NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 30.0% and is now trading at $113.12. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 16 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, August 4th 2020. View our earnings forecast for Akamai Technologies.

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Tuesday, April, 28th. The technology infrastructure company reported $1.20 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.04. The technology infrastructure company earned $764.30 million during the quarter, compared to analysts' expectations of $749.75 million. Akamai Technologies had a return on equity of 16.54% and a net margin of 16.74%. The company's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. View Akamai Technologies' earnings history.

Akamai Technologies declared that its board has authorized a share buyback plan on Monday, October 29th 2018, which authorizes the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Akamai Technologies updated its first quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $1.18-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.16. The company issued revenue guidance of $752-778 million, compared to the consensus revenue estimate of $749.75 million.

21 equities research analysts have issued 12 month target prices for Akamai Technologies' stock. Their forecasts range from $91.00 to $150.00. On average, they anticipate Akamai Technologies' share price to reach $111.84 in the next year. This suggests that the stock has a possible downside of 1.1%. View analysts' price targets for Akamai Technologies.

News headlines about AKAM stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring 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 -1.3 on InfoTrie's scale. They also gave media coverage about the technology infrastructure company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Akamai Technologies.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), CoStar Group (CSGP), Verisign (VRSN), Twitter (TWTR), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), J2 Global (JCOM), LivePerson (LPSN), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Akamai Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX), Intel (INTC), Adobe (ADBE), salesforce.com (CRM), Advanced Micro Devices (AMD) and Walt Disney (DIS).

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

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 $113.12.

Akamai Technologies has a market capitalization of $18.36 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.

The official website for Akamai Technologies is 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]