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

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 4.1% and is now trading at $90.61. View which stocks have been mosted impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies.

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Akamai Technologies.

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings results on Tuesday, February, 11th. The technology infrastructure company reported $1.23 EPS for the quarter, topping the consensus estimate 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 net margin of 16.52% and a return on equity of 16.86%. During the same quarter in the previous year, the firm posted $1.07 EPS. View Akamai Technologies' earnings history.

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 outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase 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.

Akamai Technologies issued an update on its FY20 earnings guidance on Tuesday, February, 11th. The company provided earnings per share (EPS) 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.

21 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 $101.53 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Akamai Technologies.

Press coverage about AKAM stock has trended extremely negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akamai Technologies earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave 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 near term. View the latest news aboutAkamai Technologies.

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

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD), Cimpress (CMPR) 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), Advanced Micro Devices (AMD) and Walt Disney (DIS).

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

Akamai Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include AQR Capital Management LLC (2.68%), First Trust Advisors LP (2.35%), King Luther Capital Management Corp (1.62%), Nuveen Asset Management LLC (1.61%), Geode Capital Management LLC (1.57%) and Norges Bank (1.05%). 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.

AKAM stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, New York State Common Retirement Fund, Nuveen Asset Management LLC, AQR Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, First Hawaiian Bank, Charles Schwab Investment Management Inc., and Assenagon Asset Management S.A.. 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, Jill A Greenthal, Rick M Mcconnell, Robert Blumofe, and William Wheaton. View insider buying and selling activity for Akamai Technologies.

AKAM stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, First Trust Advisors LP, Alyeska Investment Group L.P., Bank of Montreal Can, PGGM Investments, California Public Employees Retirement System, Alliancebernstein L.P., and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity 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 $90.61.

Akamai Technologies has a market capitalization of $14.67 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.

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

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]