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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Akamai Technologies, Inc.    AKAM

AKAMAI TECHNOLOGIES, INC.

(AKAM)
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Akamai Technologies: 2Q Earnings Snapshot

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07/28/2020 | 11:51pm EDT

CAMBRIDGE, Mass. (AP) _ Akamai Technologies Inc. (AKAM) on Tuesday reported second-quarter net income of $161.9 million.

On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of 98 cents. Earnings, adjusted for one-time gains and costs, came to $1.38 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The cloud services provider posted revenue of $794.7 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $768.4 million.

Akamai Technologies shares have climbed 30% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Tuesday, shares hit $111.99, a climb of 34% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AKAM at https://www.zacks.com/ap/AKAM

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile


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Financials (USD)
Sales 2020 3 158 M - -
Net income 2020 562 M - -
Net cash 2020 683 M - -
P/E ratio 2020 31,4x
Yield 2020 -
Capitalization 17 572 M 17 572 M -
EV / Sales 2020 5,35x
EV / Sales 2021 4,87x
Nbr of Employees 7 724
Free-Float 97,2%
Chart AKAMAI TECHNOLOGIES, INC.
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Akamai Technologies, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends AKAMAI TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 121,61 $
Last Close Price 108,00 $
Spread / Highest target 41,7%
Spread / Average Target 12,6%
Spread / Lowest Target -35,2%
EPS Revisions
Managers
NameTitle
Frank Thomson Leighton Chief Executive Officer & Director
Rick M. McConnell President & General Manager-Web Division
Frederic V. Salerno Chairman
Keith Oslakovic Senior VP-Global Performance & Operations
Ed McGowan Chief Financial Officer & Executive Vice President
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