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Akamai Technologies Stock Price, News & Analysis (NASDAQ:AKAM)

$115.62
-0.28 (-0.24%)
(As of 04:28 PM ET)
Compare
Today's Range
$114.87
▼
$115.70
50-Day Range
$101.85
▼
$116.03
52-Week Range
$70.65
▼
$116.88
Volume
932,003 shs
Average Volume
1.58 million shs
Market Capitalization
$17.44 billion
P/E Ratio
34.83
Dividend Yield
N/A
Price Target
$109.72
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Akamai Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
4.7% Downside
$109.72 Price Target
Short Interest
Bearish
6.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.39mentions of Akamai Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$3.60 M Sold Last Quarter
Proj. Earnings Growth
12.58%
From $4.45 to $5.01 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Computer And Technology Sector

267th out of 590 stocks

Business Services, Not Elsewhere Classified Industry

47th out of 82 stocks

See Top Rated MarketRank™ Stocks Here

AKAM stock logo

About Akamai Technologies Stock (NASDAQ:AKAM)

Akamai Technologies, Inc. provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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 carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and 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 direct sales and service organizations, as well as through various channel partners. The company was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

AKAM Stock Price History

AKAM Stock News Headlines

November 14, 2023 | marketbeat.com
SoFi's financial landscape: Insider moves, and valuation puzzles (AKAM)
SoFi Technologies navigates a complex financial landscape marked by insider moves, and valuation challenges amidst strong growth and diversified revenue stream.
November 8, 2023 | marketbeat.com
Fastly shifts into the fast lane toward profits (AKAM)
Edge cloud platform operator Fastly delivered its second consecutive positive quarter of earnings, and investors are rewarding FSLY stock
December 5, 2023 | Autonomix (Ad)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 5, 2023 | stocknews.com
3 Software Stocks With Potential Wins for December
November 30, 2023 | msn.com
Akamai Technologies on track to lose its 8-day winning streak
November 28, 2023 | finance.yahoo.com
Insider Sell: EVP, Chief Marketing Officer Kim Salem-Jackson Sells Shares of Akamai Technologies Inc
November 28, 2023 | americanbankingnews.com
Akamai Technologies, Inc. (NASDAQ:AKAM) CMO Kim Salem-Jackson Sells 4,136 Shares
November 18, 2023 | gurufocus.com
Insider Sell: Akamai Technologies Inc's CTO Robert Blumofe Sells 2,000 Shares
December 5, 2023 | Autonomix (Ad)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
November 16, 2023 | finance.yahoo.com
Be Wary Of Akamai Technologies (NASDAQ:AKAM) And Its Returns On Capital
November 15, 2023 | finance.yahoo.com
Hydrolix Joins Akamai Qualified Computing Partner Program
November 14, 2023 | finance.yahoo.com
Insider Sell: Director Madhu Ranganathan Sells Shares of Akamai Technologies Inc
November 13, 2023 | seekingalpha.com
SoFi Technologies: Managing Investor Enthusiasm
November 13, 2023 | finance.yahoo.com
Why Akamai Technologies (AKAM) is a Top Momentum Stock for the Long-Term
November 9, 2023 | finance.yahoo.com
Akamai and Deloitte Announce Strategic Alliance to Deliver Zero Trust Segmentation and Managed Incident Response
November 8, 2023 | markets.businessinsider.com
Craig-Hallum Keeps Their Hold Rating on Akamai (AKAM)
November 8, 2023 | msn.com
Akamai CEO Tom Leighton on Q3 earnings beat, growth outlook
November 8, 2023 | finance.yahoo.com
Akamai Technologies, Inc. (NASDAQ:AKAM) Q3 2023 Earnings Call Transcript
November 8, 2023 | finance.yahoo.com
Q3 2023 Akamai Technologies Inc Earnings Call
November 8, 2023 | finance.yahoo.com
Akamai Technologies, Inc.: Akamai Earnings: Growth Businesses Are Crushing It and Demand Should Remain High
November 8, 2023 | markets.businessinsider.com
Analyst Expectations for Akamai Techs's Future
November 8, 2023 | finance.yahoo.com
11 Best Edge Computing Stocks to Buy Now
November 7, 2023 | finance.yahoo.com
Here's What Key Metrics Tell Us About Akamai Technologies (AKAM) Q3 Earnings
November 7, 2023 | za.investing.com
Akamai Technologies shares surge 3% on Q3 beat & raised guidance
November 7, 2023 | msn.com
Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
November 7, 2023 | finance.yahoo.com
Let's Check Akamai Technologies' Charts Ahead of Earnings
November 7, 2023 | finance.yahoo.com
AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Sector
Computer and Technology
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
CIK
1086222
Web
www.akamai.com
Phone
(617) 444-3000
Fax
617-444-3001
Employees
9,800
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$109.72
High Stock Price Target
$145.00
Low Stock Price Target
$75.00
Potential Upside/Downside
-5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.32
Trailing P/E Ratio
34.78
Forward P/E Ratio
25.95
P/E Growth
2.69
Net Income
$523.67 million
Net Margins
13.76%
Pretax Margin
16.68%
Return on Equity
14.54%
Return on Assets
7.24%

