3 Things Akamai Technologies' Management Wants You to Know
In Akamai Technologies' (NASDAQ: AKAM) latest quarterly report, the company crushed Wall Street's estimates. Thanks to solid sales of cloud security services and a media delivery platform that's finding its feet again, Akamai's third-quarter sales rose 6% year over year to $621 million and adjusted earnings of $0.62 per share left the $0.59 analyst consensus far behind.
Don't call it a comeback, because Akamai never really went away. The data distribution and network security veteran has grown its top-line sales by 25% over the last three years while free cash flows increased by 17%. At the same time, Akamai shares fell 12% lower and are now trading at a significant discount to historical P/E and price to cash flow ratios.
Read on to get a closer look at three key quotes from Akamai's third-quarter earnings call, where management explained what's going on behind the headline numbers.
Source: Fool.com
Akamai Tech. Stock
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With a target price of 111 € there is a positive potential of 20.76% for Akamai Tech. compared to the current price of 91.92 €.
