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NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

$97.38
+2.16 (+2.27 %)
(As of 04/8/2020 02:43 PM ET)
Add
Compare
Today's Range
$95.40
Now: $97.39
$97.77
50-Day Range
$80.05
MA: $91.34
$102.56
52-Week Range
$73.19
Now: $97.39
$103.34
Volume766,759 shs
Average Volume1.84 million shs
Market Capitalization$15.76 billion
P/E Ratio33.47
Dividend YieldN/A
Beta0.31
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.
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Akamai Technologies logo

Beat the Market (BTM) Rank

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

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$2.89 billion
Cash Flow$6.84 per share
Book Value$22.64 per share

Profitability

Net Income$478.04 million

Miscellaneous

Employees3,639
Market Cap$15.76 billion
Next Earnings Date4/28/2020 (Confirmed)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AKAM shares have increased by 11.3% and is now trading at $96.84. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Akamai Technologies?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 16 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, April 28th 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, February, 11th. The technology infrastructure company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.10. The technology infrastructure company had revenue of $772.12 million for the quarter, compared to the consensus estimate of $749.76 million. Akamai Technologies had a return on equity of 16.86% and a net margin of 16.52%. During the same quarter last year, the business earned $1.07 earnings per share. View Akamai Technologies' earnings history.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its board has approved a stock repurchase plan on Monday, October 29th 2018, which permits the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are often an indication 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 FY20 earnings guidance on Tuesday, February, 11th. The company provided earnings per share guidance of 4.80-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.79. The company issued revenue guidance of 3.055-3.105, compared to the consensus revenue estimate of $3.08 billion.

What price target have analysts set for AKAM?

22 analysts have issued 12-month target prices for Akamai Technologies' stock. Their forecasts range from $70.00 to $120.00. On average, they anticipate Akamai Technologies' share price to reach $101.75 in the next twelve months. This suggests a possible upside of 5.1% 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 Q4 results, which benefited from robust cloud security solutions growth and strong holiday season traffic in e-commerce and media verticals. Strong performance of cloud security business, and growth in Media & Carrier Division drove the top line. Solid demand for Kona Site Defender, Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. The traction gained by Enterprise Application Access and Enterprise Threat Protector is noteworthy. Further, increasing adoption of mobile data/apps on growing mobile data traffic bodes well. Strong traffic growth in video downloads, 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 headwinds. Increasing bandwidth costs are a major concern." (2/13/2020)
  • 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?

Headlines about AKAM stock have trended very negative on Wednesday, according to InfoTrie. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Akamai Technologies earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles 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 effect on the stock's share price in the next few days. View the latest news aboutAkamai Technologies.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,888,200 shares, a drop of 6.7% from the February 27th total of 6,310,000 shares. Based on an average trading volume of 1,949,600 shares, the short-interest ratio is presently 3.0 days. Currently, 3.7% of the company's shares are sold short. View Akamai Technologies' Current Options Chain.

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), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Cisco Systems (CSCO), 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 institutional and retail investors. Top institutional shareholders include LGT Capital Partners LTD. (0.50%), State of Alaska Department of Revenue (0.08%), Orrstown Financial Services Inc. (0.00%), Fulton Bank N.A. (0.00%) and IBM Retirement Fund (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, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View institutional ownership trends 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 LGT Capital Partners LTD., State of Alaska Department of Revenue, Orrstown Financial Services Inc., IBM Retirement Fund, and Fulton Bank N.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 $96.84.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $15.68 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. 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 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 4/8/2020 by MarketBeat.com Staff

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