About Akamai Technologies (NASDAQ:AKAM)
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution. It also 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 computing security solution; Bot Manager Premier to identify bots; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation for protection against DDoS and Web application attacks. In addition, the company 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 threats. Further, it provides network operator solutions, including Aura Licensed CDN, Aura Managed CDN, and Intelligent DNS solutions, as well as professional services and solutions; media delivery solutions, such as adaptive delivery, download delivery, infinite media acceleration, media services, and media analytics solutions; and NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. Akamai Technologies, Inc. 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
SymbolNASDAQ:AKAM
CUSIP00971T10
Phone617-444-3000
Debt
Debt-to-Equity RatioN/A
Current Ratio1.29
Quick Ratio1.29
Price-To-Earnings
Trailing P/E Ratio43.14
Forward P/E Ratio33.46
P/E Growth2.33
Sales & Book Value
Annual Sales$2.50 billion
Price / Sales5.59
Cash Flow$4.2582 per share
Price / Cash19.25
Book Value$19.57 per share
Price / Book4.19
Profitability
EPS (Most Recent Fiscal Year)$1.90
Net Income$218.32 million
Net Margins7.46%
Return on Equity10.04%
Return on Assets7.28%
Miscellaneous
Employees7,650
Outstanding Shares170,630,000
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 approved a stock repurchase program on Friday, March 9th 2018, which authorizes the company to repurchase $417,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
How were Akamai Technologies' earnings last quarter?
Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Monday, April, 30th. The technology infrastructure company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.09. The technology infrastructure company had revenue of $669 million for the quarter, compared to the consensus estimate of $654.37 million. Akamai Technologies had a net margin of 7.46% and a return on equity of 10.04%. Akamai Technologies's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $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 second quarter earnings guidance on Monday, April, 30th. The company provided EPS guidance of $0.79-0.83 for the period, compared to the Thomson Reuters consensus estimate of $0.70. The company issued revenue guidance of $658-670 million, compared to the consensus revenue estimate of $656.63 million.Akamai Technologies also updated its FY18 guidance to $3.15-3.25 EPS.
What price target have analysts set for AKAM?
23 analysts have issued twelve-month price objectives for Akamai Technologies' shares. Their predictions range from $46.00 to $92.00. On average, they anticipate Akamai Technologies' share price to reach $73.7391 in the next year. 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. According to Zacks Investment Research, "Akamai reported impressive first-quarter 2018 results. Both earnings and revenues grew on a year-over-year basis. Robust 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 drove top-line growth. Akamai provided optimistic guidance for 2018. Management is positive about the robust over-the top (OTT) content viewing. With increased adoption of mobile data/apps and growing mobile data traffic Akamai is well positioned for long-term growth. Also, strong balance sheet and cash flow will help the company in future acquisitions and share repurchase. Shares have outperformed the industry it belongs to on a year-to-date basis. However, intensifying competition in the core CDN space is a concern." (5/4/2018)
- 2. B. Riley analysts commented, "We believe the valuation discount as a result of recent issues should begin to narrow as the company makes progress on deal integration and Media stabilization. We raise our ’17/’18/’19 AEBITDA from $887MM/$914MM/$1,107MM to $923MM/$944MM/ $1,112MM. We increase our PT from $60.00 to $70.00 which is based on 10x 2019 AEBITDA (10x 2018 previously) which is a notable discount to comps at 14.0x and LLNW at 12.5x. Key Points Solid Q3 Beat." (10/25/2017)
Are investors shorting Akamai Technologies?
Akamai Technologies saw a increase in short interest during the month of May. As of May 31st, there was short interest totalling 6,010,784 shares, an increase of 35.1% from the May 15th total of 4,450,110 shares. Based on an average daily trading volume, of 2,260,719 shares, the short-interest ratio is presently 2.7 days. Approximately 3.6% of the company's shares are sold short.
Who are some of Akamai Technologies' key competitors?
Some companies that are related to Akamai Technologies include eBay (EBAY), Fidelity National Information Servcs (FIS), NetEase (NTES), Ctrip.Com International (CTRP), First Data (FDC), Global Payments (GPN), FleetCor Technologies (FLT), Total System Services (TSS), Msci (MSCI), Worldpay (WP), CoStar Group (CSGP), Broadridge Financial Solutions (BR), Mercadolibre (MELI), Alliance Data Systems (ADS) and Zillow Group Inc Class C (Z).
Who are Akamai Technologies' key executives?
Akamai Technologies' management team includes the folowing people:
- Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 61)
- Mr. Rick M. McConnell, Pres & GM of Web Division (Age 52)
- Mr. James Benson, Exec. VP, CFO & Principal Accounting Officer (Age 51)
- Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 53)
- Mr. William Wheaton, Chief Strategy Officer (Age 56)
Has Akamai Technologies been receiving favorable news coverage?
Media coverage about AKAM stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akamai Technologies earned a news impact score of 0.15 on Accern's scale. They also gave media coverage about the technology infrastructure company an impact score of 45.12 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Akamai Technologies' major shareholders?
Akamai Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include FIL Ltd (3.14%), King Luther Capital Management Corp (1.28%), Thrivent Financial for Lutherans (1.16%), Disciplined Growth Investors Inc. MN (0.94%), Legal & General Group Plc (0.63%) and Dimensional Fund Advisors LP (0.57%). Company insiders that own Akamai Technologies stock include Aaron Ahola, F Thomson Leighton, Frederic V Salerno, James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Paul Sagan, Rick M Mcconnell, Robert Blumofe, Steven Scopellite 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 FIL Ltd, Champlain Investment Partners LLC, Guggenheim Capital LLC, ETF Managers Group LLC, Neuberger Berman Group LLC, Baird Financial Group Inc., Swiss National Bank and Kornitzer Capital Management Inc. KS. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, James Gemmell, 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 acquired by a variety of institutional investors in the last quarter, including Legal & General Group Plc, Robeco Institutional Asset Management B.V., MUFG Securities EMEA plc, Numen Capital LLP, Millennium Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Pagoda Asset Management LP and Dundas Partners LLP. 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 $81.97.
How big of a company is Akamai Technologies?
Akamai Technologies has a market capitalization of $13.99 billion and generates $2.50 billion in revenue each year. The technology infrastructure company earns $218.32 million in net income (profit) each year or $1.90 on an earnings per share basis. Akamai Technologies employs 7,650 workers across the globe.
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 (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.
