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

January 22, 2018 - By Nellie Frank

 EPS for Akamai Technologies, Inc. (AKAM) Expected At $0.45
Investors sentiment increased to 0.99 in Q3 2017. Its up 0.24, from 0.75 in 2017Q2. It is positive, 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.
Adage Capital Group Ltd Liability Corp stated it has 244,900 shares. Korea accumulated 0.02% or 83,255 shares. Voya Inv Llc holds 0.01% or 92,017 shares. Ahl Prtn Llp holds 0.18% or 206,188 shares in its portfolio. Sg Americas Securities Ltd Liability invested 0.05% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Palisade Capital Management Lc Nj has invested 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). Stifel Financial has invested 0.04% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Commerzbank Aktiengesellschaft Fi has 0.08% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 123,008 shares. New York-based Kings Point Capital Mngmt has invested 0.01% in Akamai Technologies, Inc. (NASDAQ:AKAM). Jane Street Group Limited Liability Co holds 37,906 shares or 0.01% of its portfolio. Kentucky Retirement Systems, a Kentucky-based fund reported 10,615 shares. Blair William & Comm Il invested in 0.04% or 115,553 shares. Choate Invest Advsr reported 0.46% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). First Quadrant L P Ca holds 0.16% in Akamai Technologies, Inc. (NASDAQ:AKAM) or 173,721 shares. M&T National Bank & Trust stated it has 0% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM).

Since October 2, 2017, it had 1 buying transaction, and 5 insider sales for $3.86 million activity. Wheaton William sold $498,100 worth of stock or 10,000 shares. 17,537 shares were bought by LEIGHTON F THOMSON, worth $999,784.

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. The rating was maintained by Macquarie Research with “Neutral” on Tuesday, November 3. The firm earned “Hold” rating on Wednesday, December 6 by SunTrust. The rating was downgraded by Cowen & Co on Wednesday, October 28 to “Market Perform”. As per Thursday, January 11, the company rating was downgraded by KeyBanc Capital Markets. Nomura maintained it with “Neutral” rating and $47 target in Tuesday, September 5 report. As per Monday, December 18, the company rating was upgraded by Credit Suisse. As per Sunday, October 8, the company rating was maintained by RBC Capital Markets. As per Wednesday, October 28, the company rating was downgraded by Craig Hallum. As per Wednesday, July 27, the company rating was maintained by Goldman Sachs. The rating was downgraded by Craig Hallum to “Hold” on Wednesday, April 27.

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: Bloomberg.com which released: “Akamai Is Working With Morgan Stanley on Strategic Review” on January 09, 2018, also Prnewswire.com with their article: “Akamai Named a 2018 Thomson Reuters Top 100 Global Technology Leader” published on January 17, 2018, Seekingalpha.com published: “JPMorgan sees 24% upside if Akamai takes these paths” on January 10, 2018. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) were released by: Prnewswire.com and their article: “Morning Technical Insight on These Internet Stocks — Remark, Akamai …” published on January 19, 2018 as well as Benzinga.com‘s news article titled: “KeyBanc: Despite Activist Involvement, An Akamai Takeover Is Unlikely” with publication date: January 11, 2018.

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