Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Akamai Technologies (AKAM)
Akamai Technologies, Inc. is a global provider of content delivery network (CDN) and cloud infrastructure services.
AKAM is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 3.7% year-over-year for the current fiscal year, with sales growth of 4.8%.
Nine analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.16 to $6.43 per share. AKAM boasts an average earnings surprise of 4.7%.
Looking at cash flow, Akamai Technologies is expected to report cash flow growth of 0.3% this year; AKAM has generated cash flow growth of 6.1% over the past three to five years.
AKAM should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Akamai Technologies, Inc. (AKAM) : Free Stock Analysis Report