After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Akamai Technologies Inc. (AKAM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $3.82, or 4.84%, to $82.70. The Akamai Technologies Inc. has recorded 140,521 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AKAMAI REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS.
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Stocks Info
Akamai Technologies Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $78.88 and fluctuated between $79.35 as its day high and $78.48 as its day low. The current market capitalization of Akamai Technologies Inc. is $12.09B. A total of 1.82 million shares were traded on the day, compared to an average of 1.78M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AKAM has seen 92 BUY and 60 SELL insider trades, representing the acquisition of 300,636 and the disposition of 136,374 shares. Over the last 12 months, there were 165 BUYs and 95 SELLs from insiders. Insiders purchased 631,590 shares during that period but sold 480,734.
In the most recent transaction, LEIGHTON F THOMSON bought 323 shares of AKAM for 77.53 per share on May 05. After the transaction, the Chief Executive Officer now owns 85,069 company shares. In a previous transaction on May 04, LEIGHTON F THOMSON bought 319 shares at 78.43 per share. AKAM shares that Chief Executive Officer owns now total 84,746.
Among the insiders who bought shares, LEIGHTON F THOMSON acquired of 315 shares on May 03 at a per-share price of $79.44. This resulted in the Chief Executive Officer holding 84,427 shares of AKAM after the transaction. In another insider transaction, LEIGHTON F THOMSON bought 313 shares at $79.96 per share on May 02. Company shares held by the Chief Executive Officer now total 84,112.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AKAM in the last 3 months, the mean price target is $91.24 with high estimates of $110.00 and low estimates of $62.00. In terms of 52-week highs and lows, AKAM has a high of $102.83 and a low of $70.65.
As of this writing, AKAM has an earnings estimate of $1.32 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.34 per share and a lower estimate of $1.3. The company reported an EPS of $1.26 in the last quarter, which was 3.30% higher than expectations of $1.22.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AKAM’s latest balance sheet shows that the firm has $1.08B in Cash & Short Term Investments as of fiscal 2021. There were $2.86B in debt and $790.34M in liabilities at the time. Its Book Value Per Share was $27.75, while its Total Shareholder’s Equity was $4.53B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AKAM is Buy with a score of 3.54.
