Analysts See $0.51 EPS for Akamai Technologies, Inc. (AKAM)

April 24, 2018 - By Migdalia James

Akamai Technologies, Inc. (NASDAQ:AKAM) LogoInvestors sentiment decreased to 0.82 in 2017 Q4. Its down 0.17, from 0.99 in 2017Q3. It dived, 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.
Ahl Prns Limited Liability Partnership owns 102,283 shares. Clifford Swan Invest Counsel Ltd Liability Corp reported 0.27% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Tarbox Family Office invested in 96 shares. Atlantic Group Lc, Georgia-based fund reported 99 shares. Carret Asset Management Llc owns 11,950 shares or 0.12% of their US portfolio. Utd Serv Automobile Association reported 124,735 shares. Commercial Bank Of Montreal Can has 96,287 shares for 0.01% of their portfolio. Champlain Prtn Limited Co holds 0.63% or 853,445 shares. Ww Asset Mngmt stated it has 0.03% in Akamai Technologies, Inc. (NASDAQ:AKAM). Panagora Asset Mgmt Incorporated has 0.08% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 315,067 shares. 343,980 were accumulated by Mitsubishi Ufj Trust Banking Corp. Teacher Retirement Systems Of Texas has 0.02% invested in Akamai Technologies, Inc. (NASDAQ:AKAM). Delta Asset Mngmt Limited Liability Corporation Tn reported 44 shares or 0% of all its holdings. Btim Corporation invested in 149,380 shares or 0.14% of the stock. Bbva Compass Natl Bank Inc holds 0.07% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 17,628 shares.

Since December 13, 2017, it had 1 buying transaction, and 8 insider sales for $5.90 million activity. Shares for $536,228 were sold by MCCONNELL RICK M. $350,000 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) was sold by Wheaton William on Monday, March 5. The insider Blumofe Robert sold 8,379 shares worth $593,317. Another trade for 17,537 shares valued at $999,784 was made by LEIGHTON F THOMSON on Friday, December 15.

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. Credit Suisse upgraded Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Monday, December 18. Credit Suisse has “Buy” rating and $75.0 target. The firm has “Hold” rating given on Monday, December 18 by Robert W. Baird. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Buy” rating given on Tuesday, March 6 by Deutsche Bank. The company was maintained on Friday, March 9 by Robert W. Baird. Guggenheim maintained the stock with “Buy” rating in Tuesday, January 30 report. B. Riley & Co maintained the shares of AKAM in report on Wednesday, October 25 with “Buy” rating. The firm has “Buy” rating given on Monday, December 18 by FBR Capital. On Wednesday, January 3 the stock rating was maintained by Robert W. Baird with “Hold”. As per Wednesday, December 6, the company rating was maintained by SunTrust. The stock has “Overweight” rating by JP Morgan on Friday, March 9.

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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