Akamai Technologies - AKAM Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AKAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKAM, but not buy additional shares or sell existing shares.
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10 analysts have issued 12 month target prices for Akamai Technologies' stock. Their AKAM share price forecasts range from $90.00 to $168.00. On average, they expect the company's share price to reach $112.93 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
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Akamai Technologies' stock was trading at $117.04 at the start of the year. Since then, AKAM shares have decreased by 19.9% and is now trading at $93.79.
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Akamai Technologies saw a increase in short interest in November. As of November 15th, there was short interest totaling 11,350,000 shares, an increase of 7.3% from the October 31st total of 10,580,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 7.3 days. Approximately 7.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, November, 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.96 by $0.07. The technology infrastructure company had revenue of $881.90 million for the quarter, compared to analyst estimates of $875.99 million. Akamai Technologies had a trailing twelve-month return on equity of 16.00% and a net margin of 14.12%. Akamai Technologies's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share.
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Akamai Technologies announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 2nd 2021, which permits the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 10% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Akamai Technologies issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.23-$1.30 for the period, compared to the consensus EPS estimate of $1.28. The company issued revenue guidance of $890.00 million-$915.00 million, compared to the consensus revenue estimate of $910.28 million.

1,067 employees have rated Akamai Technologies Chief Executive Officer Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among the company's employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Akamai Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.41%), Canada Pension Plan Investment Board (4.68%), Nordea Investment Management AB (3.28%), First Trust Advisors LP (2.48%), Alliancebernstein L.P. (2.05%) and King Luther Capital Management Corp (1.71%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Frederic V Salerno, Jill A Greenthal, Kim Salem-Jackson, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Paul C Joseph, Rick M Mcconnell, Rick M Mcconnell and Robert Blumofe.
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Shares of AKAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AKAM stock can currently be purchased for approximately $93.79.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $14.75 billion and generates $3.46 billion in revenue each year. The technology infrastructure company earns $651.64 million in net income (profit) each year or $3.12 on an earnings per share basis.

The company employs 8,700 workers across the globe.

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The official website for the company is www.akamai.com. The technology infrastructure company can be reached via phone at (617) 444-3000, via email at invrel@akamai.com, or via fax at 617-444-3001.