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AKAMAI TECHNOLOGIES, INC.

(AKAM)
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Akamai Technologies: Q2 Earnings Snapshot

08/03/2021 | 04:49pm EDT

CAMBRIDGE, Mass. (AP) _ Akamai Technologies Inc. (AKAM) on Tuesday reported second-quarter profit of $156.5 million.

On a per-share basis, the Cambridge, Massachusetts-based company said it had profit of 94 cents. Earnings, adjusted for stock option expense and non-recurring costs, were $1.42 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The cloud services provider posted revenue of $852.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $845.5 million.

Akamai Technologies shares have climbed 14% since the beginning of the year, while the S&P's 500 index has increased 18%. In the final minutes of trading on Tuesday, shares hit $119.82, an increase of 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKAM at https://www.zacks.com/ap/AKAM

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on AKAMAI TECHNOLOGIES, INC.
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Financials (USD)
Sales 2021 3 444 M - -
Net income 2021 624 M - -
Net cash 2021 968 M - -
P/E ratio 2021 28,3x
Yield 2021 -
Capitalization 17 392 M 17 392 M -
EV / Sales 2021 4,77x
EV / Sales 2022 4,25x
Nbr of Employees 8 368
Free-Float 97,6%
Chart AKAMAI TECHNOLOGIES, INC.
Duration : Period :
Akamai Technologies, Inc. Technical Analysis Chart | AKAM | US00971T1016 | MarketScreener
Technical analysis trends AKAMAI TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 106,81 $
Average target price 129,31 $
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
Frank Thomson Leighton Chief Executive Officer & Director
Rick M. McConnell President & GM-Security Technology Division
Edward J. McGowan Chief Financial Officer & Executive Vice President
Daniel R. Hesse Chairman
Robert Blumofe Chief Technology Officer
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