Within the newest buying and selling session, Akamai Applied sciences (AKAM) closed at $91.01, marking a +0.56% transfer from the day before today. The inventory trailed the S&P 500, which registered a day by day achieve of 1%. In the meantime, the Dow gained 0.78%, and the Nasdaq, a tech-heavy index, added 1.51%.
Shares of the cloud providers supplier have depreciated by 4.31% over the course of the previous month, underperforming the Pc and Expertise sector’s lack of 4.13% and the S&P 500’s lack of 2.14%.
The upcoming earnings launch of Akamai Applied sciences can be of nice curiosity to buyers. The corporate’s earnings report is predicted on February 20, 2025. The corporate’s earnings per share (EPS) are projected to be $1.52, reflecting a ten.06% lower from the identical quarter final yr. On the similar time, our most up-to-date consensus estimate is projecting a income of $1.01 billion, reflecting a 2% rise from the equal quarter final yr.
It is also necessary for buyers to concentrate on any current modifications to analyst estimates for Akamai Applied sciences. These revisions usually mirror the most recent short-term enterprise tendencies, which might change incessantly. Because of this, upbeat adjustments in estimates point out analysts’ favorable outlook on the corporate’s enterprise well being and profitability.
Our analysis means that these adjustments in estimates have a direct relationship with upcoming inventory worth efficiency. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate adjustments and presents a viable score system.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a powerful outside-audited observe document of outperformance, with #1 shares producing a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate has shifted 0.74% upward. Akamai Applied sciences is at the moment sporting a Zacks Rank of #3 (Maintain).
Taking a look at its valuation, Akamai Applied sciences is holding a Ahead P/E ratio of 13.39. This signifies a reduction compared to the typical Ahead P/E of twenty-two.2 for its business.
We will additionally see that AKAM at the moment has a PEG ratio of two.2. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings progress fee. The typical PEG ratio for the Web – Providers business stood at 1.53 on the shut of the market yesterday.
The Web – Providers business is a part of the Pc and Expertise sector. With its present Zacks Business Rank of 56, this business ranks within the high 23% of all industries, numbering over 250.
The Zacks Business Rank evaluates the facility of our distinct business teams by figuring out the typical Zacks Rank of the person shares forming the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
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Akamai Technologies, Inc. (AKAM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
