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NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Price, News & Analysis

$96.97
+0.60 (+0.62%)
(As of 07/26/2024 ET)
Today's Range
$96.10
$97.31
50-Day Range
$88.25
$97.48
52-Week Range
$87.59
$129.17
Volume
713,619 shs
Average Volume
1.67 million shs
Market Capitalization
$14.77 billion
P/E Ratio
24.12
Dividend Yield
N/A
Price Target
$113.65

Akamai Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
17.2% Upside
$113.65 Price Target
Short Interest
Healthy
4.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.60mentions of Akamai Technologies in the last 14 days
Based on 29 Articles This Week
Insider Trading
Acquiring Shares
$2.04 M Bought Last Quarter
Proj. Earnings Growth
6.16%
From $4.38 to $4.65 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.

4.57 out of 5 stars

Computer And Technology Sector

100th out of 612 stocks

Business Services, Not Elsewhere Classified Industry

20th out of 93 stocks

AKAM stock logo

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

AKAM Stock News Headlines

Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.
HSBC Upgrades Akamai Technologies (AKAM)
Akamai Technologies (NASDAQ:AKAM) Stock Rating Upgraded by HSBC
NEW AI developed by trader who won 1,129% (in 2 days)
Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands of Americans...
Yospace Joins Akamai Qualified Compute Partner Program
Smart Money Is Betting Big In AKAM Options
7 High-Quality Stocks to Buy Without Hesitation
See More Headlines
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Company Calendar

Last Earnings
5/10/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
10,250
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$113.65
High Stock Price Target
$135.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
20 Analysts

Profitability

Net Income
$547.63 million
Pretax Margin
18.38%

Debt

Sales & Book Value

Annual Sales
$3.88 billion
Cash Flow
$8.55 per share
Book Value
$30.48 per share

Miscellaneous

Free Float
149,575,000
Market Cap
$14.77 billion
Optionable
Optionable
Beta
0.67

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AKAM Stock Analysis - Frequently Asked Questions

How have AKAM shares performed this year?

Akamai Technologies' stock was trading at $118.35 at the beginning of the year. Since then, AKAM shares have decreased by 18.1% and is now trading at $96.97.
View the best growth stocks for 2024 here
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Friday, May, 10th. The technology infrastructure company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.03. Akamai Technologies's quarterly revenue was up 7.8% compared to the same quarter last year.
Read the conference call transcript
.

Is Akamai Technologies doing a stock buyback?

Akamai Technologies' Board of Directors initiated a stock buyback plan on Thursday, May 9th 2024, which authorizes the company to buy back $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 13.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.

Does Akamai Technologies have any subsidiaries?

Akamai Technologies subsidiaries include Linode, GuardiCore, Inverse, Asavie Technologies, ChameleonX, krypt.co, Exceda, and more.

Who are Akamai Technologies' major shareholders?

Akamai Technologies' top institutional investors include Portman Square Capital LLP, Retirement Systems of Alabama (0.46%), Sumitomo Mitsui Trust Holdings Inc. (0.26%) and LGT Capital Partners LTD. (0.24%). Insiders that own company stock include F Thomson Leighton, Kim Salem-Jackson, Robert Blumofe, Paul C Joseph, Mani Sundaram, Edward J Mcgowan, William Raymond Wagner, Aaron Ahola, Anthony P Williams, Adam Karon, Madhu Ranganathan and Bernardus Johannes M Verwaayen.
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.

What other stocks do shareholders of Akamai Technologies own?

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

This page (NASDAQ:AKAM) was last updated on 7/26/2024 by MarketBeat.com Staff

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