|Bid||107.05 x 1300|
|Ask||109.50 x 800|
|Day's range||108.78 - 112.17|
|52-week range||92.64 - 124.91|
|Beta (5Y monthly)||0.44|
|PE ratio (TTM)||31.19|
|Earnings date||02 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||132.31|
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.
Fastly's (NYSE: FSLY) stock was cut in half this year after the company missed analysts' expectations for two straight quarters. A service outage in June also tarnished the cloud service provider's reputation, resulted in the loss of a top-10 customer, and caused delays for upcoming projects. As a result, Fastly expects its revenue to rise just 17%-20% this year, compared to its 45% growth in 2020, and it could fall further behind its competitors in the content distribution network (CDN) and edge computing markets.