Akamai Technologies, Inc. (NASDAQ:AKAM) leader in cloud services, is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.23 per share.
Looking ahead, the full year income are expected at $ 5.10 per share on the revenues of $ 3158.09 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.20 ~ $ 1.24 per share, while revenues are expected in a range of $ 760.00 million ~ $ 785.00 million
Full Year 2020 topline are forecasted in a range of$ 3,125.00 million ~ $ 3,175.00 million, where as bottomline are predicted in a range of $ 5.02 ~ $ 5.12 per share
Click Here For More Historical Outlooks Of Akamai Technologies, Inc.
Previous Quarter Performance
Akamai Technologies, Inc. unfold income for the second quarter of $ 1.38 per share, from the revenue of $ 794.72 million. The quarterly earnings escalated 28.97 percent while revenues swell 12.72 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.21 per share from $ 767.39 million in revenue. The bottom line results beat street analysts by $ 0.17 or 14.05 percent, at the same time, top line results outshined analysts by $ 27.33 million or 3.56 percent.
Stock Performance
Shares of Akamai Technologies, Inc. traded low $ -1.25 or -1.16 percent on Friday, reaching $ 106.75 with volume of 2.67 million shares. Akamai Technologies, Inc. has traded high as $ 107.88 and has cracked $ 103.76 on the downward trend
According to the previous trading day, closing price of $ 106.75, representing a 43.66 % increase from the 52 week low of $ 75.18 and a 10 % decrease over the 52 week high of $ 120.00.
The company has a market capital of $ 17.37 billion and is part of the Technology sector and Internet Information Providers industry.
Conference Call
Akamai Technologies, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.akamai.com
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.
