Akamai Technologies stock rises 1.03%, projecting earnings growth

From NASDAQ.: 2024-10-04 18:15:21

Akamai Technologies (AKAM) closed at $101.48, up 1.03% from the previous session, outperforming the S&P 500 and Nasdaq. Its stock has climbed by 1.34% in the past month. The company plans to announce its earnings on November 7, with projected EPS of $1.59 and revenue of $1 billion, showing potential growth.

In terms of valuation, Akamai is trading at a Forward P/E ratio of 15.63, a discount compared to the industry average. With a Zacks Rank of #3 (Hold), investors should consider analyst estimate adjustments, as they impact stock performance. Industry comparisons and Zacks industry rank provide additional insight for stock movement.

Zacks’ Research Chief has identified the stock most likely to double, among 5 top picks for potential gains of +100% or more. This innovative financial firm, with a growing customer base and cutting-edge solutions, is positioned for significant growth. Tracking these metrics on Zacks.com is key to making informed investment decisions.



Read more at NASDAQ.: Akamai Technologies (AKAM) Rises Higher Than Market: Key Facts