Akamai Technologies, Inc. (AKAM) EPS Estimated At $0.45

January 22, 2018 - By Marguerite Chambers

 Akamai Technologies, Inc. (AKAM) EPS Estimated At $0.45
Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.24, from 0.75 in 2017Q2. It improved, as 51 investors sold Akamai Technologies, Inc. shares while 138 reduced holdings. 38 funds opened positions while 150 raised stakes. 138.17 million shares or 0.41% less from 138.74 million shares in 2017Q2 were reported.
Comm Bankshares owns 0% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 4,254 shares. 6,854 are held by Prelude Cap Management Limited Co. Sweden-based Nordea Invest Management Ab has invested 0% in Akamai Technologies, Inc. (NASDAQ:AKAM). State Common Retirement Fund holds 371,600 shares. Guardian Life Of America stated it has 0% in Akamai Technologies, Inc. (NASDAQ:AKAM). Soros Fund Mgmt Lc accumulated 7,900 shares. Sei Invests holds 66,485 shares. Chevy Chase Tru Inc, Maryland-based fund reported 150,009 shares. Texas Permanent School Fund stated it has 47,506 shares or 0.03% of all its holdings. Regions Fin Corporation accumulated 0.01% or 14,318 shares. Toronto Dominion Financial Bank holds 0.01% or 65,086 shares in its portfolio. Herald Inv Management Ltd stated it has 0.24% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Tower Capital Limited Co (Trc) stated it has 0.01% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). The New York-based Millennium Mngmt Limited Liability Co has invested 0.02% in Akamai Technologies, Inc. (NASDAQ:AKAM). Utah Retirement System has 0.03% invested in Akamai Technologies, Inc. (NASDAQ:AKAM).

Since October 2, 2017, it had 1 buy, and 5 sales for $3.86 million activity. Shares for $999,784 were bought by LEIGHTON F THOMSON on Friday, December 15. Wheaton William had sold 10,000 shares worth $662,900 on Monday, December 18.

Analysts expect Akamai Technologies, Inc. (NASDAQ:AKAM) to report $0.45 EPS on February, 6.They anticipate $0.10 EPS change or 18.18 % from last quarter’s $0.55 EPS. AKAM’s profit would be $76.12M giving it 36.46 P/E if the $0.45 EPS is correct. After having $0.41 EPS previously, Akamai Technologies, Inc.’s analysts see 9.76 % EPS growth. The stock increased 0.85% or $0.55 during the last trading session, reaching $65.63. About 1.37M shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since January 22, 2017 and is downtrending. It has underperformed by 23.21% the S&P500.

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

Among 29 analysts covering Akamai Tech (NASDAQ:AKAM), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Akamai Tech had 80 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, October 28 the stock rating was downgraded by Canaccord Genuity to “Hold”. The company was downgraded on Wednesday, October 28 by Craig Hallum. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Outperform” rating by Wells Fargo on Friday, August 12. On Thursday, March 24 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. B. Riley & Co maintained Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, October 25 with “Buy” rating. The company was maintained on Wednesday, October 26 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, October 26 by Stifel Nicolaus. FBR Capital upgraded Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, October 26 to “Mkt Perform” rating. As per Wednesday, January 11, the company rating was initiated by Wells Fargo. As per Tuesday, December 19, the company rating was upgraded by Craig Hallum.

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 $11.10 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 39.25 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.

More notable recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Bostonglobe.com which released: “Cambridge’s Akamai reportedly considering sale” on January 11, 2018, also Bloomberg.com with their article: “Akamai Is Working With Morgan Stanley on Strategic Review” published on January 09, 2018, Benzinga.com published: “KeyBanc: Despite Activist Involvement, An Akamai Takeover Is Unlikely” on January 11, 2018. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Prnewswire.com and their article: “Akamai Named a 2018 Thomson Reuters Top 100 Global Technology Leader” published on January 17, 2018 as well as Prnewswire.com‘s news article titled: “Akamai Appoints Fari Ebrahimi As Chief Information Officer” with publication date: January 04, 2018.

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