Investing

Akamai Technologies Earnings Preview (AKAM)

On Wednesday after the close of trading, we’ll get to see earnings out of Akamai Technologies Inc. (NASDAQ: AKAM). The estimates from First Call for the internet content enhanced-delivery technology provider are $0.37 EPS on $174.61 million in revenues.  Estimates for the next quarter are $0.38 EPS and $183 million in revenues; fiscal 2008 are $1.65 EPS on $803.93 million in revenues.

Analysts still have an average price target north of $43.00, yet the stock used to trade significantly higher.  If the share price and options were both kept static, it appears that options traders would be pricing in a move of up to $1.67 to $1.82 in either direction.   This stock has actually been performing well with roughly a 20% gain off of January’s lows, although we would note that the key moving averages above may be some key resistance levels.  The 50-day moving average is $33.17 and the 200-day moving average is $37.83.

We’ll see if the fears competitive pressures that have been contributing to the volatility have been overdone or if the competition is real.  Because of the nature of this business and growth in online media delivery that has more demand to be faster and faster, we’d expect this to be a very pivotal quarter for the company. 

Akamai Technologies Inc.‘s 52-week trading range is $25.06 to $59.69, so you can see there is quite a ways to go before he stock makes any significant share prices are challenged.  If you are an Akamai Tech shareholder stay tuned after the company’s conference call because we have an opportunity to ask management a few questions directly.

Jon C. Ogg
February 4, 2008

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.