Debt

Debt-to-Equity Ratio
0.82
Current Ratio
2.30
Quick Ratio
2.30

Sales & Book Value

Annual Sales
$3.74 billion
Price / Sales
4.65
Cash Flow
$7.99 per share
Price / Cash Flow
14.45
Book Value
$27.73 per share
Price / Book
4.16

Miscellaneous

Outstanding Shares
150,832,000
Free Float
148,117,000
Market Cap
$17.42 billion
Optionable
Optionable
Beta
0.79

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Should I Buy Akamai Technologies Stock? AKAM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Akamai Technologies was last updated on Sunday, December 3, 2023 at 4:21 PM.

Pros

Here are some ways that investors could benefit from investing in Akamai Technologies, Inc.:

  • Akamai Technologies, Inc. provides cloud services for securing, delivering, and computing content, applications, and software over the internet. This positions the company in a growing market with increasing demand for cloud-based solutions.
  • Akamai Technologies, Inc. has a strong track record of innovation and continuous development of its services. This allows the company to stay competitive and adapt to changing market trends.
  • The company has a diverse customer base, including leading global brands and government organizations. This provides stability and potential for long-term partnerships and revenue growth.
  • Akamai Technologies, Inc. has a strong financial position, with consistent revenue growth and profitability. This indicates a stable and well-managed company that can generate returns for investors.
  • Recent developments in Akamai Technologies, Inc. have shown positive performance, including an increase in stock price. This indicates investor confidence and potential for future growth.

Cons

Investors should be bearish about investing in Akamai Technologies, Inc. for these reasons:

  • While Akamai Technologies, Inc. operates in a growing market, it also faces intense competition from other cloud service providers. This could potentially impact the company's market share and profitability.
  • The company's success is dependent on the continuous adoption of cloud-based solutions by businesses and organizations. Any slowdown in this adoption rate could affect Akamai Technologies, Inc.'s growth prospects.
  • As a technology company, Akamai Technologies, Inc. is exposed to cybersecurity risks and potential data breaches. Any significant security incident could damage the company's reputation and result in financial losses.
  • Changes in government regulations and policies related to internet services and data privacy could impact Akamai Technologies, Inc.'s operations and profitability.
  • Investing in individual stocks, including Akamai Technologies, Inc., carries inherent market risks. Investors should carefully consider their risk tolerance and diversify their investment portfolio.














AKAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 1 sell rating, 6 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

18 Wall Street analysts have issued twelve-month price objectives for Akamai Technologies' stock. Their AKAM share price targets range from $75.00 to $145.00. On average, they expect the company's stock price to reach $109.72 in the next year. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for AKAM or view top-rated stocks among Wall Street analysts.

How have AKAM shares performed in 2023?

Akamai Technologies' stock was trading at $84.30 on January 1st, 2023. Since then, AKAM shares have increased by 36.6% and is now trading at $115.19.
View the best growth stocks for 2023 here.

When is Akamai Technologies' next earnings date?

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

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Tuesday, November, 7th. The technology infrastructure company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by $0.17. The technology infrastructure company earned $965.48 million during the quarter, compared to analyst estimates of $944.57 million. Akamai Technologies had a net margin of 13.76% and a trailing twelve-month return on equity of 14.54%.

What ETFs hold Akamai Technologies' stock?

ETFs with the largest weight of Akamai Technologies (NASDAQ:AKAM) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), Global X Cloud Computing ETF (CLOU), iShares Cybersecurity and Tech ETF (IHAK), SPDR S&P Internet ETF (XWEB), Defiance Next Gen Connectivity ETF (FIVG), First Trust Nasdaq Cybersecurity ETF (CIBR) and Invesco Next Gen Connectivity ETF (PXQ).

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

Akamai Technologies issued an update on its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided earnings per share (EPS) guidance of $1.57-1.62 for the period, compared to the consensus estimate of $1.54. The company issued revenue guidance of $985 million -$1.005 billion, compared to the consensus revenue estimate of $986.84 million.

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 variety of institutional and retail investors. Top institutional investors include Nordea Investment Management AB (2.69%), Legal & General Group Plc (1.73%), Mackenzie Financial Corp (1.40%), Jericho Capital Asset Management L.P. (1.36%), Northern Trust Corp (1.27%) and Earnest Partners LLC (1.19%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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
This page (NASDAQ:AKAM) was last updated on 12/5/2023 by MarketBeat.com Staff

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