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

$91.22
+1.79 (+2.00 %)
(As of 09/17/2019 11:17 AM ET)
Today's Range
$89.7250
Now: $91.2250
$92.31
50-Day Range
$83.55
MA: $88.28
$92.07
52-Week Range
$57.18
Now: $91.2250
$93.12
Volume278,126 shs
Average Volume1.44 million shs
Market Capitalization$15.05 billion
P/E Ratio33.05
Dividend YieldN/A
Beta0.62
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. Read More…

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$2.71 billion
Cash Flow$5.8478 per share
Book Value$19.60 per share

Profitability

Net Income$298.37 million

Miscellaneous

Employees7,519
Market Cap$15.05 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

What is Akamai Technologies' stock symbol?

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

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its Board of Directors has initiated a share repurchase plan on Monday, October 29th 2018, which allows the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 10.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Tuesday, July, 30th. The technology infrastructure company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.30. The technology infrastructure company earned $705.07 million during the quarter, compared to the consensus estimate of $695.88 million. Akamai Technologies had a net margin of 15.12% and a return on equity of 16.32%. Akamai Technologies's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. View Akamai Technologies' Earnings History.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Akamai Technologies.

What guidance has Akamai Technologies issued on next quarter's earnings?

Akamai Technologies issued an update on its third quarter earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) guidance of $0.98-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.98. The company issued revenue guidance of $692-706 million, compared to the consensus revenue estimate of $701.90 million.

What price target have analysts set for AKAM?

17 Wall Street analysts have issued 1 year target prices for Akamai Technologies' stock. Their forecasts range from $58.00 to $102.00. On average, they expect Akamai Technologies' share price to reach $88.0667 in the next twelve months. This suggests that the stock has a possible downside of 3.5%. View Analyst Price Targets for Akamai Technologies.

What is the consensus analysts' recommendation for Akamai Technologies?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 2 sell ratings, 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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 is benefiting from robust performance of cloud security business, growth in Media & Carrier Division. Solid demand for Kona Site Defender, Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. Also, growing influence of its security solutions among media customers, favors growth prospects. The traction gained by Enterprise Application Access and Enterprise Threat Protector is noteworthy. Further, increasing adoption of mobile data/apps amid growing mobile data traffic bodes well. Strong traffic growth in gaming, software, video downloads, and, OTT and CDN verticals, 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 concerns. Further, increasing bandwidth costs are a headwind." (6/25/2019)
  • 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?

Media coverage about AKAM stock has trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Akamai Technologies earned a coverage optimism score of -2.9 on InfoTrie's scale. They also assigned media coverage about the technology infrastructure company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Akamai Technologies.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a increase in short interest in August. As of August 31st, there was short interest totalling 7,502,800 shares, an increase of 6.2% from the July 31st total of 7,067,700 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 4.7% of the shares of the company 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 Netflix (NFLX), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), salesforce.com (CRM), Adobe (ADBE), Twitter (TWTR) and Walt Disney (DIS).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the folowing 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)

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.38%), AQR Capital Management LLC (3.07%), Canada Pension Plan Investment Board (2.90%), Nuveen Asset Management LLC (2.44%), First Trust Advisors LP (1.95%) and King Luther Capital Management Corp (1.50%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Edward J Mcgowan, F Thomson Leighton, 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.

Which major investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Balyasny Asset Management LLC, D. E. Shaw & Co. Inc., ETF Managers Group LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Korea Investment CORP, Sumitomo Mitsui Trust Holdings Inc. and Worldquant Millennium Advisors LLC. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Edward J Mcgowan, Frederic V Salerno, James Gemmell, Monte E Ford, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

Which major investors are buying Akamai Technologies stock?

AKAM stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, AQR Capital Management LLC, Vanguard Group Inc., WINTON GROUP Ltd, King Luther Capital Management Corp, Teacher Retirement System of Texas, Kornitzer Capital Management Inc. KS and DekaBank Deutsche Girozentrale. View Insider Buying and Selling 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 $91.2250.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $15.05 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.

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 150 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]


MarketBeat Community Rating for Akamai Technologies (NASDAQ AKAM)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,054 (Vote Outperform)
Underperform Votes:  847 (Vote Underperform)
Total Votes:  1,901
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.
This page was last updated on 9/17/2019 by MarketBeat.com Staff

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