Akamai Technologies stock closes at $93.56, down 1.95%

From Nasdaq: 2025-01-03 18:15:21

In the latest trading session, Akamai Technologies (AKAM) closed at $93.56, down 1.95% from the previous day, trailing the S&P 500’s 1.26% gain. The stock fell 2.03% in the past month, underperforming the Computer and Technology sector but outperforming the S&P 500.

Investors are eagerly awaiting Akamai Technologies’ earnings report, expecting an EPS of $1.52 and quarterly revenue of $1.01 billion. Analysts’ estimate revisions can indicate short-term trends and impact stock prices, with positive revisions signaling a favorable outlook.

The Zacks Rank system, which rates stocks from #1 (Strong Buy) to #5 (Strong Sell), has shown a history of outperformance. Akamai Technologies currently holds a Zacks Rank #3 (Hold) with a Forward P/E ratio of 14.09, trading at a discount to its industry average.

Akamai Technologies’ PEG ratio stands at 2.31, higher than the industry average of 1.45. The Internet – Services industry, part of the Computer and Technology sector, has a strong Zacks Industry Rank of 38, placing it in the top 16% of all industries.

Research Chief Sheraz Mian has identified a top stock pick with significant growth potential, targeting millennial and Gen Z audiences. Despite occasional setbacks, this pick could exceed previous Zacks’ Stocks Set to Double, like Nano-X Imaging’s +129.6% surge in 9 months.

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