Akamai Technologies Company Profile (NASDAQ:AKAM)

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

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Tuesday, July, 25th. The company reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.02. The company earned $608.90 million during the quarter, compared to analyst estimates of $604.51 million. Akamai Technologies had a return on equity of 7.08% and a net margin of 9.49%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 EPS. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Akamai Technologies.

Akamai Technologies updated its third quarter earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $0.57-0.60 for the period, compared to the Thomson Reuters consensus estimate of $0.61. The company issued revenue guidance of $604-616 million, compared to the consensus revenue estimate of $618.87 million.

24 brokers have issued twelve-month price targets for Akamai Technologies' shares. Their predictions range from $46.00 to $90.00. On average, they expect Akamai Technologies' stock price to reach $61.14 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 CGI Group (GIB), Palo Alto Networks (PANW), Total System Services (TSS), Gartner (IT), VeriSign (VRSN), CDW Corporation (CDW), Amdocs Limited (DOX), Jack Henry & Associates (JKHY), F5 Networks (FFIV), Fortinet (FTNT), Black Knight Financial Services (BKFS), LogMein (LOGM), Booz Allen Hamilton Holding Corporation (BAH), CSRA (CSRA), GoDaddy (GDDY), Aspen Technology (AZPN), NCR Corporation (NCR) and EPAM Systems (EPAM).

Akamai Technologies' management team includes the folowing people:

• George H. Conrades, Executive Chairman of the Board
• Rick M. McConnell, President, General Manager- Web Division
• F. Thomson Leighton, Chief Executive Officer, Director
• James Benson, Chief Financial Officer, Chief Accounting Officer
• James Gemmell, Executive Vice President, Chief Human Resource Officer
• Melanie Haratunian, Executive Vice President, General Counsel
• Robert Blumofe, General Manager of the Company's Enterprise & Carrier Division and Executive Vice President of the Akamai Platform organization
• William Wheaton, Executive Vice President, General Manager Media Division
• Frederic Salerno, Lead Independent Director
• Paul L. Sagan, Director

Akamai Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.63%), First Trust Advisors LP (2.82%), Capital Research Global Investors (2.82%), Fairpointe Capital LLC (1.87%), King Luther Capital Management Corp (1.35%) and Thrivent Financial For Lutherans (1.11%). Company insiders that own Akamai Technologies stock include F Thomson Leighton, Frederic V Salerno, 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 Aviva PLC, Capital Research Global Investors, Ameriprise Financial Inc., William Blair Investment Management LLC, Obermeyer Wood Investment Counsel Lllp, BB&T Securities LLC, Stifel Financial Corp and Suntrust Banks Inc.. Company insiders that have sold Akamai Technologies stock in the last year include James Gemmell, James M Benson, Melanie Haratunian, Paul Sagan, Rick M Mcconnell, Robert Blumofe and Steven Scopellite. View Insider Buying and Selling for Akamai Technologies.

Akamai Technologies' stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Janus Henderson Group PLC, Fairpointe Capital LLC, ETF Managers Group LLC, Thrivent Financial For Lutherans, FIL Ltd, Koch Industries Inc. and Eaton Vance Management. Company insiders that have bought Akamai Technologies stock in the last two years include F Thomson Leighton and Frederic V Salerno. 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 $48.33.