NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Price, News & Analysis

$101.76
+0.88 (+0.87%)
(As of 04/23/2024 ET)
Today's Range
$101.12
$102.11
50-Day Range
$100.34
$125.05
52-Week Range
$76.85
$129.17
Volume
970,786 shs
Average Volume
1.64 million shs
Market Capitalization
$15.42 billion
P/E Ratio
28.83
Dividend Yield
N/A
Price Target
$121.27

Akamai Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
19.2% Upside
$121.27 Price Target
Short Interest
Bearish
5.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
1.04mentions of Akamai Technologies in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$3.69 M Sold Last Quarter
Proj. Earnings Growth
10.54%
From $4.84 to $5.35 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.

4.25 out of 5 stars

Computer And Technology Sector

143rd out of 591 stocks

Business Services, Not Elsewhere Classified Industry

24th out of 87 stocks

AKAM stock logo

About Akamai Technologies Stock (NASDAQ:AKAM)

Akamai Technologies, Inc. provides cloud computing, security, and content delivery services 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 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 various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

AKAM Stock Price History

AKAM Stock News Headlines

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There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Akamai Jumps on New Product
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Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
AKAM Mar 2025 130.000 call
AKAM Mar 2025 140.000 call
AKAM Apr 2024 111.000 call
3 Software Buys Surging Toward April Success
Akamai Technologies Inc.
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/09/2024
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
10,250
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$121.27
High Stock Price Target
$150.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$547.63 million
Pretax Margin
17.12%

Debt

Sales & Book Value

Annual Sales
$3.81 billion
Cash Flow
$8.42 per share
Book Value
$30.48 per share

Miscellaneous

Free Float
148,499,000
Market Cap
$15.42 billion
Optionable
Optionable
Beta
0.72

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

Pros

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

  • Akamai Technologies, Inc. has shown substantial profits driven by record security services, indicating strong revenue potential.
  • The company's growth in security services, including acquisitions like Neosec and Guardicore, showcases a commitment to cybersecurity innovation and market expansion.
  • Akamai's compute division offers serverless and edge computing services, crucial for real-time applications like gaming and video streaming, presenting diversified revenue streams.
  • Recent financial reports have shown positive performance, with the company beating earnings expectations in Q1 2023, reflecting operational efficiency and market competitiveness.
  • Akamai's cloud and security services are driving growth, attracting new customers and expanding market share, indicating a strong position in the industry.

Cons

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

  • Market volatility and competition in the cloud computing and cybersecurity sectors may pose challenges to sustained growth and profitability for Akamai.
  • Dependency on legacy CDN services as a cash cow could limit innovation and hinder the company's ability to adapt to rapidly evolving market trends.
  • Fluctuations in technology trends and customer preferences may impact Akamai's ability to maintain its competitive edge and relevance in the market.
  • External factors such as regulatory changes or cybersecurity threats could disrupt Akamai's operations and financial performance, leading to potential risks for investors.
  • Investors should carefully consider the current stock price and valuation metrics to assess the investment opportunity and potential returns in relation to market conditions and industry dynamics.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Akamai Technologies pros and cons to contact@marketbeat.com.

AKAM Stock Analysis - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 2 sell ratings, 4 hold ratings, 9 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?

16 brokerages have issued twelve-month price targets for Akamai Technologies' stock. Their AKAM share price targets range from $81.00 to $150.00. On average, they predict the company's share price to reach $121.27 in the next twelve months. This suggests a possible upside of 19.2% 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 at the beginning of 2024. Since then, AKAM shares have decreased by 14.0% and is now trading at $101.76.
View the best growth stocks for 2024 here
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 8,000,000 shares, an increase of 7.4% from the March 15th total of 7,450,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is presently 4.7 days. Currently, 5.4% of the company's stock are sold short.
View Akamai Technologies' Short Interest
.

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our AKAM earnings forecast
.

How can I listen to Akamai Technologies' earnings call?

Akamai Technologies will be holding an earnings conference call on Thursday, May 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6371585".

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, February, 13th. The technology infrastructure company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.10. The technology infrastructure company had revenue of $995 million for the quarter, compared to analysts' expectations of $999.09 million. Akamai Technologies had a net margin of 14.37% and a trailing twelve-month return on equity of 14.90%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.01 earnings per share.
Read the conference call transcript
.

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

Akamai Technologies issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS 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 shareholders include Portman Square Capital LLP (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Leeward Investments LLC MA (0.10%), WASHINGTON TRUST Co (0.08%), Los Angeles Capital Management LLC (0.06%) and IMC Chicago LLC (0.00%). 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 4/23/2024 by MarketBeat.com Staff

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