• Tue. Dec 1st, 2020

Pharma Oracle

Evolving Today for better Tomorrow

Dragging a handsome value: Akamai Technologies, Inc. (NASDAQ: AKAM)

On 05 March 2020, Akamai Technologies, Inc. (NASDAQ: AKAM) stock observed trading -10.03% off 52-week high price. On the other end, the stock has been noted 38.20% away from low price over the last 52-weeks. The stock disclosed a move of -0.47% away from 50 day moving average and 6.36% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.08% off 20-day moving average.

Akamai Technologies, Inc. (AKAM) recently stated financial results for the fourth quarter and full-year ended December 31, 2019.

Revenue: Revenue for the fourth quarter was $772M, an 8% increase over fourth quarter 2018 revenue of $713M and a 9% increase when adjusted for foreign exchange. * Total revenue for 2019 was $2.894B contrast to $2.714B for 2018, up 7% year-over-year and up 8% when adjusted for foreign exchange. *

Revenue by Division (1):

  • Web Division revenue for the fourth quarter was $420M, up 9% year-over-year and when adjusted for foreign exchange. * Web Division revenue for 2019 was $1.566B, up 8% year-over-year and up 9% when adjusted for foreign exchange. *
  • Media and Carrier Division revenue for the fourth quarter was $353M, up 8% year-over-year and when adjusted for foreign exchange. * Media and Carrier Division revenue for 2019 was $1.327B, up 5% year-over-year and up 6% when adjusted for foreign exchange. *

Revenue from Cloud Security Solutions (2):

  • Cloud Security Solutions revenue for the fourth quarter was $238M, up 29% year-over-year and when adjusted for foreign exchange. * Cloud Security Solutions revenue for 2019 was $849M, up 29% year-over-year and up 30% when adjusted for foreign exchange. *

Revenue from Internet Platform Consumers (3):

  • Revenue from Internet Platform Consumers for the fourth quarter was $52M, up 20% year-over-year and when adjusted for foreign exchange. * Internet Platform Consumers revenue for 2019 was $189M, up 8% year-over-year and when adjusted for foreign exchange. *
  • Revenue not including Internet Platform Consumers for the fourth quarter was $720M, up 7% year-over-year and up 8% when adjusted for foreign exchange. * Revenue not including Internet Platform Consumers for 2019 was $2.704B, up 6% year-over-year and up 8% when adjusted for foreign exchange. *

Revenue by Geography:

  • S. revenue for the fourth quarter was $446M, up 3% year-over-year. U.S. revenue for 2019 was $1.694B, up 1% year-over-year.
  • International revenue for the fourth quarter was $326M, up 17% year-over-year and up 18% when adjusted for foreign exchange. * International revenue for 2019 was $1.199B, up 16% year-over-year and up 20% when adjusted for foreign exchange. *

2019 items: Effective January 1, 2019, the predictable average useful life of our network assets, primarily servers, increased from four years to five years, Because of software and hardware initiatives undertaken to manage our global network more efficiently. As a result, fourth quarter year-over-year growth rates for GAAP and non-GAAP income from operations, net income and EPS in the paragraphs below were benefited by $7M, or $6M net of tax and $0.04 per share. Full-year growth rates for GAAP and non-GAAP income from operations, net income and EPS in the paragraphs below were benefited by $32M, or $26M net of tax and $0.16 per share.

Full-year GAAP growth rates were also influenced by a one-time $50M endowment to the Akamai Foundation recognized in the second quarter of 2018, which did not recur in 2019.

Income from operations: GAAP income from operations for the fourth quarter was $135M, a 12% increase from fourth quarter 2018 income from operations of $120M. GAAP operating margin for the fourth quarter was 18%, up 1 percentage point from the same period last year. GAAP income from operations for 2019 was $549M, a 51% increase from the previous year’s GAAP income from operations of $362M. Full-year GAAP operating margin was 19%, up 6 percentage points from the same period last year.

Non-GAAP income from operations* for the fourth quarter was $222M, a 10% increase from fourth quarter 2018 non-GAAP income from operations of $201M. Non-GAAP operating margin* for the fourth quarter was 29%, up 1 percentage point from the same period last year. Non-GAAP income from operations* for 2019 was $844M, a 17% increase from the previous year’s non-GAAP income from operations of $720M. Full year non-GAAP operating margin* was 29%, up 2 percentage points from the same period last year.

The USA based company Akamai Technologies, Inc. moved with change of -2.02% to $92.98 with the total traded volume of 1892738 shares in recent session versus to an average volume of 1363.86K. AKAM’s shares are at 8.22% for the quarter and driving a 29.97% return over the course of the past year and is now at 7.64% since this point in 2018.

 

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