Akamai Technologies, Inc.’s Stock Price Drops to 114.80 USD, Recording a 8.20% Decrease: A Deep Dive into AKAM’s Performance

Akamai Technologies, Inc. (AKAM)

114.80 USD -10.25 (-8.20%) Volume: 7.07M

Discover Akamai Technologies, Inc.’s stock price performance, currently trading at 114.80 USD, experiencing a significant -8.20% change this trading session with a robust trading volume of 7.07M. Despite the daily fluctuation, the stock’s Year-to-Date (YTD) performance shows a modest decline of -3.31%, providing an insightful perspective for potential investors.

Latest developments on Akamai Technologies, Inc.

Akamai Technologies (NASDAQ:AKAM) has reported strong Q4 and full-year 2023 financial results, with CEO Tom Leighton citing cloud computing as a key growth area. Despite missing revenue estimates due to weak security demand and offering light sales guidance, Akamai’s earnings beat estimates on higher revenues. The company’s stock price fell 7.73% to $115.38 after the earnings beat. Akamai is making strides in the cloud computing market, launching its Gecko initiative and Edge cloud service, aiming to redefine cloud computing with edge integration.

Akamai Technologies, Inc. on Smartkarma

Akamai Technologies, Inc. has been making waves in the investment world with its impressive performance in the third quarter of this year. According to the latest research reports from Baptista Research on Smartkarma, the company surpassed analyst expectations with a revenue surge of $965 million, reflecting a significant 9% year-over-year growth. Not only that, but Akamai also recorded a non-GAAP operating margin of 31% and non-GAAP earnings per share of $1.63, marking a remarkable 29% increase from the previous year. The company’s security segment also saw a noteworthy 20% year-over-year growth, solidifying its position as a leader in the industry.

But what sets Akamai Technologies apart from its competitors? According to another report by Baptista Research on Smartkarma, the company’s recent acquisition from StackPath is a major driver of its success. This move showcases Akamai’s unique approach to cloud computing, which focuses on a fully distributed system with multiple points of presence. In light of this, the report provides a thorough analysis of the company’s financial statements, giving investors a better understanding of Akamai’s growth potential and future prospects.

A look at Akamai Technologies, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Akamai Technologies, Inc. is a company that helps make the internet faster and more efficient. They provide services that improve the delivery of content and applications over the internet, including live and on-demand streaming videos, website content, and tools for businesses to connect with customers. The company has been given a Smartkarma Smart Score of 3 for Value, 1 for Dividend, 3 for Growth, 2 for Resilience, and 4 for Momentum.

Looking at the long-term outlook for Akamai Technologies, the company seems to be in a good position. With a Smartkarma Smart Score of 3 for Value, it indicates that the company is well-valued and has potential for growth. The score of 3 for Growth also suggests that the company is expected to see positive growth in the future. In terms of resilience, Akamai Technologies scores a 2, which means that it is not as resilient as some other companies, but still has potential for long-term success. Additionally, with a Momentum score of 4, it appears that the company is gaining momentum and is on track for continued success in the future. Overall, Akamai Technologies has a positive outlook and is well-positioned for long-term success.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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