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NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Forecast, Price & News

$92.69
-0.19 (-0.20%)
(As of 02:04 PM ET)
Compare
Today's Range
$92.49
$93.80
50-Day Range
$76.55
$93.84
52-Week Range
$70.65
$101.78
Volume
342,634 shs
Average Volume
1.58 million shs
Market Capitalization
$14.11 billion
P/E Ratio
32.41
Dividend Yield
N/A
Price Target
$101.06

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
8.7% Upside
$101.06 Price Target
Short Interest
Bearish
6.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.34mentions of Akamai Technologies in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.67 M Sold Last Quarter
Proj. Earnings Growth
9.31%
From $4.51 to $4.93 Per Share

Overall MarketRank

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

1.98 out of 5 stars

Computer And Technology Sector

179th out of 594 stocks

Business Services, Not Elsewhere Classified Industry

38th out of 90 stocks


AKAM stock logo

About Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel M. Lewin on August 20, 1998 and is headquartered in Cambridge, MA.

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AKAM Stock News Headlines

Dynatrace Stock Surges On AI, 'Mandatory' Network Monitoring (AKAM)
Investors are cheering Dynatrace's revenue and earnings growth, which fueled strong price gains. Dynatrace is known for its AI-driven observability platform.
Akamai Technologies Soars on Robust Cybersecurity and Cloud Sales
Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) had substantial profits driven by record security
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
Massive Insider Trade At Akamai Techs
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
RBC Capital Sticks to Its Hold Rating for Akamai (AKAM)
See More Headlines

AKAM Price History

AKAM Company Calendar

Last Earnings
5/09/2023
Today
6/08/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
9,800
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$101.06
High Stock Price Forecast
$137.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$523.67 million
Pretax Margin
17.20%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$8.01 per share
Book Value
$27.73 per share

Miscellaneous

Free Float
149,462,000
Market Cap
$14.17 billion
Optionable
Optionable
Beta
0.80

Social Links


Key Executives

  • Tom Leighton
    President, Chief Executive Officer & Director
  • Adam KaronAdam Karon
    COO & General Manager-Cloud Technology Group
  • Edward J. McGowanEdward J. McGowan
    Chief Financial Officer, Treasurer & EVP
  • Robert BlumofeRobert Blumofe
    Chief Technology Officer & Executive VP
  • Kate Prouty
    Chief Information Officer & Senior VP













AKAM Stock - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

13 Wall Street equities research 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AKAM shares. 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 AKAM analyst ratings
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2023?

13 Wall Street analysts have issued 12 month price objectives for Akamai Technologies' shares. Their AKAM share price forecasts range from $75.00 to $137.00. On average, they predict the company's share price to reach $101.06 in the next year. This suggests a possible upside of 8.8% 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 2023?

Akamai Technologies' stock was trading at $84.30 on January 1st, 2023. Since then, AKAM stock has increased by 10.2% and is now trading at $92.88.
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, August 8th 2023.
View our AKAM earnings forecast
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Tuesday, May, 9th. The technology infrastructure company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.08. The technology infrastructure company had revenue of $916 million for the quarter, compared to the consensus estimate of $912.13 million. Akamai Technologies had a net margin of 12.50% and a trailing twelve-month return on equity of 14.63%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share.
Read the conference call transcript
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its Board of Directors has approved a stock buyback program 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 programs are often 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 FY23 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $5.69-$5.84 for the period, compared to the consensus estimate of $5.48. The company issued revenue guidance of $3.74-$3.785 billion, compared to the consensus revenue estimate of $3.73 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).

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 shareholders include Nordea Investment Management AB (3.24%), First Trust Advisors LP (2.68%), Geode Capital Management LLC (2.27%), King Luther Capital Management Corp (1.69%), Champlain Investment Partners LLC (1.58%) and Mackenzie Financial Corp (1.34%). 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.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $92.88.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $14.14 billion and generates $3.62 billion in revenue each year. The technology infrastructure company earns $523.67 million in net income (profit) each year or $2.86 on an earnings per share basis.

How many employees does Akamai Technologies have?

The company employs 9,800 workers across the globe.

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
How can I contact Akamai Technologies?

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

This page (NASDAQ:AKAM) was last updated on 6/8/2023 by MarketBeat.com Staff

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