Akamai Technologies Inc (NASDAQ: AKAM) kicked off on Tuesday, down -0.50% from the previous trading day, before settling in for the closing price of $108.56. Over the past 52 weeks, AKAM has traded in a range of $75.88-$129.17.
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Annual sales at Technology sector company grew by 7.05% over the past five years. While this was happening, its average annual earnings per share was recorded 8.59%. With a float of $148.68 million, this company’s outstanding shares have now reached $151.23 million.
Let’s look at the performance matrix of the company that is accounted for 10250 employees.
Akamai Technologies Inc (AKAM) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Akamai Technologies Inc is 1.88%, while institutional ownership is 97.01%. The most recent insider transaction that took place on Mar 22 ’24, was worth 1,575,233. In this transaction COO & GM Edge Technology Group of this company sold 14,349 shares at a rate of $109.78, taking the stock ownership to the 6,697 shares. Before that another transaction happened on Mar 15 ’24, when Company’s COO & GM Edge Technology Group sold 8,394 for $108.26, making the entire transaction worth $908,734. This insider now owns 21,046 shares in total.
Akamai Technologies Inc (AKAM) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $1.69 earnings per share (EPS), higher than consensus estimate (set at $1.6) by $0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.60% during the next five years compared to 14.90% growth over the previous five years of trading.
Akamai Technologies Inc (NASDAQ: AKAM) Trading Performance Indicators
Take a look at Akamai Technologies Inc’s (AKAM) current performance indicators. Last quarter, stock had a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.29. Likewise, its price to free cash flow for the trailing twelve months is 26.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.52, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 7.34 in one year’s time.
Technical Analysis of Akamai Technologies Inc (AKAM)
Akamai Technologies Inc (NASDAQ: AKAM) saw its 5-day average volume 1.19 million, a negative change from its year-to-date volume of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 44.72%. Additionally, its Average True Range was 1.78.
During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 18.87%, which indicates a significant increase from 18.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.66% in the past 14 days, which was lower than the 20.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $115.32, while its 200-day Moving Average is $107.24. Nevertheless, the first resistance level for the watch stands at $108.80 in the near term. At $109.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $110.03. If the price goes on to break the first support level at $107.56, it is likely to go to the next support level at $107.09. The third support level lies at $106.32 if the price breaches the second support level.
Akamai Technologies Inc (NASDAQ: AKAM) Key Stats
The company with the Market Capitalisation of 16.37 billion has total of 151,530K Shares Outstanding. Its annual sales at the moment are 3,812 M in contrast with the sum of 547,630 K annual income. Company’s last quarter sales were recorded 995,020 K and last quarter income was 161,170 K.
