Analyst Expects Akamai Technologies Inc (NASDAQ: AKAM) To Make Big Moves

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed 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

As a NASDAQ listed company, AKAM falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $124.04 and fluctuated between $124.44 as its day high and $122.93 as its day low. The current market capitalization of Akamai Technologies Inc is $18.71B. A total of 1.24 million shares were traded on the day, compared to an average of 1.40M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 155 BUYs and 98 SELLs from insiders. Insiders purchased 334,711 shares during that period but sold 327,364.

In the most recent transaction, Salem-Jackson Kim sold 2,600 shares of AKAM for 123.30 per share on Feb 01. After the transaction, the EVP, Chief Marketing Officer now owns 27,663 company shares. In a previous transaction on Jan 16, Joseph Paul C sold 4,000 shares at 117.58 per share. AKAM shares that EVP – Global Sales owns now total 20,065.

Among the insiders who sold shares, Salem-Jackson Kim disposed of 4,136 shares on Nov 24 at a per-share price of $113.50. This resulted in the EVP, Chief Marketing Officer holding 29,873 shares of AKAM after the transaction. In another insider transaction, Ahola Aaron sold 4,400 shares at $112.02 per share on Nov 17. Company shares held by the EVP & General Counsel now total 10,684.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AKAM in the last 3 months, the mean price target is $121.18 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 $125.50 and a low of $70.65.

As of this writing, AKAM has an earnings estimate of $1.6 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $1.65 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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.

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