|Bid||92.29 x 900|
|Ask||101.86 x 900|
|Day's Range||91.89 - 96.69|
|52 Week Range||85.90 - 123.25|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||25.80|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||117.86|
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Akamai stock reversed up on Wednesday as third quarter guidance fell short of views but the Nasdaq rallied on lower inflation.
Akamai Technologies, Inc (NASDAQ: AKAM) clocked 6% revenue growth in the second quarter to $903 million, beating the consensus of $898 million. Adjusted EPS of $1.35 beat the consensus of $1.31. Security and compute revenue represented most of the revenue in the second quarter and grew 26% Y/Y. Needham analyst Alex Henderson reiterated a Hold rating on Akamai. He thought Akamai had done a solid job of addressing currency and macro headwinds in its guidance but also noted that the risk to its mos
Growth in the Security and Compute businesses enables Akamai (AKAM) to record healthy revenues and surpass second-quarter 2022 earnings estimates.