Akamai Technologies: Here’s What Investors Need to Know Before Earnings

Akamai Technologies (NASDAQ:AKAM) will report earnings after markets close on Wednesday, July 24th. Akamai Technologies, Inc. provides global delivery services for Internet content, streaming media, and applications and global Internet traffic management. The Company uses technology and software based on mathematical formulas and algorithms to monitor Internet traffic patterns.

Here is your Cheat Sheet to Akamai Technologies Earnings:

Earnings Expectations: Analysts expect earnings of $0.46 per share on revenues of $374.15 million. Currently, the company’s P/E ratio stands at 35.50.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.46 to a profit $0.47. For the current year, the average estimate is a profit of $1.95, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Akamai Technologies has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 791 860 1,024 1,159 1,374
Diluted EPS ($) 0.79 0.78 0.90 1.07 1.12

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 331.31 345.32 377.87 368.05
Diluted EPS ($) 0.24 0.27 0.38 0.39

Past Performance:
Akamai Technologies has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)