Akamai Technologies (NASDAQ:AKAM) recently closed at $102.57, marking a modest increase of 0.55%. Despite this slight uptick, the company has been trailing behind the S&P 500, Dow, and Nasdaq. Over the past month, Akamai's stock has depreciated by 4.25%, underperforming the Computer and Technology sector as well as the S&P 500.
The company is set to release its earnings report on November 7, 2023. The report is expected to show earnings of $1.51 per share, representing a year-on-year growth of 19.84%. The projected revenue is $944.57 million, marking a 7.11% year-on-year rise.
For the full year, Akamai's estimates suggest an earnings growth of +10.43%, equating to $5.93 per share, and a revenue growth of +4.57%, which would bring the total to $3.78 billion.
The upcoming earnings report and analysts' recent projection shifts make for an interesting period for Akamai Technologies as it navigates its position within the competitive Computer and Technology sector.
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