I reiterate a hold rating for Akamai Technologies due to a poor earnings growth outlook and lack of near-term catalysts for re-rating. Revenue growth is slowing, with FY25 guidance showing minimal growth and continuous declines in the delivery segment, impacting overall performance. Margin pressures persist due to necessary investments in AI and compute infrastructure, further dampening earnings growth potential.
Major U.S. equities indexes fell to end a holiday-shortened week. Markets stepped back from record-high levels as traders reacted to underwhelming economic data and earnings forecasts.
AKAM reports top-line growth year over year in the fourth quarter, backed by healthy traction in the Security and Compute segments.
Akamai Technologies, Inc. (NASDAQ:AKAM ) Q4 2024 Earnings Conference Call February 20, 2025 4:30 PM ET Company Participants Mark Stoutenberg - Head of Investor Relations Tom Leighton - Chief Executive Officer and Co-Founder Ed McGowan - EVP, Chief Financial Officer Conference Call Participants Roger Boyd - UBS Madeline Brooks - Bank of America Fatima Boolani - Citi Frank Louthan - Raymond James Rishi Jaluria - RBC John DiFucci - Guggenheim Patrick Colville - Scotiabank James Fish - Piper Sandler William Power - Baird Mark Murphy - JPMorgan Jonathan Ho - William Blair & Company Operator Good day, and welcome to the Fourth Quarter 2024 Akamai Technologies, Inc. Earnings Conference Call. All participants will be in listen-only mode.
While the top- and bottom-line numbers for Akamai Technologies (AKAM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Akamai Technologies (AKAM) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.69 per share a year ago.
Akamai Technologies forecast annual 2025 revenue below estimates on Thursday, owing to sluggish demand for its cloud and content delivery services.
Akamai (AKAM) traded lower after releasing its latest earnings. According to George Tsilis, investors may be shedding shares of the cloud computing company due to a flat growth rate.
AKAM's fourth-quarter 2024 results are expected to report revenue growth year over year, driven by healthy demand across several sectors.
Beyond analysts' top -and-bottom-line estimates for Akamai Technologies (AKAM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Investors interested in stocks from the Internet - Services sector have probably already heard of Akamai Technologies (AKAM) and Zscaler (ZS). But which of these two stocks is more attractive to value investors?
Akamai Technologies (AKAM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.