ratio of 36.38, a P/E/G ratio of 2.13 and a beta of 0.53. The company’s 50-day moving average price is $92.98 and its two-hundred day moving average price is $89.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.74 and a current ratio of 3.74. Akamai Technologies has a 12 month low of $67.28 and a 12 month high of $103.29.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, February 11th. The technology infrastructure company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. The business had revenue of $772.12 million during the quarter, compared to the consensus estimate of $749.76 million. During the same quarter in the prior year, the company posted $1.07 earnings per share.

Hedge funds have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its stake in Akamai Technologies by 10.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 45,828 shares of the technology infrastructure company’s stock valued at $3,959,000 after buying an additional 4,247 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Akamai Technologies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 13,629 shares of the technology infrastructure company’s stock valued at $1,177,000 after acquiring an additional 260 shares during the period. 361 Capital LLC increased its stake in shares of Akamai Technologies by 162.1% in the fourth quarter. 361 Capital LLC now owns 13,095 shares of the technology infrastructure company’s stock valued at $1,131,000 after buying an additional 8,098 shares in the last quarter. Level Four Advisory Services LLC increased its stake in shares of Akamai Technologies by 27.3% in the fourth quarter. Level Four Advisory Services LLC now owns 14,375 shares of the technology infrastructure company’s stock valued at $6,888,000 after buying an additional 3,079 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Akamai Technologies in the fourth quarter valued at $1,217,000. Hedge funds and other institutional investors own 89.32% of the company’s stock.

In related news, Director Bernardus Johannes M. Verwaayen sold 25,062 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $87.74, for a total value of $2,198,939.88. Following the sale, the director now directly owns 25,062 shares of the company’s stock, valued at $2,198,939.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Akamai Technologies Company Profile

Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.

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

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