We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Akamai Technologies (AKAM) Beats Stock Market Upswing: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, Akamai Technologies (AKAM - Free Report) was up +1.65% at $77.09. This move outpaced the S&P 500's daily gain of 0.48%. Meanwhile, the Dow experienced a rise of 0.27%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Prior to today's trading, shares of the cloud services provider had lost 0.29% lagged the Computer and Technology sector's gain of 5.46% and the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of Akamai Technologies in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.62, indicating a 1.89% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.04 billion, up 3.7% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.66 per share and revenue of $4.17 billion, which would represent changes of +2.78% and +4.36%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Akamai Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.6% higher. Akamai Technologies currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Akamai Technologies has a Forward P/E ratio of 11.38 right now. This expresses a discount compared to the average Forward P/E of 25.04 of its industry.
We can also see that AKAM currently has a PEG ratio of 2.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.68.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Akamai Technologies (AKAM) Beats Stock Market Upswing: What Investors Need to Know
In the latest close session, Akamai Technologies (AKAM - Free Report) was up +1.65% at $77.09. This move outpaced the S&P 500's daily gain of 0.48%. Meanwhile, the Dow experienced a rise of 0.27%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Prior to today's trading, shares of the cloud services provider had lost 0.29% lagged the Computer and Technology sector's gain of 5.46% and the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of Akamai Technologies in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.62, indicating a 1.89% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.04 billion, up 3.7% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $6.66 per share and revenue of $4.17 billion, which would represent changes of +2.78% and +4.36%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Akamai Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.6% higher. Akamai Technologies currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Akamai Technologies has a Forward P/E ratio of 11.38 right now. This expresses a discount compared to the average Forward P/E of 25.04 of its industry.
We can also see that AKAM currently has a PEG ratio of 2.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Services industry had an average PEG ratio of 1.68.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.