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. Recently, Yahoo Finance discussed the stock, revealing that Akamai Technologies To Hold Fourth Quarter and Full-Year 2023 Investor Conference Call On Tuesday, February 13, at 4:30 PM ET.
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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. The current market capitalization of Akamai Technologies Inc is $18.15B. A total of 1.7 million shares were traded on the day, compared to an average of 1.35M 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 1 BUY and 5 SELL insider trades, representing the acquisition of 55 and the disposition of 13,803 shares. Over the last 12 months, there were 163 BUYs and 100 SELLs from insiders. Insiders purchased 336,996 shares during that period but sold 329,094.
In the most recent transaction, Joseph Paul C sold 4,000 shares of AKAM for 117.58 per share on Jan 16. After the transaction, the EVP – Global Sales now owns 20,065 company shares. In a previous transaction on Nov 24, Salem-Jackson Kim sold 4,136 shares at 113.50 per share. AKAM shares that EVP, Chief Marketing Officer owns now total 29,873.
Among the insiders who sold shares, Ahola Aaron disposed of 4,400 shares on Nov 17 at a per-share price of $112.02. This resulted in the EVP & General Counsel holding 10,684 shares of AKAM after the transaction. In another insider transaction, Blumofe Robert sold 2,000 shares at $111.47 per share on Nov 17. Company shares held by the Chief Technology Officer now total 15,609.
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 $118.50 with high estimates of $150.00 and low estimates of $78.00. In terms of 52-week highs and lows, AKAM has a high of $120.61 and a low of $70.65.
As of this writing, AKAM has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.62 per share and a lower estimate of $1.57. The company reported an EPS of $1.49 in the last quarter, which was 5.70% higher than expectations of $1.41.
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 $28.65, 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 4.00.
