AKAM Stock Recent News
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Akamai Technologies missed estimates for quarterly revenue on Tuesday and projected a downbeat first quarter as it grapples with a slowdown in demand for its cloud security services.
Yesterday, subscribers to our Schaeffer's Weekend Player service scored a 178% profit with our recommended Akamai Technologies, Inc. (NASDAQ:AKAM) February 110 call.
Akamai (AKAM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Akamai (AKAM) will likely record revenue growth year over year in the fourth quarter, driven by strong momentum in the security and compute verticals.
Besides Wall Street's top -and-bottom-line estimates for Akamai Technologies (AKAM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.
Akamai delivered strong Q3 2023 results, beating expectations with revenue growth of 9% YoY and EPS growth of 29% YoY. The company has become a leader in the cybersecurity market, offering comprehensive edge security solutions. A comparison of the valuations of other cybersecurity companies shows that Akamai's stock is trading at a steep discount to its peers.
The latest trading day saw Akamai Technologies (AKAM) settling at $124.66, representing a +0.1% change from its previous close.
Akamai Technologies (AKAM) concluded the recent trading session at $123.76, signifying a +0.43% move from its prior day's close.
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Akamai Technologies (AKAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.