Bersey doubts Akamai's ability to meet its guidance due to persistent weakness in its content business. Despite high capex to revenue ratio, he expects only 3-4% rise in adjusted earnings per share this year and next. He also finds the stock expensive.
Analysts maintain their expectations for Akamai Technologies despite its share price drop and latest results. Forecasts suggest the company will underperform the wider industry, with the consensus price target remaining unchanged.
Akamai's growth in cloud computing and security software was offset by a contraction in its legacy content-delivery-network business. The company plans to compete with Amazon, Microsoft, Google, and Oracle for cloud workloads with its new service, Gecko.
Akamai Technologies' performance is commendable, with significant reinvestment into its business yielding a high return rate. Analysts predict continued earnings growth.
Boolani sees potential in Akamai's streaming video customers and security software segment, as well as its cloud computing business. She also believes Nightingale's clear product vision and strategy will sustain Fastly's balanced execution, noting a trend of increasing and normalizing internet traffic volumes post-pandemic.
The analysts prefer more earnings resilient names with reasonable valuations and catalysts within Infrastructure, with their Overweight-rated names including Nutanix (NTNX) and Akamai Technologies (AKAM).
Akamai Technologies' high P/E ratio reflects the market's confidence in its superior earnings outlook. Investors are holding onto the stock due to its potential for a more prosperous future.
阿克迈股票讨论区
1999年上市,主要做云服务和安全业务,53%的美国市场,当前价格125。
5年来营收持续增长,平均增速7.8%,营业利润前4年增长,2022年受毛利率下滑费用增加影响萎缩12.2%,平均增速12.6%,净利润2022年萎缩19.6%,5年平均增速18.7%。2022年利息费用占营业利润的1.1%,利息负担可忽略。毛利率近5年从64.9%下滑到了61.7%,净资产收益率则在2021年达到14.8%的高点后在2022年跌到11.8%。
2023前3季度营收增长4.8%,营业利润萎缩3.9%,净利润萎缩2.1%。
目前市盈率38.3,市盈率TTM37.7,由于增长瓶颈仍未突破,估值依然没有吸引力。
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