Scotiabank Lowers Earnings Estimates for Akamai Technologies

Akamai Technologies, Inc. (NASDAQ:AKAM) – Scotiabank reduced their FY2025 earnings estimates for Akamai Technologies in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Colville now anticipates that the technology infrastructure company will post earnings of $4.12 per share for the year, down from their prior forecast of $4.55. Scotiabank has a “Sector Outperform” rating and a $107.00 price target on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.60 per share.

Several other analysts have also recently weighed in on AKAM. Susquehanna decreased their price objective on shares of Akamai Technologies from $110.00 to $105.00 and set a “positive” rating on the stock in a research note on Friday, February 21st. Raymond James reduced their target price on shares of Akamai Technologies from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Craig Hallum lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Friday, February 21st. Royal Bank of Canada reduced their target price on shares of Akamai Technologies from $100.00 to $90.00 and set a “sector perform” rating on the stock in a research report on Friday, February 21st. Finally, Bank of America lowered shares of Akamai Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $100.00 in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.55.

Akamai Technologies Price Performance

Shares of Akamai Technologies stock opened at $81.04 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.74 and a beta of 0.68. Akamai Technologies has a 1-year low of $75.50 and a 1-year high of $110.14. The firm’s 50-day moving average price is $90.58 and its two-hundred day moving average price is $95.21.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Thursday, February 20th. The technology infrastructure company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.33). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%.

Hedge Funds Weigh In On Akamai Technologies

Several hedge funds have recently bought and sold shares of AKAM. Itau Unibanco Holding S.A. grew its holdings in shares of Akamai Technologies by 99.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 469 shares of the technology infrastructure company’s stock valued at $45,000 after purchasing an additional 234 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Akamai Technologies during the 4th quarter valued at approximately $49,000. Bruce G. Allen Investments LLC grew its holdings in shares of Akamai Technologies by 38.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 554 shares of the technology infrastructure company’s stock valued at $53,000 after purchasing an additional 155 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Akamai Technologies during the 4th quarter valued at approximately $57,000. Finally, LRI Investments LLC grew its holdings in shares of Akamai Technologies by 500.0% during the 4th quarter. LRI Investments LLC now owns 624 shares of the technology infrastructure company’s stock valued at $60,000 after purchasing an additional 520 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of Akamai Technologies stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $80.92, for a total value of $323,680.00. Following the completion of the sale, the executive vice president now owns 25,211 shares in the company, valued at $2,040,074.12. The trade was a 13.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mani Sundaram sold 10,683 shares of Akamai Technologies stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $86.52, for a total transaction of $924,293.16. Following the completion of the sale, the executive vice president now owns 23,988 shares of the company’s stock, valued at $2,075,441.76. This trade represents a 30.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,394 shares of company stock worth $3,019,323. 1.80% of the stock is owned by insiders.

Akamai Technologies Company Profile

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.