|Bid||107.97 x 1000|
|Ask||107.98 x 1100|
|Day's range||107.84 - 109.09|
|52-week range||92.64 - 124.91|
|Beta (5Y monthly)||0.47|
|PE ratio (TTM)||30.75|
|Earnings date||02 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||133.08|
Last week, Akamai Technologies (NASDAQ: AKAM) announced its intention to acquire the cloud security specialist Guardicore for approximately $600 million in cash. Akamai Technologies is the legacy leader in the content delivery network (CDN) area. In contrast with Akamai, those younger companies don't have to deal with legacy infrastructures, which allows them to develop innovative services to boost their revenue growth.
Akamai Technologies (AKAM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of content delivery network (CDN) providers Fastly (NYSE: FSLY), Cloudflare (NYSE: NET), and Akamai Technologies (NASDAQ: AKAM) were all trading higher Wednesday. Fastly and Cloudflare in particular had jumped sharply, up 7% and 6%, respectively, as of 1:10 p.m. EDT; Akamai was up about 1% as of this writing. The tech stocks were likely up for two main reasons: a bullish day in the overall market (particularly for tech stocks) and a note from a Piper Sandler analyst saying a new security feature from Apple (NASDAQ: AAPL) could benefit CDN specialists Fastly, Cloudflare, and Akamai.