Akamai Technologies (AKAM) Ascends But Remains Behind Market: Some Facts to Note

Stock Performance - Akamai Technologies closed at $91 01, marking a +0 56% move from the previous day, trailing the S&P 500's gain of 1%, the Dow's gain of 0 78%, and the Nasdaq's gain of 1 51% [1] - Over the past month, shares of Akamai Technologies depreciated by 4 31%, underperforming the Computer and Technology sector's loss of 4 13% and the S&P 500's loss of 2 14% [1] Earnings and Revenue Projections - Akamai Technologies' upcoming earnings report is expected on February 20, 2025, with projected earnings per share (EPS) of$ 1 52, reflecting a 10 06% decrease from the same quarter last year [1] - The company's revenue is projected to be $1 01 billion, reflecting a 2% rise from the equivalent quarter last year [1] Analyst Estimates and Zacks Rank - Recent modifications to analyst estimates for Akamai Technologies reflect the latest short-term business trends, with upbeat changes indicating a favorable outlook on the company's business health and profitability [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has an impressive track record, with 1 stocks generating an average annual return of +25% since 1988 [4] - Akamai Technologies currently has a Zacks Rank of 3 (Hold), and the Zacks Consensus EPS estimate has shifted 0 74% upward over the past month [4] Valuation Metrics - Akamai Technologies has a Forward P/E ratio of 13 39, signifying a discount compared to the industry average of 22 2 [5] - The company's PEG ratio is 2 2, higher than the industry average of 1 53, indicating a higher valuation relative to expected earnings growth [5] Industry Overview - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 56, placing it in the top 23% of all industries [6] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]