AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) has reported earnings for its third fiscal quarter (ending September 30) of $0.38 versus $1.06 for the same period a year ago — a decline of -64%. For the latest four quarters through September 30, E.P.S. were $3.47 versus $3.35 for the same period a year ago — an increase of 4%.
Recent Price Action
On 11/7/24, AKAMAI TECHNOLOGIES INC (NASDAQ: AKAM) stock declined slightly by -0.3%, closing at $104.40. Moreover, trading volume in this decline was unusually high at 186% of normal. The stock has risen 2.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AKAM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
AKAMAI TECHNOLOGIES INC has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. AKAMAI TECHNOLOGIES INC has a neutral Power Rating of 45 and a neutral Appreciation Score of 43, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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