From Nasdaq: 2024-06-21 18:15:22

In the latest trading session, Akamai Technologies (AKAM) closed at $88.92, down 0.49% from the previous day, trailing the S&P 500. Analysts predict an EPS of $1.55 and revenue of $976.3 million for the upcoming earnings report. Akamai’s Zacks Consensus Estimates expect earnings of $6.32 per share and revenue of $3.99 billion for the fiscal year.

Akamai Technologies is currently trading at a Forward P/E ratio of 14.14, below the industry average of 22.45. The stock’s PEG ratio is 2.97, while the industry’s average is 1.98. The Internet – Services industry ranks in the top 39% of all industries according to Zacks, with industries in the top half historically outperforming the bottom half by a factor of 2 to 1.

Zacks has released a FREE Special Report on how to profit from the 2024 Presidential Election with 5 stocks. Presidential election years have historically been strong for the market. The report includes a medical manufacturer, rental company, energy powerhouse, aerospace and defense standout, and a chipmaker with promising potential.



Read more at Nasdaq: Why Akamai Technologies (AKAM) Dipped More Than Broader Market Today