Should I buy or sell Akamai Technologies stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 2 sell ratings, 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AKAM shares. View AKAM analyst ratings or view top-rated stocks .

What is Akamai Technologies' stock price target for 2024?

17 analysts have issued 1-year price objectives for Akamai Technologies' stock. Their AKAM share price targets range from $81.00 to $135.00. On average, they anticipate the company's share price to reach $114.00 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price. View analysts price targets for AKAM or view top-rated stocks among Wall Street analysts .

How have AKAM shares performed in 2024?

Akamai Technologies' stock was trading at $118.35 at the beginning of the year. Since then, AKAM stock has decreased by 21.3% and is now trading at $93.13. View the best growth stocks for 2024 here .

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our AKAM earnings forecast .

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Friday, May, 10th. The technology infrastructure company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.03. The technology infrastructure company earned $986.97 million during the quarter, compared to analysts' expectations of $989.03 million. Akamai Technologies had a trailing twelve-month return on equity of 15.02% and a net margin of 16.12%. The business's revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. Read the conference call transcript .

What ETFs hold Akamai Technologies' stock?

ETFs with the largest weight of Akamai Technologies (NASDAQ:AKAM) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR) , Global X Cloud Computing ETF (CLOU) , SPDR S&P Internet ETF (XWEB) , iShares Cybersecurity and Tech ETF (IHAK) , Bitwise Web3 ETF (BWEB) , First Trust Nasdaq Cybersecurity ETF (CIBR) , Direxion Daily Cloud Computing Bull 2x (CLDL) and First Trust Cloud Computing ETF (SKYY) .

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, May 9th 2024, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 13.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

What guidance has Akamai Technologies issued on next quarter's earnings?

Akamai Technologies updated its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of 1.510-1.560 for the period, compared to the consensus estimate of 1.630. The company issued revenue guidance of $967.0 million-$986.0 million, compared to the consensus revenue estimate of $1.0 billion.

What is Tom Leighton's approval rating as Akamai Technologies' CEO?

1,067 employees have rated Akamai Technologies Chief Executive Officer Tom Leighton on Glassdoor.com . Tom Leighton has an approval rating of 95% among the company's employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Akamai Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Akamai Technologies investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Intel (INTC) , Advanced Micro Devices (AMD) , Micron Technology (MU) , Cisco Systems (CSCO) , Netflix (NFLX) , QUALCOMM (QCOM) , Adobe (ADBE) and Salesforce (CRM) .

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.72%), Nordea Investment Management AB (1.94%), Champlain Investment Partners LLC (0.89%), Canada Pension Plan Investment Board (0.69%), Portman Square Capital LLP (0.00%) and Retirement Systems of Alabama (0.49%). Insiders that own company stock include Aaron Ahola , Adam Karon , Anthony P Williams , Bernardus Johannes M Verwaayen , Edward J Mcgowan , F Thomson Leighton , Jill A Greenthal , Kim Salem-Jackson , Madhu Ranganathan , Mani Sundaram , Monte E Ford , Paul C Joseph , Rick M Mcconnell, Rick M Mcconnell and Robert Blumofe . View institutional ownership trends .

How do I buy shares of Akamai Technologies?

Shares of AKAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Akamai Technologies have any subsidiaries?

The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAMAI INDIA NETWORKS PRIVATE LTD., AKAMAI INTERNATIONAL BV, AKAMAI IRELAND LIMITED, AKAMAI SALES LLC, AKAMAI TECHNOLOGIES AB, AKAMAI TECHNOLOGIES APJ PTE LTD., AKAMAI TECHNOLOGIES ARGENTINA SRL, AKAMAI TECHNOLOGIES BELGIUM SPRL, AKAMAI TECHNOLOGIES CANADA, AKAMAI TECHNOLOGIES COSTA RICA SRL, AKAMAI TECHNOLOGIES DENMARK APS, AKAMAI TECHNOLOGIES G.K., AKAMAI TECHNOLOGIES GMBH, AKAMAI TECHNOLOGIES HONG KONG LIMITED, AKAMAI TECHNOLOGIES INDIA PRIVATE LTD., AKAMAI TECHNOLOGIES INTERNATIONAL AG, AKAMAI TECHNOLOGIES ISRAEL LIMITED, AKAMAI TECHNOLOGIES LIMITED, AKAMAI TECHNOLOGIES LLC, AKAMAI TECHNOLOGIES LUXEMBOURGH SARL, AKAMAI TECHNOLOGIES MALAYSIA SDN BHD, AKAMAI TECHNOLOGIES NETHERLANDS BV, AKAMAI TECHNOLOGIES POLAND SP. Z.O.O., AKAMAI TECHNOLOGIES S.R.I., AKAMAI TECHNOLOGIES S.R.O., AKAMAI TECHNOLOGIES SARL, AKAMAI TECHNOLOGIES SECURITIES CORPORATION, AKAMAI TECHNOLOGIES SINGAPORE PVT. LTD., AKAMAI TECHNOLOGIES SOLUTIONS (INDIA) PRIVATE LTD., AKAMAI TECHNOLOGIES SPAIN SL, AKAMAI TECHNOLOGIES YUHAN HOESA, AKAMAI TECNOLOGIAS E SERVICOS DO BRASIL LTDA., AKAMAI TEKNOLOGJI HIZMETLERI LIMIITED SIRKETI, ASAVIE GMBH, ASAVIE R&D LIMITED, ASAVIE TECHNOLOGIES LIMITED, ASAVIE TECHNOLOGIES SALES LIMITED, ASAVIE UK LIMITED, Asavie Technologies, Blaze.io, Bloxx, CHAMELEONX LTD., CallTheShots, ChameleonX, Concord Systems, Cotendo, Cyberfend, Exceda, FastSoft, GUARDICORE INC., GUARDICORE INDIA PRIVATE LTD., GUARDICORE LTD., GUARDICORE UK LIMITED, GuardiCore, Intervu, Inverse, Janrain, Linode, Netli, Network24 Communications, Nine Systems Corp, Nominum, Octoshape, PT. AKAMAI TECKNOLOGI INDONESIA, Prolexic Technologies, Red Swoosh, SOASTA, Soha Systems, Speedera Networks, Streaming Media Corporation, Velocitude, Velocius Networks, Verivue, Xerocole, acerno, and krypt.co. Read More

