Akamai Technologies (NASDAQ:AKAM) Issues FY 2025 Earnings Guidance

Akamai Technologies (NASDAQ:AKAM) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.000-6.400 for the period, compared to the consensus EPS estimate of 6.820. The company issued revenue guidance of $4.0 billion-$4.2 billion, compared to the consensus revenue estimate of $4.3 billion. Akamai Technologies also updated its Q1 2025 guidance to 1.540-1.590 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Scotiabank dropped their price target on shares of Akamai Technologies from $115.00 to $112.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Piper Sandler downgraded Akamai Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $100.00 in a research note on Friday. Bank of America lowered Akamai Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $100.00 in a report on Friday. Oppenheimer upgraded Akamai Technologies from a “market perform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Monday, December 2nd. Finally, TD Cowen downgraded Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $98.00 in a report on Friday. Ten analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.42.

Akamai Technologies Stock Performance

NASDAQ AKAM opened at $98.05 on Friday. Akamai Technologies has a 1-year low of $84.70 and a 1-year high of $113.36. The company has a 50 day moving average of $96.60 and a 200-day moving average of $97.96. 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 firm has a market cap of $14.73 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 3.58 and a beta of 0.65.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.33). Akamai Technologies had a net margin of 13.27% and a return on equity of 14.63%. On average, equities analysts forecast that Akamai Technologies will post 4.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Akamai Technologies

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