Akamai Technologies, Inc. (AKAM) EPS Estimated At $0.51

April 24, 2018 - By Vivian Currie

Akamai Technologies, Inc. (NASDAQ:AKAM) LogoInvestors sentiment decreased to 0.82 in 2017 Q4. Its down 0.17, from 0.99 in 2017Q3. It worsened, as 45 investors sold Akamai Technologies, Inc. shares while 173 reduced holdings. 79 funds opened positions while 99 raised stakes. 142.18 million shares or 2.90% more from 138.17 million shares in 2017Q3 were reported.
Sumitomo Mitsui Tru Hldgs holds 0.04% or 485,189 shares in its portfolio. Dnb Asset Mngmt As holds 15,406 shares or 0.01% of its portfolio. Deutsche National Bank Ag invested 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Globeflex Limited Partnership has invested 0.26% in Akamai Technologies, Inc. (NASDAQ:AKAM). British Columbia Inv Mgmt Corporation reported 75,044 shares. Jane Street Group Inc Limited Co accumulated 0.01% or 52,712 shares. Element Management Limited has 380,591 shares for 0.61% of their portfolio. Conning reported 4,574 shares. Saturna holds 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 3,925 shares. Texas Permanent School Fund owns 46,178 shares for 0.04% of their portfolio. Northeast Investment Mngmt reported 1.15% in Akamai Technologies, Inc. (NASDAQ:AKAM). 10,074 were accumulated by Los Angeles Mngmt Equity Inc. Avalon Ltd Liability Corporation reported 3,430 shares. Numeric Invsts Limited Liability Company, Massachusetts-based fund reported 51,400 shares. Shine Advisory Incorporated has 353 shares.

Since December 13, 2017, it had 1 insider buy, and 8 sales for $5.90 million activity. Wheaton William sold $350,000 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) on Monday, March 5. Gemmell James also sold $564,810 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) on Friday, February 16. Another trade for 7,382 shares valued at $536,228 was made by MCCONNELL RICK M on Wednesday, April 18. The insider Blumofe Robert sold 8,379 shares worth $593,317.

Analysts expect Akamai Technologies, Inc. (NASDAQ:AKAM) to report $0.51 EPS on April, 30 after the close.They anticipate $0.02 EPS change or 3.77 % from last quarter’s $0.53 EPS. AKAM’s profit would be $86.69 million giving it 34.78 P/E if the $0.51 EPS is correct. After having $0.50 EPS previously, Akamai Technologies, Inc.’s analysts see 2.00 % EPS growth. The stock decreased 0.99% or $0.71 during the last trading session, reaching $70.96. About 493,408 shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 12.14% since April 24, 2017 and is uptrending. It has outperformed by 0.59% the S&P500.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Coverage

Among 18 analysts covering Akamai (NASDAQ:AKAM), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Akamai had 33 analyst reports since October 25, 2017 according to SRatingsIntel. The rating was maintained by FBR Capital on Wednesday, February 7 with “Buy”. The firm has “Hold” rating given on Tuesday, February 6 by Cowen & Co. Robert W. Baird maintained the stock with “Hold” rating in Monday, December 18 report. As per Wednesday, October 25, the company rating was maintained by Nomura. The firm has “Outperform” rating by Cowen & Co given on Thursday, March 8. The firm has “Buy” rating given on Monday, December 18 by FBR Capital. Morgan Stanley maintained it with “Equal-Weight” rating and $75 target in Thursday, March 29 report. JP Morgan upgraded the shares of AKAM in report on Friday, March 9 to “Overweight” rating. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Buy” rating by Credit Suisse on Monday, December 18. The firm earned “Sell” rating on Tuesday, February 6 by KeyBanc Capital Markets.

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company has market cap of $12.06 billion. The firm offers Web and mobile performance solutions, such as Ion, a situational performance solution that consists of an integrated suite of Web delivery, acceleration, and optimization technologies; Dynamic Site Accelerator that helps in consistent Website performance; IP Application Accelerator to enable enterprises to deliver Internet Protocol applications; Global Traffic Management, a fault-tolerant solution; Image Manager that automatically optimizes online images; and Cloudlets, which provides self-serviceable controls and capabilities. It has a 56.32 P/E ratio. It also provides cloud security solutions, including Kona Site Defender, Bot Manager, Fast Domain Name System, Prolexic Routed, and Client Reputation; enterprise solutions comprising Enterprise Application Access and Akamai Cloud Connect.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Chart

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