Akamai Technologies (NASDAQ:AKAM) Announces Quarterly Earnings Results

Akamai Technologies (NASDAQ:AKAM) posted its earnings results on Thursday. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33), Zacks reports. Akamai Technologies had a return on equity of 14.63% and a net margin of 13.27%. Akamai Technologies updated its Q1 2025 guidance to 1.540-1.590 EPS and its FY 2025 guidance to 6.000-6.400 EPS.

Akamai Technologies Stock Performance

NASDAQ:AKAM traded down $2.21 during mid-day trading on Thursday, reaching $98.05. The company’s stock had a trading volume of 3,033,388 shares, compared to its average volume of 1,762,445. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The stock has a market cap of $14.73 billion, a P/E ratio of 29.01, a PEG ratio of 3.55 and a beta of 0.65. The firm’s fifty day moving average price is $96.64 and its two-hundred day moving average price is $97.96. Akamai Technologies has a 12-month low of $84.70 and a 12-month high of $113.36.

Analyst Upgrades and Downgrades

AKAM has been the topic of several recent research reports. Oppenheimer raised Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research note on Monday, December 2nd. HSBC upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Monday, November 11th. Evercore ISI reissued an “outperform” rating and set a $110.00 price target on shares of Akamai Technologies in a research report on Tuesday, December 17th. Citigroup cut their price objective on shares of Akamai Technologies from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Robert W. Baird lowered their target price on shares of Akamai Technologies from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.95.

Insider Activity

In other Akamai Technologies news, Director William Raymond Wagner sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $93.38, for a total transaction of $93,380.00. Following the completion of the sale, the director now directly owns 15,719 shares in the company, valued at $1,467,840.22. The trade was a 5.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Edward J. Mcgowan sold 10,782 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $98.71, for a total transaction of $1,064,291.22. Following the completion of the transaction, the chief financial officer now owns 12,716 shares in the company, valued at $1,255,196.36. This trade represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,782 shares of company stock valued at $1,523,951 in the last 90 days. 1.80% of the stock is currently owned by insiders.

About Akamai Technologies

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.