NASDAQ:AKAM - Akamai Technologies Stock Price, Price Target & More

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

Akamai Technologies announced that its board has initiated a stock buyback program on Friday, March 9th 2018, which permits the company to buyback $417,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Monday, April, 30th. The technology infrastructure company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The technology infrastructure company earned $669 million during the quarter, compared to the consensus estimate of $654.37 million. Akamai Technologies had a return on equity of 10.04% and a net margin of 7.46%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on its FY18 earnings guidance on Tuesday, June, 26th. The company provided earnings per share (EPS) guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.27. The company issued revenue guidance of 2.675-2.705 billion, compared to the consensus revenue estimate of $2.72 billion.Akamai Technologies also updated its Q2 guidance to $0.79.0.81 EPS.

22 equities research analysts have issued 12-month price targets for Akamai Technologies' stock. Their forecasts range from $47.00 to $92.00. On average, they anticipate Akamai Technologies' stock price to reach $75.00 in the next twelve months. This suggests that the stock has a possible downside of 3.5%. View Analyst Ratings for Akamai Technologies.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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), FleetCor Technologies (FLT), Global Payments (GPN), Total System Services (TSS), CoStar Group (CSGP), Worldpay (WP), Msci (MSCI), Mercadolibre (MELI), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS) and Zillow Group Inc Class A (ZG).

News stories about AKAM stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Akamai Technologies earned a media sentiment score of 0.15 on Accern's scale. They also assigned media stories about the technology infrastructure company an impact score of 46.05 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Akamai Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.36%), LGT Capital Partners LTD. (0.25%), Bank of Montreal Can (0.09%), Addenda Capital Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, F Thomson Leighton, Frederic V Salerno, James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe, Steven Scopellite 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 NN Investment Partners Holdings N.V., Bank of Montreal Can, LGT Capital Partners LTD., Addenda Capital Inc., Reliance Trust Co. of Delaware, Gateway Investment Advisers LLC and Fjarde AP Fonden Fourth Swedish National Pension Fund. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, James Gemmell, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was bought by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Dorsey Wright & Associates, Clinton Group Inc., State of Alaska Department of Revenue, Hexavest Inc., XR Securities LLC, IFM Investors Pty Ltd and DnB Asset Management AS. 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.

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.

One share of AKAM stock can currently be purchased for approximately $77.68.

Akamai Technologies has a market capitalization of $13.19 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.

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]