NASDAQ:AKAM - Akamai Technologies Stock Price, Forecast & News

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

Akamai Technologies declared that its Board of Directors has initiated a share buyback program on Monday, October 29th 2018, which allows the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 10.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings results on Monday, October, 28th. The technology infrastructure company reported $1.10 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.00 by $0.10. The technology infrastructure company earned $709.91 million during the quarter, compared to the consensus estimate of $701.25 million. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Akamai Technologies.

Akamai Technologies updated its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.11. The company issued revenue guidance of $735-755 million, compared to the consensus revenue estimate of $747.07 million.

17 equities research analysts have issued 1-year price objectives for Akamai Technologies' stock. Their forecasts range from $58.00 to $111.00. On average, they expect Akamai Technologies' stock price to reach $93.56 in the next year. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for Akamai Technologies.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

Press coverage about AKAM stock has been trending positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Akamai Technologies earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news headlines about the technology infrastructure company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Akamai Technologies.

Akamai Technologies saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 9,110,000 shares, a decline of 6.0% from the December 15th total of 9,690,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 5.8% of the company's shares are sold short. View Akamai Technologies' Current Options Chain.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), Verisign (VRSN), CoStar Group (CSGP), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Cornerstone OnDemand (CSOD), Cimpress (CMPR), LivePerson (LPSN) and Yelp (YELP).

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

Akamai Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.49%), PGGM Investments (0.21%), Boston Trust Walden Corp (0.14%), Endurance Wealth Management Inc. (0.10%), State of Alaska Department of Revenue (0.07%) and Nisa Investment Advisors LLC (0.06%). 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, Monte E Ford, Naomi O Seligman, 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 First Hawaiian Bank, Assenagon Asset Management S.A., Winslow Evans & Crocker Inc., IFM Investors Pty Ltd, Tributary Capital Management LLC, IFP Advisors Inc, Endurance Wealth Management Inc. and Louisiana State Employees Retirement System. 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, Monte E Ford, 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 PGGM Investments, State of Alaska Department of Revenue, DNB Asset Management AS, LGT Capital Partners LTD., Boston Trust Walden Corp, Nisa Investment Advisors LLC, AE Wealth Management LLC and Larson Financial Group LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of AKAM stock can currently be purchased for approximately $95.15.

Akamai Technologies has a market capitalization of $15.38 billion and generates $2.71 billion in revenue each year. The technology infrastructure company earns $298.37 million in net income (profit) each year or $2.76 on an earnings per share basis. Akamai Technologies employs 7,519 workers across the globe.View Additional Information About Akamai Technologies.

The official website for Akamai Technologies is http://www.akamai.com/.

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]