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

18 Wall Street 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 analysts is that investors should "moderate buy" AKAM shares.
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18 analysts have issued 12-month price targets for Akamai Technologies' shares. Their AKAM share price targets range from $75.00 to $145.00. On average, they expect the company's share price to reach $109.72 in the next year. This suggests that the stock has a possible downside of 5.0%.
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Akamai Technologies' stock was trading at $84.30 on January 1st, 2023. Since then, AKAM shares have increased by 37.0% and is now trading at $115.53.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Tuesday, November, 7th. The technology infrastructure company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.17. The technology infrastructure company had revenue of $965.48 million for the quarter, compared to analysts' expectations of $944.57 million. Akamai Technologies had a net margin of 13.76% and a trailing twelve-month return on equity of 14.54%.

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).

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 earnings per share 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.

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.

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).

Akamai Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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.
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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.
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