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

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

Akamai Technologies announced that its board has initiated a share repurchase plan on Friday, March 9th 2018, which authorizes the company to buyback $417,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Monday, April, 30th. The technology infrastructure company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.70 by $0.09. The technology infrastructure company had revenue of $669 million for the quarter, compared to the consensus estimate of $654.37 million. Akamai Technologies had a return on equity of 10.04% and a net margin of 7.46%. The company's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm 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 guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus 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 Wall Street analysts have issued twelve-month price targets for Akamai Technologies' stock. Their predictions range from $47.00 to $92.00. On average, they expect Akamai Technologies' share price to reach $75.50 in the next twelve months. This suggests that the stock has a possible downside of 4.3%. 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 Fidelity National Information Servcs (FIS), NetEase (NTES), eBay (EBAY), Ctrip.Com International (CTRP), First Data (FDC), FleetCor Technologies (FLT), Global Payments (GPN), Mercadolibre (MELI), Total System Services (TSS), Worldpay (WP), CoStar Group (CSGP), Msci (MSCI), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS) and CIELO S A/S (CIOXY).

Press coverage about AKAM stock has trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.24 on Accern's scale. They also gave media coverage about the technology infrastructure company an impact score of 46.73 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Akamai Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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., Hartford Investment Management Co., Assenagon Asset Management S.A., Tokio Marine Asset Management Co. Ltd., Pendal Group Ltd and Addenda Capital Inc.. 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, Cornerstone Wealth Management LLC, Hexavest Inc. and Amalgamated Bank. 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 $78.91.

Akamai Technologies has a market capitalization of $13.46 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]