NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AKAM stock has increased by 29.4% and is now trading at $112.61. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies.

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Akamai Technologies.

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Tuesday, April, 28th. The technology infrastructure company reported $1.20 EPS for the quarter, beating the Zacks' consensus estimate of $1.16 by $0.04. The technology infrastructure company had revenue of $764.30 million for the quarter, compared to analyst estimates of $749.75 million. Akamai Technologies had a net margin of 16.74% and a return on equity of 16.54%. The company's revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. View Akamai Technologies' earnings history.

Akamai Technologies declared that its board has initiated a share buyback plan on Monday, October 29th 2018, which permits the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 10.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Akamai Technologies updated its first quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share guidance of $1.18-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. The company issued revenue guidance of $752-778 million, compared to the consensus revenue estimate of $749.75 million.

21 Wall Street analysts have issued twelve-month price objectives for Akamai Technologies' stock. Their forecasts range from $91.00 to $150.00. On average, they expect Akamai Technologies' stock price to reach $111.84 in the next year. This suggests that the stock has a possible downside of 0.7%. View analysts' price targets for Akamai Technologies.

Media coverage about AKAM stock has trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Akamai Technologies earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media coverage about the technology infrastructure company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Akamai Technologies.

Akamai Technologies saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,050,000 shares, an increase of 5.2% from the June 15th total of 5,750,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is presently 2.7 days. Currently, 3.8% of the company's stock are short sold. View Akamai Technologies' Current Options Chain.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), J2 Global (JCOM), LivePerson (LPSN), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Akamai Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX), Intel (INTC), Adobe (ADBE), salesforce.com (CRM), Advanced Micro Devices (AMD) and Walt Disney (DIS).

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

Akamai Technologies' stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Municipal Employees Retirement System of Michigan (0.00%), Orrstown Financial Services Inc. (0.00%), Fulton Bank N. A. (0.00%) and Ellevest Inc. (0.00%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Jill A Greenthal, Monte E Ford, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View institutional ownership trends for Akamai Technologies.

AKAM stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Fulton Bank N. A., and Orrstown Financial Services Inc.. 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, Jill A Greenthal, Rick M Mcconnell, and Robert Blumofe. View insider buying and selling activity for Akamai Technologies.

AKAM stock was purchased by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, and Ellevest Inc.. View insider buying and selling activity for 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.

One share of AKAM stock can currently be purchased for approximately $112.61.

Akamai Technologies has a market capitalization of $18.27 billion and generates $2.89 billion in revenue each year. The technology infrastructure company earns $478.04 million in net income (profit) each year or $3.61 on an earnings per share basis. Akamai Technologies employs 3,639 workers across the globe.

The official website for Akamai Technologies is www.akamai.com.

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]