Fiscal Year Earnings Estimate on Akamai Technologies, Inc.(AKAM)

Akamai Technologies, Inc.(AKAM): For the most recent quarter end, Akamai Technologies, Inc. reported Annual Earnings of $0.55. Based on the filings, last years Annual Earnings was, $2.01. For the most recent quarter end, AKAM reported a surprise Earnings per Share of 3.77% . The consensus estimate for current quarter is $0.53 and for the current fiscal year, the estimate is $2.21. For the Next fiscal year, the estimate is $2.58 based on the consensus.

Akamai Technologies Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.68. The company had revenue of $616.00 million for the quarter, compared to analysts expectations of $605.66 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Company has reported several Insider transactions to the SEC, on Feb 21, 2017, James Gemmell (EVP & Chief HR Officer) sold 6,886 shares at 63.83 per share price.On Feb 21, 2017, Robert Blumofe (EVP Platform) sold 5,973 shares at 63.83 per share price.On Feb 17, 2017, Melanie Haratunian (EVP and General Counsel) sold 5,229 shares at 64.14 per share price.

Akamai Technologies, Inc. (NASDAQ:AKAM) rose 0.59% or 0.37 points on Wednesday and made its way into the gainers of the day. After trading began at $62.5 the stock was seen hitting $63.15 as a peak level and $62.5 as the lowest level. The stock ended up at $63.01. The daily volume was measured at 1,350,407 shares. The 52-week high of the share price is $71.64 and the 52-week low is $47.8. The company has a market cap of $10,920 million.

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.


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