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. The company also offers enterprise security solutions, including Enterprise Application Access that enables remote access to applications; and Enterprise Threat Protector to enable enterprise security teams to identify, block, and mitigate targeted attacks. In addition, the company provides Web and mobile performance solutions, such as Ion, a suite of intelligent performance optimization tools and controls; Dynamic Site Accelerator to accelerate and secure interactive Websites; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; and mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website. Further, it provides carrier solutions, including Aura Managed CDN, intelligent recursive DNS platforms, and security and personalization services; and media delivery solutions, such as adaptive delivery, download delivery, media services live, and media analytics, as well as NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
Industry, Sector and Symbol
Industry Business services, not elsewhere classified
Sub-IndustryInternet Software & Services
SectorComputer and Technology
Phone617-444-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.71 billion
Profitability
Miscellaneous
Employees7,519
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable
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 announced that its board has initiated a stock buyback program on Monday, October 29th 2018, which authorizes the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 10.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
How were Akamai Technologies' earnings last quarter?
Akamai Technologies, Inc. (NASDAQ:AKAM) issued its earnings results on Tuesday, February, 12th. The technology infrastructure company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The technology infrastructure company earned $713.36 million during the quarter, compared to the consensus estimate of $703.74 million. Akamai Technologies had a net margin of 10.99% and a return on equity of 13.81%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. View Akamai Technologies' Earnings History.
When is Akamai Technologies' next earnings date?
What guidance has Akamai Technologies issued on next quarter's earnings?
Akamai Technologies issued an update on its FY19 earnings guidance on Tuesday, February, 12th. The company provided earnings per share guidance of $4.00-4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.02. The company issued revenue guidance of $2.81-2.855 billion, compared to the consensus revenue estimate of $2.90 billion.Akamai Technologies also updated its Q1 guidance to $1.00-1.05 EPS.
What price target have analysts set for AKAM?
16 Wall Street analysts have issued twelve-month target prices for Akamai Technologies' stock. Their predictions range from $58.00 to $102.00. On average, they anticipate Akamai Technologies' stock price to reach $80.5625 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price. View Analyst Price Targets for Akamai Technologies.
What is the consensus analysts' recommendation for Akamai Technologies?
16 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 10 buy ratings 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. Evercore ISI analysts commented, "We are initiating on AKAM with an In Line rating and $70 price target. Based on our expert conversations, our price / traffic trend analysis, and the backdrop of increasing competition, we remain fairly cautious on our growth estimates for AKAM’s CDN business. We see greater potential upside for growth in the company’s security business which we expect to grow in the mid-20%’s to ~$822M in F19. Our analysis implies new business for the year may slow but may be representative of initial conservatism on the part of management. At our current estimates we believe the stock is fairly valued at around $70 based on both a DCF and our sum-of-the-parts analysis. See below/within for more detail." (3/21/2019)
- 2. According to Zacks Investment Research, "Akamai reported stellar fourth-quarter results. Both top and bottom line increased year over year. Revenues benefited from robust performance of cloud security business, growth in Media and Carrier Division, strong seasonal traffic and operational efficiency. Akamai is benefiting from growing influence of its security solutions among media customers, in particular. Solid performance from cloud security solutions driven by strong demand for Kona Site Defender and Prolexic Solutions, as well as new Bot Manager Premier and Nominum Services are key catalysts. Additionally, robust over-the top (OTT) content viewing, increasing adoption of mobile data/apps & growing mobile data traffic bode well. However, the company provided a tepid forthcoming revenue guidance, primarily due to unfavorable foreign exchange and seasonal summer traffic care . Further, increasing bandwidth costs are a headwind." (2/18/2019)
Has Akamai Technologies been receiving favorable news coverage?
Headlines about AKAM stock have trended somewhat negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 -1.2 on InfoTrie's scale. They also assigned news articles 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 near future.
Who are some of Akamai Technologies' key competitors?
Some companies that are related to Akamai Technologies include Fidelity National Information Servcs (FIS), Worldpay (WP), eBay (EBAY), NetEase (NTES), Pinduoduo (PDD), First Data (FDC), Mercadolibre (MELI), Ctrip.Com International (CTRP), Global Payments (GPN), FleetCor Technologies (FLT), CoStar Group (CSGP), Total System Services (TSS), Msci (MSCI), Broadridge Financial Solutions (BR) and Nielsen (NLSN).
What other stocks do shareholders of Akamai Technologies own?
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. William Wheaton, Exec. VP & Chief Strategy Officer (Age 57)
- 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 shareholders include Canada Pension Plan Investment Board (2.90%), First Trust Advisors LP (2.54%), Elliott Management Corp (1.46%), Millennium Management LLC (1.44%), King Luther Capital Management Corp (1.42%) and Northern Trust Corp (1.33%). 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 institutional investors are selling Akamai Technologies stock?
AKAM stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., First Trust Advisors LP, Bank of Nova Scotia, Assenagon Asset Management S.A., KBC Group NV, ETF Managers Group LLC, Arrowgrass Capital Partners US LP and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Edward J Mcgowan, James Gemmell, Monte E Ford, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.
Which institutional investors are buying Akamai Technologies stock?
AKAM stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Norges Bank, Millennium Management LLC, D. E. Shaw & Co. Inc., Worldquant Millennium Quantitative Strategies LLC, Canada Pension Plan Investment Board, Elliott Management Corp and WINTON GROUP Ltd. Company insiders that have bought Akamai Technologies stock in the last two years include F Thomson Leighton and Frederic V Salerno. 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, Scottrade, Fidelity and Charles Schwab.
What is Akamai Technologies' stock price today?
One share of AKAM stock can currently be purchased for approximately $69.12.
How big of a company is Akamai Technologies?
Akamai Technologies has a market capitalization of $11.28 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.
What is Akamai Technologies' official website?
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)
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.
