Akamai Technologies Inc reports results for the quarter ended March 31 - Earnings Summary

• Akamai Technologies Inc AKAM.OQ reported quarterly adjusted earnings of $1.70​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.64. The mean expectation of twenty one analysts for the quarter was for earnings of $1.57 per share. Wall Street expected results to range from $1.52 to $1.64 per share.

• Revenue rose 2.9% to $1.02 billion from a year ago; analysts expected $1.01 billion.

• Akamai Technologies Inc's reported EPS for the quarter was 82 cents​.

• The company reported quarterly net income of $123.17 million.

• Akamai Technologies Inc shares had risen by 2.9% this quarter and lost 13.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Akamai Technologies Inc is $105.00

This summary was machine generated from LSEG data May 8 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)