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Akamai (AKAM)
NASDAQ:AKAM
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.52Last Year’s EPS
$1.69Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -8.15%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with significant achievements in security and compute growth, including record revenue milestones, strong contract wins, and successful DDoS protection. However, challenges in delivery revenue due to macroeconomic headwinds and a workforce reduction weigh on the company's outlook. While the positive developments in security and compute are encouraging, the declining delivery business and necessary cost-cutting measures introduce caution.Company Guidance
During Akamai's Q3 2024 earnings call, the company provided guidance that highlighted significant milestones and financial metrics. Akamai reported a total annual revenue run rate exceeding $4 billion, with their security annual revenue run rate surpassing $2 billion. The company achieved a non-GAAP operating margin of 29% and non-GAAP earnings per share of $1.59, aligning with their guidance. Compute revenue grew by 28% year-over-year, reaching $167 million. For Q4, Akamai projected revenue between $995 million and $1.020 billion, and a non-GAAP operating margin of 27% to 28%. The company also expects to maintain a full-year non-GAAP operating margin of approximately 29% and non-GAAP earnings per diluted share ranging from $6.31 to $6.38. Akamai plans to focus future investments on cloud computing capabilities and new security products, while maintaining a disciplined approach to delivery profitability.Record Revenue Milestones
Akamai's total annual revenue run rate exceeded $4 billion for the first time, and its security annual revenue run rate surpassed $2 billion.
Strong Compute Growth
Compute revenue grew 28% year-over-year in constant currency, reaching $167 million in Q3.
Significant Security Contracts
Akamai signed a $70 million agreement with a large financial institution and a $6 million upgrade with a leading chemical producer, among other notable contracts.
API Security and Zero Trust Growth
The new API Security solution is on track for a $50 million annualized revenue run rate, and the Zero Trust segment is expected to reach $180 million by year-end.
Successful DDoS Protection
Akamai thwarted two of the largest DDoS attacks ever seen, with no impact on customers.
First $1 Billion Quarter
Total revenue for Q3 was $1.005 billion, marking Akamai's first $1 billion quarter.
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AKAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $104.40 | $89.37 | -14.40% |
| Aug 08, 2024 | $91.57 | $101.51 | +10.86% |
| May 09, 2024 | $102.46 | $91.19 | -11.00% |
| Feb 13, 2024 | $125.05 | $114.80 | -8.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Akamai (AKAM) report earnings?
Akamai (AKAM) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Akamai (AKAM) earnings time?
Akamai (AKAM) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKAM EPS forecast?
AKAM EPS forecast for the fiscal quarter 2024 (Q4) is $1.52.
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