Akamai Technologies (NASDAQ:AKAM) announced its quarterly earnings data on Tuesday. The technology infrastructure company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.08, MarketWatch Earnings reports. The firm had revenue of $842.71 million during the quarter, compared to analyst estimates of $829.74 million. Akamai Technologies had a net margin of 18.01% and a return on equity of 17.69%. Akamai Technologies’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. Akamai Technologies updated its FY21 guidance to $5.45-5.52 EPS and its Q2 guidance to $1.35-1.40 EPS.
Shares of NASDAQ:AKAM traded down $1.83 during trading on Tuesday, reaching $105.19. 2,116,005 shares of the company’s stock traded hands, compared to its average volume of 2,057,576. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. Akamai Technologies has a fifty-two week low of $92.64 and a fifty-two week high of $124.91. The company has a 50-day simple moving average of $104.00 and a 200-day simple moving average of $103.77. The firm has a market cap of $17.22 billion, a PE ratio of 30.85, a P/E/G ratio of 1.90 and a beta of 0.47.
In other news, EVP Aaron Ahola sold 1,668 shares of the stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $92.92, for a total transaction of $154,990.56. Following the transaction, the executive vice president now owns 8,030 shares in the company, valued at approximately $746,147.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Robert Blumofe sold 9,000 shares of Akamai Technologies stock in a transaction on Friday, April 30th. The shares were sold at an average price of $108.72, for a total transaction of $978,480.00. Following the completion of the sale, the chief technology officer now directly owns 22,786 shares in the company, valued at approximately $2,477,293.92. The disclosure for this sale can be found here. Insiders sold a total of 46,888 shares of company stock valued at $4,871,957 in the last ninety days. 2.40% of the stock is currently owned by insiders.
About Akamai Technologies
Akamai Technologies, Inc provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud and enterprise security solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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