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PYPL   58.35 (+1.51%)
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MSFT   411.65 (+2.35%)
META   486.13 (+3.87%)
GOOGL   144.09 (+1.08%)
AMZN   174.58 (+3.55%)
TSLA   197.41 (+1.36%)
NVDA   785.38 (+16.40%)
NIO   5.85 (-2.01%)
AMD   181.86 (+10.69%)
BABA   76.12 (+0.70%)
T   16.59 (-2.41%)
F   12.12 (-0.16%)
MU   85.91 (+5.42%)
CGC   3.37 (-2.03%)
GE   151.67 (+1.74%)
DIS   107.63 (-0.04%)
AMC   4.42 (-3.28%)
PFE   27.55 (-0.43%)
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NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Price, News & Analysis

$106.95
-0.21 (-0.20%)
(As of 02/22/2024 ET)
Today's Range
$106.58
$108.71
50-Day Range
$106.95
$128.32
52-Week Range
$70.65
$129.17
Volume
3.47 million shs
Average Volume
1.81 million shs
Market Capitalization
$16.13 billion
P/E Ratio
30.30
Dividend Yield
N/A
Price Target
$116.71

Akamai Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
9.1% Upside
$116.71 Price Target
Short Interest
Healthy
5.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.70mentions of Akamai Technologies in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$1.66 M Sold Last Quarter
Proj. Earnings Growth
10.33%
From $4.84 to $5.34 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.

4.30 out of 5 stars

Computer And Technology Sector

128th out of 585 stocks

Business Services, Not Elsewhere Classified Industry

19th out of 80 stocks


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

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Akamai Technologies (NASDAQ:AKAM) Rating Lowered to Reduce at HSBC
Shocking Bank Secret of the Ultra-Rich
A 229-year-old banking secret is behind some of the wealthiest, most powerful dynasties in American history –  here's how it could help you in 2024.
Akamai Technologies (NASDAQ:AKAM) PT Raised to $128.00
Demystifying Akamai Techs: Insights From 7 Analyst Reviews
KeyBanc Reaffirms Their Buy Rating on Akamai (AKAM)
Why Akamai (AKAM) Stock Is Trading Lower Today
Q4 2023 Akamai Technologies Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
2/22/2024
Next Earnings (Estimated)
5/14/2024
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
9,800
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$116.71
High Stock Price Target
$150.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+9.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
19 Analysts

Profitability

Net Income
$547.63 million
Pretax Margin
16.68%

Debt

Sales & Book Value

Annual Sales
$3.81 billion
Cash Flow
$7.92 per share
Book Value
$27.73 per share

Miscellaneous

Free Float
148,117,000
Market Cap
$16.13 billion
Optionable
Optionable
Beta
0.76

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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 Tuesday, February 20, 2024 at 3:51 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.

Cons

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

  • Akamai Technologies, Inc. stock price is currently at $120 per share, which may be considered high by some investors.














AKAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 2 sell ratings, 6 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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?

19 brokers have issued 1-year price objectives for Akamai Technologies' shares. Their AKAM share price targets range from $79.00 to $150.00. On average, they expect the company's stock price to reach $116.71 in the next year. This suggests a possible upside of 9.1% 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 2024?

Akamai Technologies' stock was trading at $118.35 on January 1st, 2024. Since then, AKAM shares have decreased by 9.6% and is now trading at $106.95.
View the best growth stocks for 2024 here
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 8,280,000 shares, a decrease of 11.3% from the January 15th total of 9,340,000 shares. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 5.6% of the shares of the company are short sold.
View Akamai Technologies' Short Interest
.

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our AKAM earnings forecast
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings results on Tuesday, February, 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.59 by $0.10. The technology infrastructure company earned $995 million during the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a net margin of 14.37% and a trailing twelve-month return on equity of 15.19%. Akamai Technologies's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS.
Read the conference call transcript
.

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

Akamai Technologies updated its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 1.590-1.640 for the period, compared to the consensus estimate of 1.590. The company issued revenue guidance of $980.0 million-$1.0 billion, compared to the consensus revenue estimate of $993.4 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 Vanguard Group Inc. (11.69%), First Trust Advisors LP (2.14%), Nordea Investment Management AB (1.93%), Norges Bank (1.82%), Legal & General Group Plc (1.79%) and King Luther Capital Management Corp (1.60%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
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This page (NASDAQ:AKAM) was last updated on 2/22/2024 by MarketBeat.com Staff