Akamai Technologies - AKAM Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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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11 analysts have issued 1-year target prices for Akamai Technologies' stock. Their AKAM share price forecasts range from $75.00 to $137.00. On average, they predict the company's share price to reach $100.63 in the next twelve months. This suggests a possible upside of 34.0% from the stock's current price.
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Akamai Technologies' stock was trading at $84.30 at the beginning of 2023. Since then, AKAM shares have decreased by 10.9% and is now trading at $75.12.
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Akamai Technologies saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 8,750,000 shares, an increase of 19.5% from the February 13th total of 7,320,000 shares. Based on an average daily volume of 1,530,000 shares, the short-interest ratio is currently 5.7 days. Currently, 5.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Tuesday, February, 14th. The technology infrastructure company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.11. The technology infrastructure company had revenue of $927.78 million for the quarter, compared to the consensus estimate of $904.80 million. Akamai Technologies had a net margin of 13.15% and a trailing twelve-month return on equity of 15.12%. The company's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.26 EPS.
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ETFs with the largest weight of Akamai Technologies (NASDAQ:AKAM) stock in their portfolio include Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), WisdomTree Cybersecurity Fund (WCBR), ETFMG Prime Cyber Security ETF (HACK), iShares Cybersecurity and Tech ETF (IHAK), Global X Cloud Computing ETF (CLOU), First Trust NASDAQ Cybersecurity ETF (CIBR), Direxion Daily Cloud Computing Bull 2x (CLDL) and Defiance Next Gen Connectivity ETF (FIVG).

Akamai Technologies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 2nd 2021, which authorizes the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

Akamai Technologies updated its first quarter 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $1.30-$1.34 for the period, compared to the consensus earnings per share estimate of $1.33. The company issued revenue guidance of $900.00 million-$915.00 million, compared to the consensus revenue estimate of $917.41 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 number of institutional and retail investors. Top institutional investors include Nordea Investment Management AB (3.22%), Geode Capital Management LLC (2.23%), First Trust Advisors LP (2.19%), Alliancebernstein L.P. (2.02%), Legal & General Group Plc (1.73%) and Mackenzie Financial Corp (1.41%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, F Thomson Leighton, 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 $75.12.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $11.74 billion and generates $3.62 billion in revenue each year. The technology infrastructure company earns $523.67 million in net income (profit) each year or $2.97 on an earnings per share basis.

The company employs 9,800 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.