Akamai Technologies, Inc. (NASDAQ:AKAM) most recently reported quarterly actual earnings per share of $0.47 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.5. The difference between the estimate and the actual EPS was $-0.03 creating a surprise factor of -6%. Currently, the company has an impact score of 42. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.125. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $59.5 on the shares. The most bullish brokerage firm has a $70 target, while the most bearish sees the stock headed towards $42. This is according to the 12 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.2. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 12 recommendations taking into account in order to arrive at this number. Of the 12, 10 have a Strong Buy rating and 0 are rating it a Buy.
Akamai Technologies, Inc. (Akamai) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet. The Company’s solutions range from delivery of conventional content on Websites, to tools that support the delivery and operation of cloud-based applications, to live and on-demand streaming video capabilities all designed to help its customers interact with people accessing the Internet from myriad devices and locations around the world. The Company offers five solutions designed to meet the online business needs of its customers: Terra, Aqua, Sola, Kona and Aura. In December 2012, the Company acquired Verivue, Inc. In September 2012, the Company acquired FastSoft, Inc. In March 2012, the Company acquired Cotendo, Inc. In February 2012, the Company acquired Blaze Software, Inc. Effective November 11, 2013, Akamai Technologies Inc acquired Velocius Networks.
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