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.
阿克邁股票討論區
1999年上市,主要做雲服務和安全業務,53%的美國市場,當前價格125。
5年來營收持續增長,平均增速7.8%,營業利潤前4年增長,2022年受毛利率下滑費用增加影響萎縮12.2%,平均增速12.6%,淨利潤2022年萎縮19.6%,5年平均增速18.7%。2022年利息費用佔營業利潤的1.1%,利息負擔可忽略。毛利率近5年從64.9%下滑到了61.7%,淨資產收益率則在2021年達到14.8%的高點後在2022年跌到11.8%。
2023前3季度營收增長4.8%,營業利潤萎縮3.9%,淨利潤萎縮2.1%。
目前市盈率38.3,市盈率TTM37.7,由於增長瓶頸仍未突破,估值依然沒有吸引力。
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