Akamai Technologies (AKAM) Exceeds Market Returns: Some Facts to Consider

Group 1 - Akamai Technologies (AKAM) ended the latest trading session at $123.76, reflecting a +0.43$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]