Akamai Technologies (AKAM) Stock Moves -1.01%: What You Should Know

Akamai Technologies (AKAM) closed at $96.97 in the latest trading session, marking a -1.01% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.11%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 1.49%.Shares of the cloud services provider have appreciated by 4.37% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.27% and outperforming the S&P 500's gain of 0.4%.Market participants will be closely following the financial results of Akamai Technologies in its upcoming release. In that report, analysts expect Akamai Technologies to post earnings of $1.52 per share. This would mark a year-over-year decline of 10.06%. At the same time, our most recent consensus estimate is projecting a revenue of $1.01 billion, reflecting a 2% rise from the equivalent quarter last year.In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.33 per share and a revenue of $3.99 billion, indicating changes of +2.1% and +4.57%, respectively, from the former year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Akamai Technologies. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.66% fall in the Zacks Consensus EPS estimate. Right now, Akamai Technologies possesses a Zacks Rank of #3 (Hold).With respect to valuation, Akamai Technologies is currently being traded at a Forward P/E ratio of 15.47. This represents a discount compared to its industry's average Forward P/E of 24.48.One should further note that AKAM currently holds a PEG ratio of 2.54. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Services was holding an average PEG ratio of 2.06 at yesterday's closing price.The Internet - Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 40, finds itself in the top 16% echelons of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Akamai Technologies, Inc. (AKAM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks