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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
NASDAQ:AKAM

Akamai Technologies Stock Forecast, Price & News

$92.39
-2.13 (-2.25%)
(As of 06/28/2022 12:00 AM ET)
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Today's Range
$92.25
$95.11
50-Day Range
$87.46
$121.92
52-Week Range
$86.99
$123.25
Volume
1.34 million shs
Average Volume
1.72 million shs
Market Capitalization
$14.81 billion
P/E Ratio
24.84
Dividend Yield
N/A
Price Target
$127.50
30 days | 90 days | 365 days | Advanced Chart

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AKAM Stock Forecast (MarketRank)

Overall MarketRank

2.57 out of 5 stars

Computer And Technology Sector

183rd out of 937 stocks

Business Services, Not Elsewhere Classified Industry

25th out of 146 stocks

Analyst Opinion: 3.2Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
Akamai Technologies logo

About Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications 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 edge compute solutions to enable developers to deploy and distribute code at the edge. 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. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

AKAM Stock News Headlines

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Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
8,700
Year Founded
1998

Company Calendar

Last Earnings
5/03/2022
Today
6/29/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$127.50
High Stock Price Forecast
$168.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+38.0%
Consensus Rating
Hold
Rating Score (0-4)
2.41666666666667
Research Coverage
12 Analysts

Profitability

Net Income
$651.64 million
Pretax Margin
20.46%

Debt

Sales & Book Value

Annual Sales
$3.46 billion
Cash Flow
$8.47 per share
Book Value
$27.88 per share

Miscellaneous

Free Float
157,580,000
Market Cap
$14.81 billion
Optionable
Optionable
Beta
0.61

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Akamai Technologies Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Akamai Technologies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKAM, but not buy additional shares or sell existing shares.
View analyst ratings for Akamai Technologies
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2022?

12 analysts have issued 12 month price objectives for Akamai Technologies' stock. Their AKAM stock forecasts range from $90.00 to $168.00. On average, they predict Akamai Technologies' share price to reach $127.50 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price.
View analysts' price targets for Akamai Technologies
or view top-rated stocks among Wall Street analysts.

How has Akamai Technologies' stock price performed in 2022?

Akamai Technologies' stock was trading at $117.04 at the start of the year. Since then, AKAM shares have decreased by 21.1% and is now trading at $92.39.
View the best growth stocks for 2022 here
.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Akamai Technologies
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Tuesday, May, 3rd. The technology infrastructure company reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by $0.01. The technology infrastructure company earned $903.65 million during the quarter, compared to analysts' expectations of $904.89 million. Akamai Technologies had a trailing twelve-month return on equity of 17.42% and a net margin of 17.46%. Akamai Technologies's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share.
View Akamai Technologies' earnings history
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 2nd 2021, which authorizes the company to buyback $1,800,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

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

Akamai Technologies issued an update on its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $1.28-$1.33 for the period, compared to the consensus estimate of $1.45. The company issued revenue guidance of $890.00 million-$905.00 million, compared to the consensus revenue estimate of $924.54 million.

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the following people:

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

1,067 employees have rated Akamai Technologies CEO Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among Akamai Technologies' 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).

What is Akamai Technologies' stock symbol?

Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM."

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.15%), Canada Pension Plan Investment Board (4.60%), Nordea Investment Management AB (3.58%), First Trust Advisors LP (2.65%), King Luther Capital Management Corp (1.73%) and Mackenzie Financial Corp (1.35%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, 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 for Akamai Technologies
.

Which major investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., New York State Common Retirement Fund, APG Asset Management N.V., Nordea Investment Management AB, First Trust Advisors LP, Bank of Nova Scotia, ING Groep NV, and LGT Capital Partners LTD.. Company insiders that have sold Akamai Technologies company stock in the last two years include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Jill A Greenthal, Kim Salem-Jackson, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Paul C Joseph, Rick M Mcconnell, and Robert Blumofe.
View insider buying and selling activity for Akamai Technologies
or view top insider-selling stocks.

Which major investors are buying Akamai Technologies stock?

AKAM stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Caisse DE Depot ET Placement DU Quebec, Champlain Investment Partners LLC, Walleye Trading LLC, Vanguard Group Inc., Jane Street Group LLC, Leeward Investments LLC MA, and Simplex Trading LLC.
View insider buying and selling activity for Akamai Technologies
or or view top insider-buying stocks.

How do I buy shares of Akamai Technologies?

Shares of AKAM 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.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $92.39.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $14.81 billion and generates $3.46 billion in revenue each year. The technology infrastructure company earns $651.64 million in net income (profit) each year or $3.72 on an earnings per share basis.

How many employees does Akamai Technologies have?

Akamai Technologies employs 8,700 workers across the globe.

Does Akamai Technologies have any subsidiaries?

The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAM MEXICO TECHNOLOGIES S. DE R.L. DE C.V., AKAMAI BEIJING TECHNOLOGIES CO. 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 INC., 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

When was Akamai Technologies founded?

Akamai Technologies was founded in 1998.

How can I contact Akamai Technologies?

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The official website for Akamai Technologies is www.akamai.com. The technology infrastructure company can be reached via phone at (617) 444-3000, via email at [email protected], or via fax at 617-444-3001.

This page (NASDAQ:AKAM) was last updated on 6/29/2022 by MarketBeat.com Staff

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