Akamai Technologies, Inc. (NASDAQ:AKAM) EVP James Gemmell sold 8,430 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $67.00, for a total value of $564,810.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Akamai Technologies, Inc. (NASDAQ AKAM) opened at $66.89 on Friday. Akamai Technologies, Inc. has a 1-year low of $44.65 and a 1-year high of $69.56. The stock has a market cap of $11,314.58, a P/E ratio of 35.77, a PEG ratio of 2.44 and a beta of 0.71. The company has a current ratio of 2.82, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20.
Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. Akamai Technologies had a net margin of 8.72% and a return on equity of 9.90%. The firm had revenue of $663.50 million during the quarter, compared to analyst estimates of $649.08 million. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. sell-side analysts predict that Akamai Technologies, Inc. will post 2.14 EPS for the current fiscal year.
AKAM has been the topic of several recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $60.00 target price on shares of Akamai Technologies in a research note on Wednesday, October 25th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Akamai Technologies in a research report on Wednesday, October 25th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $62.00 price objective (up from $57.00) on shares of Akamai Technologies in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating on shares of Akamai Technologies in a research report on Wednesday, October 25th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $75.00 price objective on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.95.
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About Akamai Technologies
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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