Cloud technology company Akamai Technologies (NASDAQ: AKAM) will be reporting earnings this Thursday after market close. Here’s what to expect.
Akamai Technologies beat analysts’ revenue expectations by 2.2% last quarter, reporting revenues of $1.04 billion, up 6.5% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and full-year EPS guidance exceeding analysts’ expectations.
Is Akamai Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Akamai Technologies’s revenue to grow 3.9% year on year to $1.04 billion, in line with the 4.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.64 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Akamai Technologies has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Akamai Technologies’s peers in the software development segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Cloudflare delivered year-on-year revenue growth of 30.7%, beating analysts’ expectations by 3.2%, and F5 reported revenues up 8.5%, topping estimates by 2%. Cloudflare traded up 13.8% following the results while F5 was down 7.9%.
Read our full analysis of Cloudflare’s results here and F5’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the software development stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Akamai Technologies is down 8.6% during the same time and is heading into earnings with an average analyst price target of $94.30 (compared to the current share price of $71.70).
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