Akamai Technologies (AKAM) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 7 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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13 brokerages have issued 12 month price targets 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 $101.06 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
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Akamai Technologies' stock was trading at $84.30 on January 1st, 2023. Since then, AKAM shares have increased by 8.9% and is now trading at $91.79.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Tuesday, May, 9th. The technology infrastructure company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.08. The technology infrastructure company had revenue of $916 million for the quarter, compared to analyst estimates of $912.13 million. Akamai Technologies had a net margin of 12.50% and a trailing twelve-month return on equity of 14.63%. The business's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share.
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ETFs with the largest weight of Akamai Technologies (NASDAQ:AKAM) stock in their portfolio include ETFMG Prime Cyber Security ETF (HACK), SPDR S&P Internet ETF (XWEB), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK), Global X Cloud Computing ETF (CLOU), First Trust Nasdaq Cybersecurity ETF (CIBR), First Trust Cloud Computing ETF (SKYY) and Direxion Daily Cloud Computing Bull 2x (CLDL).

Akamai Technologies declared that its Board of Directors has authorized a share repurchase program on Tuesday, November 2nd 2021, which permits the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 10% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its stock is undervalued.

Akamai Technologies updated its FY23 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $5.69-$5.84 for the period, compared to the consensus earnings per share estimate of $5.48. The company issued revenue guidance of $3.74-$3.785 billion, compared to the consensus revenue estimate of $3.73 billion.

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 many different institutional and retail investors. Top institutional shareholders include Nordea Investment Management AB (3.24%), First Trust Advisors LP (2.68%), Geode Capital Management LLC (2.27%), King Luther Capital Management Corp (1.69%), Champlain Investment Partners LLC (1.58%) and Mackenzie Financial Corp (1.34%). 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 $91.79.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $13.97 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 $2.86 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.