Akamai Technologies (AKAM) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.29%. A quarter ago, it was expected that this cloud services provider would post earnings of $1.51 per share when it actually produced earnings of $1.63, delivering a surprise of 7.95%.Over the last four quar ...

New initiative, code-named Gecko, accelerates Akamai's build-out of the world's most distributed cloud computing platformCAMBRIDGE, Mass., Feb. 13, 2024 /PRNewswire/ -- Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, today unveiled plans to embed cloud computing capabilities into its massive edge network. Akamai's Generalized Edge Compute (Gecko) advances Akamai's strategy to be the cloud computing platform for companies that want to deliver better experiences by ...

Yesterday, subscribers to our Schaeffer's Weekend Player service scored a 178% profit with our recommended Akamai Technologies, Inc. (NASDAQ:AKAM) February 110 call. Their patience paid off, as it took roughly three months to see such a hefty return. Below, we'll explain why we recommended the bullish position, and how the trade played out so quickly.At the time of our recommendation in November, a solid earnings report was keeping wind at AKAM's back, pushing it near an all-time high and taking its year-to ...

Investors are always looking for stocks that are poised to beat at earnings season and Akamai Technologies, Inc. (AKAM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Akamai is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty g ...

Akamai Technologies, Inc. (AKAM) is scheduled to release fourth-quarter 2023 results on Feb 13, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 7.95%. It pulled off a trailing four-quarter earnings surprise of 6.89%, on average. The company is expected to witness a top-line expansion year over year, owing to healthy demand trends in several business verticals.Factors at PlayDuring the quarter, Akamai announced that it has introduced its Client-Side Protect ...

Wall Street analysts expect Akamai Technologies (AKAM) to post quarterly earnings of $1.59 per share in its upcoming report, which indicates a year-over-year increase of 16.1%. Revenues are expected to be $997.61 million, up 7.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. ...

The first scraper-specific product tailored to the unique characteristics of scraping attacks. CAMBRIDGE, Mass., Feb. 6, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Content Protector, a product that stops scraping attacks without blocking the good traffic that companies need to enhance their business. Scraper bots are a critical and often productive part of the commerce ecosystem. These bots search ...

hapabapa Introduction There aren't many companies that can accelerate their revenue in such a challenging macro environment. Akamai (NASDAQ:AKAM), is one of them. The company delivered great results in the 3rd quarter of 2023, beating analysts' expectations on both the top and bottom lines. Revenue grew 9% year-over-year to $965 million, driven by strong performance in security and compute solutions, which represented 61% of total revenue and grew 20% year-over-year. EPS increased 29% year-over-year to $1.6 ...

Akamai Technologies (AKAM) closed at $124.66 in the latest trading session, marking a +0.1% move from the prior day. This change outpaced the S&P 500's 0.06% loss on the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.Heading into today, shares of the cloud services provider had gained 5.22% over the past month, lagging the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36% in that time.Analysts and invest ...

Group 1 - Akamai Technologies (AKAM) ended the latest trading session at $123.76, reflecting a +0.43% change, outperforming the S&P 500's daily gain of 0.08% [1] - Over the past month, Akamai's shares gained 3.14%, underperforming the Computer and Technology sector's gain of 4.29% but outperforming the S&P 500's gain of 2.4% [1] - The upcoming earnings release on February 13, 2024, is anticipated, with projected earnings per share (EPS) of $1.59, indicating a 16.06% increase year-over-year, and revenue estimates of $997.61 million, up 7.53% from the previous year [1] Group 2 - Recent analyst estimate revisions for Akamai Technologies indicate a positive outlook, with the Zacks Consensus EPS estimate moving 0.09% higher over the past month [2] - Akamai Technologies currently holds a Zacks Rank of 3 (Hold), which reflects its performance relative to other stocks [2] - The Zacks Rank system has shown that 1 stocks have contributed an average annual return of +25% since 1988, indicating the potential for strong performance based on estimate revisions [2] Group 3 - Akamai Technologies has a Forward P/E ratio of 18.28, which is lower than the industry average of 25.98, suggesting a valuation discount [3] - The company's PEG ratio stands at 1.88, compared to the Internet - Services industry's average PEG ratio of 2.34, indicating favorable growth expectations relative to its valuation [3] - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 106, placing it in the top 43% of over 250 industries [3]