Akamai Technologies stock rose slightly, outperforming market but underperforming sector, with positive analyst expectations.

From Nasdaq: 2024-06-28 18:15:20

In the latest trading session, Akamai Technologies (AKAM) closed at $90.08, up 0.16%. The stock outperformed the S&P 500 and Nasdaq but fell short of the Computer and Technology sector. Analysts expect an EPS of $1.54 and revenue of $976.3 million in the upcoming earnings disclosure.

Analysts project Akamai Technologies to have earnings of $6.27 per share and revenue of $3.99 billion for the full year. Recent changes in estimates reflect analysts’ optimism about the company’s performance. Akamai Technologies currently holds a Zacks Rank of #4 (Sell).

Akamai Technologies has a Forward P/E ratio of 14.34, potentially indicating it is undervalued compared to its industry’s average. The PEG ratio is 3.01, higher than the industry average of 2.15. The Internet – Services industry is ranked 149 out of over 250 industries.

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Read more at Nasdaq: Akamai Technologies (AKAM) Gains As Market Dips: What You Should Know