NASDAQ:AKAM - Akamai Technologies Stock Price, Price Target & More

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

Akamai Technologies declared that its Board of Directors has initiated a share repurchase program on Friday, March 9th 2018, which permits the company to buyback $417,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings results on Monday, April, 30th. The technology infrastructure company reported $0.79 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.09. The technology infrastructure company earned $669 million during the quarter, compared to analysts' expectations of $654.37 million. Akamai Technologies had a return on equity of 10.04% and a net margin of 7.46%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on its FY18 earnings guidance on Tuesday, June, 26th. The company provided earnings per share (EPS) guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.27. The company issued revenue guidance of 2.675-2.705 billion, compared to the consensus revenue estimate of $2.72 billion.Akamai Technologies also updated its Q2 guidance to $0.79.0.81 EPS.

22 brokerages have issued twelve-month price targets for Akamai Technologies' stock. Their forecasts range from $47.00 to $92.00. On average, they expect Akamai Technologies' share price to reach $75.00 in the next year. This suggests that the stock has a possible downside of 4.6%. View Analyst Ratings for Akamai Technologies.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Akamai Technologies include eBay (EBAY), Fidelity National Information Servcs (FIS), NetEase (NTES), Ctrip.Com International (CTRP), First Data (FDC), FleetCor Technologies (FLT), Global Payments (GPN), Total System Services (TSS), CoStar Group (CSGP), Worldpay (WP), Msci (MSCI), Mercadolibre (MELI), Broadridge Financial Solutions (BR), Zillow Group Inc Class A (ZG) and CIELO S A/S (CIOXY).

Press coverage about AKAM stock has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Akamai Technologies earned a coverage optimism score of 0.15 on Accern's scale. They also assigned news articles about the technology infrastructure company an impact score of 46.84 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Akamai Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include Hexavest Inc. (0.36%), LGT Capital Partners LTD. (0.25%), Assenagon Asset Management S.A. (0.10%), Bank of Montreal Can (0.09%), Retirement Systems of Alabama (0.05%) and Addenda Capital Inc. (0.04%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, F Thomson Leighton, Frederic V Salerno, James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe, Steven Scopellite 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 NN Investment Partners Holdings N.V., Bank of Montreal Can, LGT Capital Partners LTD., Assenagon Asset Management S.A., Pendal Group Ltd, Addenda Capital Inc., Reliance Trust Co. of Delaware and Gateway Investment Advisers LLC. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, James Gemmell, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was purchased by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Dorsey Wright & Associates, Clinton Group Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Hexavest Inc., Fox Run Management L.L.C. and XR Securities LLC. Company insiders that have bought Akamai Technologies stock in the last two years include F Thomson Leighton and Frederic V Salerno. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of AKAM stock can currently be purchased for approximately $78.63.

Akamai Technologies has a market capitalization of $13.25 billion and generates $2.50 billion in revenue each year. The technology infrastructure company earns $218.32 million in net income (profit) each year or $1.90 on an earnings per share basis. Akamai Technologies employs 7,650 workers across the globe.

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]