Akamai Technologies Stock Forecast, Price & News

12 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 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Akamai Technologies stock. 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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12 Wall Street research analysts have issued 1-year target prices for Akamai Technologies' stock. Their AKAM stock forecasts range from $90.00 to $168.00. On average, they anticipate Akamai Technologies' share price to reach $127.50 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price.
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Akamai Technologies' stock was trading at $117.04 at the beginning of the year. Since then, AKAM stock has decreased by 21.3% and is now trading at $92.12.
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Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Akamai Technologies, Inc. (NASDAQ:AKAM) announced its earnings results on Tuesday, May, 3rd. The technology infrastructure company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by $0.01. The technology infrastructure company had revenue of $903.65 million for the quarter, compared to analyst estimates of $904.89 million. Akamai Technologies had a trailing twelve-month return on equity of 17.42% and a net margin of 17.46%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share.
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Akamai Technologies announced that its board has approved a share buyback program on Tuesday, November 2nd 2021, which permits the company to repurchase $1,800,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Akamai Technologies issued an update on its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $1.28-$1.33 for the period, compared to the consensus earnings per share estimate of $1.45. The company issued revenue guidance of $890.00 million-$905.00 million, compared to the consensus revenue estimate of $924.54 million.

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

Some companies that are related to Akamai Technologies include Meta Platforms (META), Equinix (EQIX), SEA (SE), Twitter (TWTR), CoStar Group (CSGP), eBay (EBAY), VeriSign (VRSN), SPS Commerce (SPSC), Ziff Davis (ZD), Opendoor Technologies (OPEN), Perficient (PRFT), Envestnet (ENV), Angi (ANGI), Yelp (YELP) and TechTarget (TTGT).
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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."

Shares of AKAM 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 $92.12.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $14.77 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 $3.72 on an earnings per share basis.

Akamai Technologies employs 8,700 workers across the globe.

Akamai Technologies was founded in 1998.

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