Earnings Outlook For Akamai Techs
Portfolio Pulse from Benzinga Insights
Akamai Technologies (NASDAQ:AKAM) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $1.60. The company's past performance shows a history of beating EPS estimates, leading to positive stock price movements. Shares have increased by 46.93% over the last 52 weeks, indicating strong long-term shareholder returns. Investors will be particularly attentive to the company's guidance for future growth.
February 12, 2024 | 2:01 pm
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Akamai Technologies is expected to report an EPS of $1.60 for the upcoming quarter. Historical data shows positive stock movements following earnings beats and guidance announcements. With a 46.93% increase in share price over the last year, the upcoming earnings report and future guidance will be crucial for investors.
Given Akamai Technologies' history of beating EPS estimates and the subsequent positive impact on its stock price, there is a strong likelihood of a positive short-term price movement if the company beats the EPS estimate again and provides optimistic future guidance. The 46.93% year-over-year increase in share price further supports the potential for continued positive momentum following the earnings report.
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