Akamai Technologies Inc (NASDAQ: AKAM) kicked off on Friday, up 1.85% from the previous trading day, before settling in for the closing price of $104.73. Over the past 52 weeks, AKAM has traded in a range of $87.59-$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 3.74%. 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. In terms of profitability, gross margin is 57.15%, operating margin of 17.32%, and the pretax margin is 18.61%.
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 96.21%. The most recent insider transaction that took place on Sep 13 ’24, was worth 389,200. In this transaction EVP – Global Sales of this company sold 4,000 shares at a rate of $97.30, taking the stock ownership to the 30,703 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Officer proposed sale 4,000 for $97.30, making the entire transaction worth $389,200.
Akamai Technologies Inc (AKAM) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.63 earnings per share (EPS), higher than consensus estimate (set at 1.5) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.74% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% 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 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.12. Likewise, its price to free cash flow for the trailing twelve months is 18.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.03, a number that is poised to hit 1.59 in the next quarter and is forecasted to reach 6.84 in one year’s time.
Technical Analysis of Akamai Technologies Inc (AKAM)
Akamai Technologies Inc (NASDAQ: AKAM) saw its 5-day average volume 1.44 million, a negative change from its year-to-date volume of 1.61 million. As of the previous 9 days, the stock’s Stochastic %D was 88.07%. Additionally, its Average True Range was 1.68.
During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 99.32%, which indicates a significant increase from 98.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.27% in the past 14 days, which was lower than the 24.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $100.64, while its 200-day Moving Average is $102.82. Nevertheless, the first resistance level for the watch stands at $107.39 in the near term. At $108.12, the stock is likely to face the second major resistance level. The third major resistance level sits at $109.43. If the price goes on to break the first support level at $105.35, it is likely to go to the next support level at $104.04. The third support level lies at $103.31 if the price breaches the second support level.
Akamai Technologies Inc (NASDAQ: AKAM) Key Stats
The company with the Market Capitalisation of 16.16 billion has total of 152,317K 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 979,580 K and last quarter income was 131,690 K.
