AKAM Earnings Prediction
The chart below shows how AKAM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AKAM sees a +0.97% change in stock price 10 days leading up to the earnings, and a -1.28% change 10 days following the report. On the earnings day itself, the stock moves by -0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
AKAM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.00B
4.06%
2.56%
Gross Margin
56.88%
-2.79%
0.28%
Operating Margin
17.41%
-13.64%
2.17%
Net Margin
5.76%
-65.36%
-57.14%
EPS
0.38
-63.46%
-55.81%
No Data Available
AKAM Earnings Analysis
Akamai Technologies Inc Corporation (AKAM.O) Earnings Conference Call
Positive
Record Revenue Milestones: Akamai's total annual revenue run rate exceeded $4 billion for the first time, with security annual revenue run rate exceeding $2 billion.
Computer Revenue Surge: Computer revenue grew 28% year-over-year, reaching $167 million in Q3.
Operating Margin and EPS: Non-GAAP operating margin was reported at 29%, with non-GAAP earnings per share at $1.59, in line with guidance.
Major Contract Wins: Akamai signed significant contracts in Q3, including a $70 million agreement with a major financial institution.
API Security Revenue Projection: The company expects to achieve an annualized revenue run rate of more than $50 million for its new API security solution by year-end.
Negative
Third Quarter Revenue Growth: Total revenue for the third quarter was $1.005 billion, up 4% year-over-year as reported, indicating a slower growth compared to previous quarters.
Delivery Revenue Decline: Delivery revenue was $319 million, a 16% year-over-year decline, reflecting challenges in the market.
Net Income Decline: Non-GAAP net income was $244 million or $1.59 of earnings per diluted share, down 2% year-over-year, indicating a decrease in profitability.
Delivery Revenue Decline: Delivery revenue decreased 3% sequentially, which is an improvement compared to the previous two quarters but still reflects a decline.
Q4 Revenue Projections: We are projecting revenue in the range of $995 million to $1.020 billion for Q4, which is flat to up 3% as reported and indicates a slowdown in growth.
AKAM FAQs
How does AKAM typically perform around its earnings report dates?
Is Akamai Technologies, Inc. (AKAM) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AKAM Earning Call Sentiment
Akamai Technologies, Inc. (AKAM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AKAM.O
-1.18%Positive
The earnings call presents a mixed picture: strong growth in compute and security revenues, but declining delivery revenue and workforce reductions. The share buyback is a positive, but foreign exchange and competitive pressures pose risks. The Q&A reveals optimism in product areas but concerns about operating leverage and unclear guidance on CapEx. Overall, the positive elements are balanced by challenges, leading to a neutral sentiment. Without market cap data, the impact on stock price remains uncertain, but the lack of clear catalysts or major negative surprises suggests limited movement.
