Alert: New Earnings Report (11/7/23)-AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM).


AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) has reported earnings for its third fiscal quarter (ending September 30) of $1.06 versus $0.78 for the same period a year ago — an increase of 36%. However, this result fell short of the consensus estimate of $1.50 by $-0.44. For the latest four quarters through September 30, E.P.S. were $3.35 compared to $3.46 a year ago — a decline of -3%.


Recent Price Action

AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock closed at $108.86 on 11/7/23 after a modest gain of 0.4%. The stock has risen 6.1% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

AKAM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

AKAMAI TECHNOLOGIES INC has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AKAMAI TECHNOLOGIES INC has a slightly negative Appreciation Score of 32 but a very high Power Rating of 94, with the Positive Value Trend Rating the result.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.