Akamai Technologies 2Q Earnings Pregame Scorecard

FOXBusiness

Last quarter Akamai Technologies (NASDAQ:AKAM) beat estimates by 2 cents per share and it is up again on Wednesday, July 25, 2012.

Expectations

Continue Reading Below

Analysts currently expect Akamai Technologies to come in with earnings of 26 cents per share on revenues of $326 million. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from 29 cents.

Stock Movement

The stock fell $3.83 per share between May 8, 2012 and May 18, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $8.18 (-21.5%), from $38.10 to $29.92.

Company Fundamental Trends The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 13.4% over the last four quarters. This earnings announcement is definitely a chance to return to form after last quarter's profit drop broke a streak of income increases. Before falling in the first quarter, revenue rose 25.7% in the second quarter of the last fiscal year, 6.5% in the third quarter of the last fiscal year and 14.4% in the fourth quarter of the last fiscal year.

Stock Ratings

Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.

Last Quarter's Results

In the first quarter, profit fell 14.6% to $43.2 million (24 cents a share) from $50.6 million (26 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 15.8% to $319.4 million from $276 million.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: 26 cents

Revenue Estimate: $326 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)