On Tuesday, Akamai Technologies Inc (NASDAQ: AKAM) was 0.11% up from the session before settling in for the closing price of $102.85. A 52-week range for AKAM has been $87.59 – $129.17.
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Technology Sector giant saw their annual sales surged by 7.05% over the last five years. When this article was written, the company’s average yearly earnings per share was at 3.74%. With a float of $148.68 million, this company’s outstanding shares have now reached $151.23 million.
The firm has a total of 10250 workers. Let’s measure their productivity. 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Akamai Technologies Inc stocks. The insider ownership of Akamai Technologies Inc is 1.88%, while institutional ownership is 96.20%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 1.63 earnings per share (EPS) during the time that was better than consensus figure (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
You can see what Akamai Technologies Inc (AKAM) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.29. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.97. Likewise, its price to free cash flow for the trailing twelve months is 18.09.
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)
Analysing the last 5-days average volume posted by the [Akamai Technologies Inc, AKAM], we can find that recorded value of 1.12 million was lower than the volume posted last year of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 19.57%. Additionally, its Average True Range was 1.69.
During the past 100 days, Akamai Technologies Inc’s (AKAM) raw stochastic average was set at 80.01%, which indicates a significant increase from 26.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.33% in the past 14 days, which was lower than the 24.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.04, while its 200-day Moving Average is $102.38. Now, the first resistance to watch is $103.78. This is followed by the second major resistance level at $104.60. The third major resistance level sits at $105.35. If the price goes on to break the first support level at $102.21, it is likely to go to the next support level at $101.46. Should the price break the second support level, the third support level stands at $100.64.
Akamai Technologies Inc (NASDAQ: AKAM) Key Stats
There are 151,526K outstanding shares of the company, which has a market capitalization of 15.60 billion. As of now, sales total 3,812 M while income totals 547,630 K. Its latest quarter income was 979,580 K while its last quarter net income were 131,690 K.
