Akamai Technologies (AKAM): Earnings Whisper

Akamai Technologies, Inc. (AKAM) is scheduled to report second quarter 2015 earnings after the markets close on Tuesday, July 28. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.58 per share. Revenue is projected to post a 13.56% year-over-year increase to $540.58 million from $476 million a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.58 per share.

As a quick reminder, Akamai Technologies reported 1Q/15 EPS of $0.61, in-line with analyst’s consensus estimates. Revs jumped more than 16% yoy to $527 million from $454.

On valuation measures, Akamai Technologies Inc. shares are priced at 38.37x this year’s forecasted earnings, compared to the industry’s 18.63x earnings multiple. The company’s current year and next year EPS growth estimates stand at 3.70% and 20.20% compared to the industry growth rates of 16.90% and 23.80%, respectively. AKAM has a t-12 price-to-sales ratio of 6.36. EPS for the same period registers at $1.87.

Akamai shares have advanced 1.67% in the last 4 weeks while declining 4.25% in the past three months. Over the past 5 trading sessions the stock has lost 0.28%.

The Cambridge, Massachusetts-based company, which is currently valued at $12.81 billion, has a median Wall Street price target of $77.00 with a high target of $90.00. Akamai Technologies Inc. is up 21.27% year-over-year, compared with a 5.09% gain in the S&P 500.

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