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NASDAQ:AKAM - Akamai Technologies Stock Price, Forecast & News

$83.85
-0.24 (-0.29 %)
(As of 12/12/2019 06:12 AM ET)
Today's Range
$83.26
Now: $83.85
$84.45
50-Day Range
$83.87
MA: $86.94
$89.75
52-Week Range
$57.18
Now: $83.85
$93.12
Volume810,163 shs
Average Volume1.20 million shs
Market Capitalization$13.55 billion
P/E Ratio30.38
Dividend YieldN/A
Beta0.59
Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients. Read More…

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Current SymbolNASDAQ:AKAM
CUSIP00971T10
Phone617-444-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.71 billion
Cash Flow$5.77 per share
Book Value$19.60 per share

Profitability

Net Income$298.37 million

Miscellaneous

Employees7,519
Market Cap$13.55 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableOptionable

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Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

What is Akamai Technologies' stock symbol?

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

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its board has approved a stock repurchase program on Monday, October 29th 2018, which authorizes the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 10.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings results on Monday, October, 28th. The technology infrastructure company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. The technology infrastructure company had revenue of $709.91 million for the quarter, compared to analyst estimates of $701.25 million. Akamai Technologies had a return on equity of 16.76% and a net margin of 15.98%. The firm's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. View Akamai Technologies' Earnings History.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Akamai Technologies.

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

Akamai Technologies issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $735-755 million, compared to the consensus revenue estimate of $747.07 million.

What price target have analysts set for AKAM?

17 brokerages have issued 12-month target prices for Akamai Technologies' shares. Their forecasts range from $58.00 to $111.00. On average, they anticipate Akamai Technologies' stock price to reach $92.73 in the next year. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Akamai Technologies.

What is the consensus analysts' recommendation for Akamai Technologies?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

What are Wall Street analysts saying about Akamai Technologies stock?

Here are some recent quotes from research analysts about Akamai Technologies stock:
  • 1. According to Zacks Investment Research, "Akamai is benefiting from robust performance of cloud security business, growth in Media & Carrier Division. Solid demand for Kona Site Defender, Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. Also, growing influence of its security solutions among media customers, favors growth prospects. The traction gained by Enterprise Application Access and Enterprise Threat Protector is noteworthy. Further, increasing adoption of mobile data/apps amid growing mobile data traffic bodes well. Strong traffic growth in gaming, software, video downloads, and, OTT and CDN verticals, is a positive. Notably, shares of the company have outperformed the industry in the past year. However, unfavorable foreign exchange and seasonal summer traffic remain concerns. Further, increasing bandwidth costs are a headwind." (6/25/2019)
  • 2. Evercore ISI analysts commented, "We attended 2019 conference in Las Vegas. The conference included an investor session for the first time which we believe was appreciated by all in attendance. The conference had a positive tone overall with a crowd that had significant interest in Akamai’s offerings. The conference reinforced core traffic centric growth drivers for the business while outlining improvements being made to support continued growth in the company’s pivot to the security market. Looking forward the company highlighted emerging themes such as 5G, IoT and Blockchain as areas for future growth. See below / within for more insights from the conference. Zero Overage. The company model launched a new fixed fee pricing model for web performance and security customers. We believe this initiative was at least in part driven by customer feedback." (6/13/2019)

Has Akamai Technologies been receiving favorable news coverage?

Media stories about AKAM stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Akamai Technologies earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave press coverage about the technology infrastructure company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Akamai Technologies.

Who are some of Akamai Technologies' key competitors?

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), Micron Technology (MU), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM), Adobe (ADBE), Twitter (TWTR) and Walt Disney (DIS).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the folowing people:
  • Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 62)
  • Mr. Rick M. McConnell, Pres & GM of Web Division (Age 53)
  • Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 54)
  • Mr. Adam Karon, Exec. VP and GM of Media & Carrier Divisions (Age 47)
  • Mr. James Benson, Exec. Advisor (Age 52)

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include First Trust Advisors LP (2.03%), Disciplined Growth Investors Inc. MN (0.97%), Robeco Institutional Asset Management B.V. (0.68%), LGT Capital Partners LTD. (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.41%) and Parametric Portfolio Associates LLC (0.33%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, F Thomson Leighton, Frederic V Salerno, James Gemmell, Monte E Ford, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Institutional Ownership Trends for Akamai Technologies.

Which institutional investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including Worldquant Millennium Advisors LLC, Fairpointe Capital LLC, Strs Ohio, Kornitzer Capital Management Inc. KS, Russell Investments Group Ltd., Stifel Financial Corp, Systematic Financial Management LP and SG Americas Securities LLC. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Monte E Ford, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

Which institutional investors are buying Akamai Technologies stock?

AKAM stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Group LLC, Cookson Peirce & Co. Inc., Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A., Columbus Circle Investors, First Trust Advisors LP, Davis R M Inc. and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Akamai Technologies.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $83.85.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $13.55 billion and generates $2.71 billion in revenue each year. The technology infrastructure company earns $298.37 million in net income (profit) each year or $2.76 on an earnings per share basis. Akamai Technologies employs 7,519 workers across the globe.View Additional Information About Akamai Technologies.

What is Akamai Technologies' official website?

The official website for Akamai Technologies is http://www.akamai.com/.

How can I contact Akamai Technologies?

Akamai Technologies' mailing address is 150 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]


MarketBeat Community Rating for Akamai Technologies (NASDAQ AKAM)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,083 (Vote Outperform)
Underperform Votes:  876 (Vote Underperform)
Total Votes:  1,959
MarketBeat's community ratings are surveys of what our community members think about Akamai Technologies and other stocks. Vote "Outperform" if you believe AKAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKAM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2019 by MarketBeat.com Staff

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