NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Akamai Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $99.06 -2.78 (-2.73 %) (As of 06/5/2020 11:05 AM ET) Add Compare Share Today's Range$98.98Now: $99.06▼$101.8350-Day Range$95.37MA: $101.08▼$106.2452-Week Range$75.18Now: $99.06▼$108.25Volume691,347 shsAverage Volume1.92 million shsMarket Capitalization$16.07 billionP/E Ratio32.91Dividend YieldN/ABeta0.36 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. The company also offers enterprise security solutions, including Enterprise Application Access that enables remote access to applications; and Enterprise Threat Protector to enable enterprise security teams to identify, block, and mitigate targeted attacks. In addition, the company provides Web and mobile performance solutions, such as Ion, a suite of intelligent performance optimization tools and controls; Dynamic Site Accelerator to accelerate and secure interactive Websites; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; and mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website. Further, it provides carrier solutions, including Aura Managed CDN, intelligent recursive DNS platforms, and security and personalization services; and media delivery solutions, such as adaptive delivery, download delivery, media services live, and media analytics, as well as NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingAkamai Technologies has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 15 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $107.89, Akamai Technologies has a potential upside of 7.7% from its current price of $100.15.Amount of Analyst CoverageAkamai Technologies has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.8 Community Rank Outperform VotesAkamai Technologies has received 1,139 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAkamai Technologies has received 917 “underperform” votes. (Add your “underperform” vote.)Community SentimentAkamai Technologies has received 55.40% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldAkamai Technologies does not currently pay a dividend.Dividend GrowthAkamai Technologies does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Akamai Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,101,440.00 in company stock.Percentage Held by InsidersOnly 2.40% of the stock of Akamai Technologies is held by insiders.Percentage Held by Institutions87.17% of the stock of Akamai Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Akamai Technologies are expected to grow by 8.14% in the coming year, from $3.93 to $4.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Akamai Technologies is 33.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.22.Price to Earnings Ratio vs. SectorThe P/E ratio of Akamai Technologies is 33.27, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.71.Price to Earnings Growth RatioAkamai Technologies has a PEG Ratio of 2.13. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAkamai Technologies has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.48 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Business services, not elsewhere classified Sub-IndustryInternet Software & Services SectorComputer and Technology Current SymbolNASDAQ:AKAM Previous Symbol CUSIP00971T10 CIK1086222 Webwww.akamai.com Phone617-444-3000Debt Debt-to-Equity Ratio0.69 Current Ratio3.20 Quick Ratio3.20Price-To-Earnings Trailing P/E Ratio32.91 Forward P/E Ratio25.20 P/E Growth2.13 Sales & Book Value Annual Sales$2.89 billion Price / Sales5.55 Cash Flow$6.44 per share Price / Cash Flow15.37 Book Value$22.64 per share Price / Book4.38Profitability EPS (Most Recent Fiscal Year)$3.61 Net Income$478.04 million Net Margins16.74% Return on Equity16.54% Return on Assets9.17%Miscellaneous Employees3,639 Outstanding Shares162,270,000Market Cap$16.07 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:AKAM Rates by TradingView Receive AKAM News and Ratings via Email Sign-up to receive the latest news and ratings for AKAM and its competitors with MarketBeat's FREE daily newsletter. Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions How has Akamai Technologies' stock been impacted by COVID-19 (Coronavirus)? Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 15.1% and is now trading at $100.15. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Akamai Technologies? 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies. When is Akamai Technologies' next earnings date? Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Akamai Technologies. How were Akamai Technologies' earnings last quarter? Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, April, 28th. The technology infrastructure company reported $1.20 EPS for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.04. The technology infrastructure company earned $764.30 million during the quarter, compared to analyst estimates of $749.75 million. Akamai Technologies had a return on equity of 16.54% and a net margin of 16.74%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. View Akamai Technologies' earnings history. How will Akamai Technologies' stock buyback program work? Akamai Technologies declared that its Board of Directors has authorized a share buyback program on Monday, October 29th 2018, which authorizes the company to buyback $1,100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued. What guidance has Akamai Technologies issued on next quarter's earnings? Akamai Technologies issued an update on its first quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $1.18-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.16. The company issued revenue guidance of $752-778 million, compared to the consensus revenue estimate of $749.75 million. What price target have analysts set for AKAM? 21 brokerages have issued 1-year price targets for Akamai Technologies' stock. Their forecasts range from $89.00 to $130.00. On average, they expect Akamai Technologies' stock price to reach $107.89 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View analysts' price targets 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 delivered stellar Q1 results on the back of robust cloud security solutions growth and increased Internet traffic due to the coronavirus pandemic. Strong performance of Web division and the Media & Carrier division drove the top line. Moreover, solid demand for DDoS prevention, application-layer firewall and bot management services are key catalysts. The traction gained by Secure Web Gateway, Page Integrity Manager, and Enterprise Defender is noteworthy. Further, increasing adoption of mobile data/apps on growing mobile data traffic bodes well. Notably, shares of the company have outperformed the industry in the past year. However, unfavorable foreign exchange and seasonal summer traffic are headwinds. Further, the company has withdrawn 2020 guidance due to uncertainties related to the coronavirus pandemic." (4/30/2020) 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? News coverage about AKAM stock has trended somewhat negative this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a daily sentiment score of -1.7 on InfoTrie's scale. They also assigned press coverage about the technology infrastructure company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutAkamai Technologies. Are investors shorting Akamai Technologies? Akamai Technologies saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 5,770,000 shares, an increase of 5.3% from the April 15th total of 5,480,000 shares. Based on an average trading volume of 2,020,000 shares, the days-to-cover ratio is currently 2.9 days. Approximately 3.6% of the shares of the stock are sold short. View Akamai Technologies' Current Options Chain. Who are some of Akamai Technologies' key competitors? Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), SEA (SE), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and Cimpress (CMPR). View all 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), 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). Who are Akamai Technologies' key executives? Akamai Technologies' management team includes the following 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) What is Akamai Technologies' stock symbol? Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM." Who are Akamai Technologies' major shareholders? Akamai Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (5.05%), Canada Pension Plan Investment Board (2.89%), AQR Capital Management LLC (2.02%), First Trust Advisors LP (1.91%), King Luther Capital Management Corp (1.64%) and Geode Capital Management LLC (1.60%). 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, 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 AQR Capital Management LLC, Wellington Management Group LLP, First Trust Advisors LP, KBC Group NV, APG Asset Management N.V., Alyeska Investment Group L.P., Federated Hermes Inc., and Alberta Investment Management Corp. 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. Which institutional investors are buying Akamai Technologies stock? AKAM stock was purchased by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Wedge Capital Management L L P NC, Sandler Capital Management, Portolan Capital Management LLC, Jag Capital Management LLC, Ardevora Asset Management LLP, Polar Asset Management Partners Inc., and Assenagon Asset Management S.A.. View insider buying and selling activity 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 $100.15. How big of a company is Akamai Technologies? Akamai Technologies has a market capitalization of $16.25 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. What is Akamai Technologies' official website? The official website for Akamai Technologies is www.akamai.com. How can I contact Akamai Technologies? 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] This page was last updated on 6/5/2020 by MarketBeat.com Staff
