Akamai Technologies Company Profile (NASDAQ:AKAM)

Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM."

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The firm earned $609.24 million during the quarter, compared to the consensus estimate of $604.94 million. Akamai Technologies had a net margin of 13.51% and a return on equity of 11.45%. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Monday, July, 24th 2017. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on its second quarter earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $0.59-0.61 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.65. The company issued revenue guidance of $597-609 million, compared to the consensus revenue estimate of $623.31 million.

23 brokerages have issued 12-month price targets for Akamai Technologies' stock. Their forecasts range from $47.00 to $90.00. On average, they anticipate Akamai Technologies' stock price to reach $66.21 in the next year. View Analyst Ratings for Akamai Technologies.

Here are some recent quotes from research analysts about Akamai Technologies stock:

• 1. According to Zacks Investment Research, "Akamai's recently announced first-quarter 2017 results reflected intensifying competition and pricing pressure. Moreover, plunging revenues from the large Internet companies remain a concern for the company’s media delivery business. Further, the recently launched products  will take some time to fully penetrate the market. Hence, we don’t expect revenue growth to accelerate at least in the near term. We note that the stock has underperformed the broader market on a year-to-date basis. Nevertheless, Akamai is likely to benefit from the rising demand for cloud infrastructure solutions, security, mobile products and online video. Additionally, the company is likely to gain from strong foothold in the web applications domain. New products like Enterprise Application Access (EAA) and the Enterprise Threat Protector (ETP) service will expand customer base going ahead." (5/8/2017)
• 2. Robert W. Baird analysts commented, "significant overhang" in the stock over the medium term.2. Street Is Overly OptimisticSecond, Power believes the Street's forecast of a flat third-quarter sequential media revenue estimate of $173 million is too high. Also, the analyst's full-year revenue estimate of $2.47 billion and earnings per share of $2.47 are below the Street's current estimates of $2.50 billion and $2.56 per share.3. $100 Million In Revenue At RiskThird, the analyst noted that the top six internet platform companies account for just 8.4 percent of revenue, and further declines to a 4 to 5 percent range could shave another $100 million of total revenue.4. Margin ConcernsFourth, Akamai's EBITDA margins have "steadily" declined from 43.4 percent in 2014 to 37.4 percent in 2017.5. Fair ValuationFinally, the analyst argued Akamai's stock is trading near his 20x 2018 earnings per share valuation, which is "fair" given the company's moderating top-line growth combined with lower earnings per share in 2017.Related Links:A Peek Into The Markets: U.S. Stock Futures Mostly Flat; All Eyes On Jobs ReportT-Mobile: Market Share Gains Continue, Time To Talk M&A? ________Image Credit: Derived from "Akamai Technologies" (5/5/2017)
• 3. FBR & Co analysts commented, "Facing lofty expectations, AKAM delivered solid 4Q16 results that beat consensus’ estimates. The performance and security solutions segment again achieved double-digit growth: 16.7% YOY . The 1Q17 EBITDA margin guidance of 39%–40% bracketed consensus of 39.8%, but guidance for elevated capex and an EBITDA margin contraction in the securities products segment was a surprise. Specifically, management guided the EBITDA margin down, from the low-40% range to the high-30% range" in FY17 (and perhaps beyond) until new securities products scale. Management is in a race to gain market share as quickly as possible in this fast- moving, but high-growth, segment. The bulk of securities growth has come from the installed base. As the largest Internet platform customers’ revenue contributions diminish, management needs to expand the securities base to replace lost media delivery revenues." (2/8/2017)

Some companies that are related to Akamai Technologies include Weibo Corp (WB), Twitter (TWTR), Yandex NV (YNDX), Verisign (VRSN), Momo (MOMO), 58.com (WUBA), Tripadvisor (TRIP), Autohome (ATHM), GrubHub (GRUB), Criteo SA (CRTO), Wix.Com Ltd (WIX), YY (YY), Bitauto Hldg Ltd (BITA), Yelp (YELP), Groupon (GRPN), Sohu.com (SOHU), Fang Holdings Ltd (SFUN) and Web.com Group (WEB).

Akamai Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (0.00%), FMR LLC (0.00%), First Trust Advisors LP (1.97%), Ameriprise Financial Inc. (1.97%), Blue Harbour Group L.P. (1.65%) and AQR Capital Management LLC (1.47%). Company insiders that own Akamai Technologies stock include F Thomson Leighton, James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe, Robert W Hughes and Steven Scopellite. View Institutional Ownership Trends for Akamai Technologies.

Akamai Technologies' stock was sold by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, Canada Pension Plan Investment Board, Metropolitan Life Insurance Co. NY, Massachusetts Financial Services Co. MA, BB&T Securities LLC, Kornitzer Capital Management Inc. KS, First Quadrant L P CA and Putnam FL Investment Management Co.. Company insiders that have sold Akamai Technologies stock in the last year include James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and Steven Scopellite. View Insider Buying and Selling for Akamai Technologies.

Akamai Technologies' stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Ameriprise Financial Inc., FIL Ltd, Penserra Capital Management LLC, First Trust Advisors LP, Vanguard Group Inc., Fairpointe Capital LLC and Janus Capital Management LLC. View Insider Buying and Selling for Akamai Technologies.

Shares of Akamai Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Akamai Technologies stock can currently be purchased for approximately $47.62.