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Tuesday, June 6, 2023

Are Things Looking Up For Akamai Technologies Inc. (NASDAQ: AKAM)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Akamai Technologies Inc. (AKAM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.54, or -0.61%, to $88.52. The Akamai Technologies Inc. has recorded 170,174 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

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. The current market capitalization of Akamai Technologies Inc. is $13.63B. A total of 1.78 million shares were traded on the day, compared to an average of 1.61M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AKAM has seen 84 BUY and 52 SELL insider trades, representing the acquisition of 168,111 and the disposition of 98,581 shares. Over the last 12 months, there were 174 BUYs and 101 SELLs from insiders. Insiders purchased 652,617 shares during that period but sold 480,660.

In the most recent transaction, LEIGHTON F THOMSON bought 286 shares of AKAM for 87.71 per share on May 23. After the transaction, the Chief Executive Officer now owns 87,089 company shares. In a previous transaction on May 22, LEIGHTON F THOMSON bought 286 shares at 87.52 per share. AKAM shares that Chief Executive Officer owns now total 86,803.

Among the insiders who bought shares, LEIGHTON F THOMSON acquired of 285 shares on May 19 at a per-share price of $87.86. This resulted in the Chief Executive Officer holding 86,517 shares of AKAM after the transaction. In another insider transaction, LEIGHTON F THOMSON bought 289 shares at $86.73 per share on May 18. Company shares held by the Chief Executive Officer now total 86,232.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AKAM in the last 3 months, the mean price target is $92.93 with high estimates of $115.00 and low estimates of $67.00. 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 $1.41 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.43 per share and a lower estimate of $1.38. The company reported an EPS of $1.37 in the last quarter, which was 7.90% higher than expectations of $1.27.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $26.80, while its Total Shareholder’s Equity was $4.53B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.60.

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