Akamai Technologies (NASDAQ:AKAM – Get Free Report) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.540-1.590 for the period, compared to the consensus estimate of 1.660. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Akamai Technologies also updated its FY 2025 guidance to 6.000-6.400 EPS.
Wall Street Analyst Weigh In
AKAM has been the subject of several research analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Akamai Technologies in a report on Tuesday, December 17th. Robert W. Baird cut their price target on Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. UBS Group assumed coverage on shares of Akamai Technologies in a research note on Monday, December 16th. They set a “neutral” rating and a $110.00 target price for the company. Bank of America downgraded Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $100.00 in a research note on Friday. Finally, TD Cowen lowered Akamai Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $98.00 in a research report on Friday. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.42.
Check Out Our Latest Stock Report on Akamai Technologies
Akamai Technologies Stock Performance
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. On average, sell-side analysts anticipate that Akamai Technologies will post 4.28 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Paul C. Joseph sold 4,000 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.57, for a total transaction of $366,280.00. Following the sale, the executive vice president now owns 23,104 shares of the company’s stock, valued at approximately $2,115,633.28. The trade was a 14.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Raymond Wagner sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $93.38, for a total value of $93,380.00. Following the completion of the transaction, the director now directly owns 15,719 shares in the company, valued at approximately $1,467,840.22. This trade represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,782 shares of company stock worth $1,523,951. 1.80% of the stock is owned by corporate insiders.
Akamai Technologies Company Profile
Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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