Akamai Technologies Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Akamai Technologies, Inc. (NASDAQ:AKAM) is set to release its Q1 earnings after the market closes on May 9, with expectations of earnings per share at $1.61, up from $1.4 the previous year, and revenue projected at $989.26 million, up from $910.52 million. Additionally, Akamai has entered into an agreement to acquire Noname Security. Shares rose 0.4% to $102.12 recently. Analysts have provided mixed ratings, with adjustments to price targets and ratings reflecting a range of investment outlooks.
May 09, 2024 | 2:24 pm
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Akamai Technologies is anticipated to report increased earnings and revenue for Q1, alongside the acquisition of Noname Security. Analyst ratings and price targets vary, indicating differing views on the stock's future direction.
The expected increase in earnings and revenue for Q1, combined with the strategic acquisition of Noname Security, suggests a positive outlook for Akamai Technologies. However, the mixed analyst ratings and adjustments in price targets indicate a varied perspective on the stock's future performance, though the overall trend leans positive due to the growth indicators.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100