27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Akamai Technologies (NASDAQ:AKAM) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:00 PM.
Here's what investors need to know about the announcement.
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Earnings
Akamai Technologies their estimated earnings by 4.32%, reporting an EPS of $1.45 versus an estimate of $1.39, which did not surprise analysts.
Revenue was up $67,488,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04, which was followed by a 6.18% drop in the share price the next day.
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Here's a look at Akamai Technologies's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.38 | 1.30 | 1.31 | 1.23 |
| EPS Actual | 1.42 | 1.38 | 1.33 | 1.31 |
| Revenue Estimate | 845.36M | 829.61M | 829.46M | 775.18M |
| Revenue Actual | 852.82M | 842.71M | 846.29M | 792.85M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Akamai Technologies management provided guidance for their next quarter, expecting earnings between $1.37 and $1.41 per share for the nextquarter.
This represents a -4.14% in quarter-over-quarter growth for Akamai Technologies, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.