We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gear Up for Akamai Technologies (AKAM) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect Akamai Technologies (AKAM - Free Report) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year decline of 10.2%. Revenues are expected to be $1.12 billion, up 6.1% from the year-ago quarter.
The current level reflects a downward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Akamai Technologies metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Security' will likely reach $615.91 million. The estimate suggests a change of +8.4% year over year.
Analysts forecast 'Revenue- Cloud Infrastructure Services' to reach $116.79 million. The estimate suggests a change of -35% year over year.
Analysts predict that the 'Revenue- Delivery and other cloud applications' will reach $385.00 million. The estimate indicates a year-over-year change of +25.6%.
The consensus estimate for 'Revenue- International' stands at $551.80 million. The estimate indicates a change of +5.2% from the prior-year quarter.
The average prediction of analysts places 'Revenue- United States' at $566.07 million. The estimate points to a change of +6.8% from the year-ago quarter.
Over the past month, Akamai Technologies shares have recorded returns of -19.7% versus the Zacks S&P 500 composite's -2.3% change. Based on its Zacks Rank #4 (Sell), AKAM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Gear Up for Akamai Technologies (AKAM) Q3 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts expect Akamai Technologies (AKAM - Free Report) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year decline of 10.2%. Revenues are expected to be $1.12 billion, up 6.1% from the year-ago quarter.
The current level reflects a downward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Akamai Technologies metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Security' will likely reach $615.91 million. The estimate suggests a change of +8.4% year over year.
Analysts forecast 'Revenue- Cloud Infrastructure Services' to reach $116.79 million. The estimate suggests a change of -35% year over year.
Analysts predict that the 'Revenue- Delivery and other cloud applications' will reach $385.00 million. The estimate indicates a year-over-year change of +25.6%.
The consensus estimate for 'Revenue- International' stands at $551.80 million. The estimate indicates a change of +5.2% from the prior-year quarter.
The average prediction of analysts places 'Revenue- United States' at $566.07 million. The estimate points to a change of +6.8% from the year-ago quarter.
View all Key Company Metrics for Akamai Technologies here>>>Over the past month, Akamai Technologies shares have recorded returns of -19.7% versus the Zacks S&P 500 composite's -2.3% change. Based on its Zacks Rank #4 (Sell), AKAM will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .