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, July, 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.60 by $0.02. The company had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. Akamai Technologies had a net margin of 9.49% and a return on equity of 7.08%. Akamai Technologies's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 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.

23 analysts have issued 1 year price targets for Akamai Technologies' shares. Their forecasts range from $46.00 to $90.00. On average, they anticipate Akamai Technologies' share price to reach $60.00 in the next twelve months. 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 top-line growth continues to be negatively impacted by lower revenues from the large Internet Platform group companies. The newly launched products  will take some more time to generate meaningful growth. We note that the stock has underperformed the industry on a year-to-date basis. Moreover, estimates have been going down ahead of the company's Q3 earnings release. However, we believe Akamai is likely to benefit from the rising demand for cloud infrastructure solutions, security, mobile products and online video. Moreover, the expanding security portfolio including Kona Site Defender, Prolexic, Bot Manager and Web Application Protector is the key catalyst. The recently announced Nominum buyout will boost carrier and enterprise customer base in the long haul." (10/16/2017)
• 2. B. Riley analysts commented, "We believe the volatile CDN/Media segment will be ~20% of revenue by YE18, while the SaaS/ Security segment should be ~70% of revenue, growing in the low double digit range with industry leading margins." (10/12/2017)
• 3. 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)
• 4. 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), LogMein (LOGM), Booz Allen Hamilton Holding Corporation (BAH), CSRA (CSRA), GoDaddy (GDDY), Aspen Technology (AZPN), EPAM Systems (EPAM), Medidata Solutions (MDSO) and Proofpoint (PFPT).

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 PGGM Investments (0.11%), Shell Asset Management Co. (0.02%), Moloney Securities Asset Management LLC (0.01%) and Robeco Institutional Asset Management B.V. (0.01%). 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, Steven Scopellite and William Wheaton. View Institutional Ownership Trends for Akamai Technologies.

Akamai Technologies' stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Moloney Securities Asset Management LLC and Robeco Institutional Asset Management B.V.. 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, Steven Scopellite and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

Akamai Technologies' stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. 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 $51.87.