Will This ETF Beat the Market Over the Next 12 Months?
2024 was another banner year for the US stock market,…
Trailing 12 Months | Fiscal Quarters | |||||
---|---|---|---|---|---|---|
Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
Income Statement | ||||||
Revenue | $3.6B | $3.7B | $4B | $965.5M | $1B | |
Gross Profit | $2.2B | $2.3B | $2.4B | $582.4M | $595.9M | |
Operating Income | $752.5M | $689.8M | $661.8M | $180.9M | $157.7M | |
EBITDA | $1.3B | $1.2B | $1.3B | $331.4M | $244.3M | |
Diluted EPS | $3.42 | $3.32 | $3.38 | $1.04 | $0.38 |
Period Ending | 2020-09-30 | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | |
---|---|---|---|---|---|---|
Balance Sheet | ||||||
Current Assets | $2.2B | $2.8B | $1.7B | $1.9B | $2.6B | |
Total Assets | $7.5B | $8.1B | $8.1B | $9.6B | $10.2B | |
Current Liabilities | $717.1M | $731.4M | $753M | $810.5M | $2B | |
Total Liabilities | $3.4B | $3.5B | $3.9B | $5.3B | $5.4B | |
Total Equity | $4.1B | $4.6B | $4.2B | $4.3B | $4.8B | |
Total Debt | $1.9B | $2B | $2.3B | $3.5B | $3.5B |
Trailing 12 Months | Fiscal Quarters | |||||
---|---|---|---|---|---|---|
Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2023-09-30 | 2024-09-30 | |
Cash Flow Statement | ||||||
Cash Flow Operations | $1.3B | $1.3B | $1.6B | $359.4M | $392.5M | |
Cash From Investing | -$1.4B | -$1.6B | -$870.3M | -$1.2B | -$116.2M | |
Cash From Financing | -$725.4M | $322.2M | -$595.6M | $974.6M | -$162.4M | |
Free Cash Flow | $862.9M | $593.8M | $908.3M | $161.8M | $207.4M |
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
In the current month, AKAM has received 14 Buy ratings 6 Hold ratings, and 0 Sell ratings. The AKAM average analyst price target in the past 3 months is $113.74.
According to analysts, the consensus estimate is that Akamai Technologies share price will rise to $113.74 per share over the next 12 months.
Analysts are divided on their view about Akamai Technologies share price and where it will be in the next 12 months. The majority of analysts rate the stock a Buy. However, a smaller subset of analysts suggest that Akamai Technologies is a Sell and believe this share price will drop from its current level to $76.00.
The price target for Akamai Technologies over the next 1-year time period is forecast to be $113.74 according to 20 Wall Street analysts, 14 of them rate the stock a Buy, 0 rate the stock a Sell, and 6 analysts rate the stock a Hold.
According to Wall Street analysts, the consensus rating for Akamai Technologies is a Buy. 14 of 20 analysts rate the stock a Buy at this time.
You can purchase shares of Akamai Technologies via an online brokerage firm such as TD Ameritrade.com, thinkorswim.com, e-trade.com, TastyTrade.com, or Schwab.com. Many other digital online brokerages exist such as RobinHood and Webull where you can purchase Akamai Technologies shares.
Akamai Technologies was last trading at $93.59 per share. This represents the most recent stock quote for Akamai Technologies. Yesterday, Akamai Technologies closed at $93.56 per share.
In order to purchase Akamai Technologies stock online, open a brokerage account, deposit funds into the account, and select an order type to purchase shares whether it be market or limit.
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