Stock Update: Akamai Technologies, Inc. (NASDAQ:AKAM)

[PRNewswire] Akamai Technologies, Inc. (NASDAQ:AKAM), the leading provider of cloud services for delivering, optimizing and securing online content and business applications, today released its Third Quarter, 2014 State of the Internet Report. Based on data gathered from the Akamai Intelligent Platform™, the report provides insight into key global statistics such as connection speeds and broadband adoption across fixed and mobile networks, overall attack traffic, global 4K readiness, and IPv4 exhaustion and IPv6 implementation. To view the full article click here.

Akamai Technologies, Inc. (NASDAQ:AKAM), On 10/29/2014, AKAM reported 3 quarter 2014 earnings of $0.62 per share. This result beat the $0.57 consensus of the 21 analysts covering the company and beat last year’s 3 quarter results by 24.00%. The next tentative earnings announcement is expected on 02/03/2015.

AKAM’s PE ratio is above average for the Software & Programming industry and signals that investors are willing to pay a premium for this stock. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

Akamai Technologies, Inc. (AKAM)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are twenty two analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.64. The highest estimate is $0.66 while the lowest is $0.61. The company has a one year EPS growth rate of 43.85% and a five year EPS growth rate of 15.46%.

Akamai Technologies, Inc. (AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet. The Company’s solutions range from delivery of conventional content on Websites, to tools that support the delivery and operation of cloud-based applications, to live and on-demand streaming video capabilities all designed to help its customers interact with people accessing the Internet from myriad devices and locations around the world. The Company offers five solutions designed to meet the online business needs of its customers: Terra, Aqua, Sola, Kona and Aura. In February 2014, Akamai Technologies Inc completed the acquisition of Prolexic Technologies Inc.