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NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Price, News & Analysis

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Free AKAM Stock Alerts

$93.13

-1.19 (-1.26%)

(As of 05/14/2024 ET)

Compare

Today's Range: $92.06
▼
$94.60
50-Day Range: $91.19
▼
$112.83
52-Week Range: $85.14
▼
$129.17

Volume: 2.50 million shs
Average Volume: 1.73 million shs
Market Capitalization: $14.19 billion

P/E Ratio: 23.17
Dividend Yield: N/A
Price Target: $114.00

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Akamai Technologies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.53 Rating Score
Upside/Downside: 22.4% Upside
$114.00 Price Target
Short Interest: Healthy
4.95% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.04
Upright™ Environmental Score
News Sentiment: 0.26
Based on 68 Articles This Week
Insider Trading: Selling Shares
$3.37 M Sold Last Quarter
Proj. Earnings Growth: 11.69%
From $4.79 to $5.35 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.69 out of 5 stars

Computer And Technology Sector

67th out of 599 stocks

Business Services, Not Elsewhere Classified Industry

16th out of 92 stocks

3.3

Analyst's Opinion

Consensus Rating
Akamai Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.53, and is based on 9 buy ratings, 5 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Akamai Technologies has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Akamai Technologies' stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
4.95% of the float of Akamai Technologies has been sold short.
Short Interest Ratio / Days to Cover
Akamai Technologies has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Akamai Technologies has recently decreased by 0.14%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Akamai Technologies does not currently pay a dividend.
Dividend Growth
Akamai Technologies does not have a long track record of dividend growth.

2.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Akamai Technologies has received a 22.33% net impact score from Upright. Akamai Technologies seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Data loss prevention software", "Software build automation", "Access control software for digital services", "User interface design tools", and "Firewall software" products. See details.
Environmental Sustainability
The Environmental Impact score for Akamai Technologies is -1.04.

2.9

News and Social Media Coverage

News Sentiment
Akamai Technologies has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 68 news articles for Akamai Technologies this week, compared to 11 articles on an average week.
Search Interest
31 people have searched for AKAM on MarketBeat in the last 30 days. This is an increase of 121% compared to the previous 30 days.
MarketBeat Follows
21 people have added Akamai Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Akamai Technologies insiders have sold 65.20% more of their company's stock than they have bought. Specifically, they have bought $2,038,960.00 in company stock and sold $3,368,303.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of Akamai Technologies is held by insiders.
Percentage Held by Institutions
94.28% of the stock of Akamai Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Akamai Technologies' insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Akamai Technologies are expected to grow by 11.69% in the coming year, from $4.79 to $5.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Akamai Technologies is 23.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Akamai Technologies is 23.17, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 265.83.
Price to Earnings Growth Ratio
Akamai Technologies has a PEG Ratio of 2.60. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Akamai Technologies has a P/B Ratio of 3.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Read more about Akamai Technologies' valuation and earnings.

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About Akamai Technologies Stock (NASDAQ:AKAM)

Akamai Technologies, Inc. provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and cloud computing services, such as compute, storage, networking, database, and container management services to build, deploy, and secure applications and workloads. In addition, the company offers content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

AKAM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AKAM Stock News Headlines

May 15 at 1:54 AM | americanbankingnews.com

Akamai Technologies, Inc. (NASDAQ:AKAM) Receives Average Recommendation of "Moderate Buy" from Brokerages

May 14 at 1:06 AM | americanbankingnews.com

Akamai Technologies (NASDAQ:AKAM) Approves Stock Repurchase Program

May 13 at 3:58 AM | americanbankingnews.com

Akamai Technologies, Inc. (NASDAQ:AKAM) Expected to Post Q2 2024 Earnings of $1.07 Per Share

May 12 at 4:34 AM | americanbankingnews.com

Akamai Technologies (NASDAQ:AKAM) PT Lowered to $129.00