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NASDAQ:AKAM

Akamai Technologies - AKAM Stock Forecast, Price & News

$76.37
+0.32 (+0.42%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$76.02
$76.94
50-Day Range
$70.75
$91.28
52-Week Range
$70.65
$123.25
Volume
1.42 million shs
Average Volume
2.08 million shs
Market Capitalization
$11.94 billion
P/E Ratio
25.71
Dividend Yield
N/A
Price Target
$100.63

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
31.8% Upside
$100.63 Price Target
Short Interest
Bearish
7.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.78mentions of Akamai Technologies in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$2.83 M Sold Last Quarter
Proj. Earnings Growth
8.69%
From $4.26 to $4.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Computer And Technology Sector

213th out of 616 stocks

Business Services, Not Elsewhere Classified Industry

33rd out of 93 stocks


AKAM stock logo

About Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel M. Lewin on August 20, 1998 and is headquartered in Cambridge, MA.

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AKAM Stock News Headlines

Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
IPTV Market Size and Forecast till 2031
Insiders Buying Akamai Technologies And 2 Other Stocks
See More Headlines
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AKAM Company Calendar

Last Earnings
2/14/2023
Today
3/28/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
9,800
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$100.63
High Stock Price Forecast
$137.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+31.8%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$523.67 million
Pretax Margin
18.19%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$8.06 per share
Book Value
$27.73 per share

Miscellaneous

Free Float
153,619,000
Market Cap
$11.94 billion
Optionable
Optionable
Beta
0.78

Social Links


Key Executives

  • Tom Leighton
    President, Chief Executive Officer & Director
  • Adam KaronAdam Karon
    COO & General Manager-Cloud Technology Group
  • Edward J. McGowanEdward J. McGowan
    Chief Financial Officer, Treasurer & EVP
  • Robert BlumofeRobert Blumofe
    Chief Technology Officer & Executive VP
  • Kate Prouty
    Chief Information Officer & Senior VP













AKAM Stock - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

11 Wall Street research 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 research 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.
View AKAM analyst ratings
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2023?

11 Wall Street research analysts have issued twelve-month price objectives for Akamai Technologies' shares. Their AKAM share price forecasts range from $75.00 to $137.00. On average, they anticipate the company's stock price to reach $100.63 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
View analysts price targets for AKAM
or view top-rated stocks among Wall Street analysts.

How have AKAM shares performed in 2023?

Akamai Technologies' stock was trading at $84.30 at the start of the year. Since then, AKAM shares have decreased by 9.4% and is now trading at $76.37.
View the best growth stocks for 2023 here
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a increase in short interest in March. As of March 15th, there was short interest totaling 11,050,000 shares, an increase of 26.3% from the February 28th total of 8,750,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 7.2% of the shares of the stock are short sold.
View Akamai Technologies' Short Interest
.

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our AKAM earnings forecast
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, February, 14th. The technology infrastructure company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.11. The technology infrastructure company earned $927.78 million during the quarter, compared to the consensus estimate of $904.80 million. Akamai Technologies had a trailing twelve-month return on equity of 15.12% and a net margin of 13.15%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 EPS.
Read the conference call transcript
.

How will Akamai Technologies' stock buyback program work?

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

What guidance has Akamai Technologies issued on next quarter's earnings?

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.

What is Tom Leighton's approval rating as Akamai Technologies' CEO?

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.

What other stocks do shareholders of Akamai Technologies own?

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).

What is Akamai Technologies' stock symbol?

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

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
View institutional ownership trends
.

How do I buy shares of Akamai Technologies?

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.
Compare Top Brokerages Here.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $76.37.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $11.94 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.

How many employees does Akamai Technologies have?

The company employs 9,800 workers across the globe.

Does Akamai Technologies have any subsidiaries?
The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAMAI INDIA NETWORKS PRIVATE LTD., AKAMAI INTERNATIONAL BV, AKAMAI IRELAND LIMITED, AKAMAI SALES LLC, AKAMAI TECHNOLOGIES AB, AKAMAI TECHNOLOGIES APJ PTE LTD., AKAMAI TECHNOLOGIES ARGENTINA SRL, AKAMAI TECHNOLOGIES BELGIUM SPRL, AKAMAI TECHNOLOGIES CANADA, AKAMAI TECHNOLOGIES COSTA RICA SRL, AKAMAI TECHNOLOGIES DENMARK APS, AKAMAI TECHNOLOGIES G.K., AKAMAI TECHNOLOGIES GMBH, AKAMAI TECHNOLOGIES HONG KONG LIMITED, AKAMAI TECHNOLOGIES INDIA PRIVATE LTD., AKAMAI TECHNOLOGIES INTERNATIONAL AG, AKAMAI TECHNOLOGIES ISRAEL LIMITED, AKAMAI TECHNOLOGIES LIMITED, AKAMAI TECHNOLOGIES LLC, AKAMAI TECHNOLOGIES LUXEMBOURGH SARL, AKAMAI TECHNOLOGIES MALAYSIA SDN BHD, AKAMAI TECHNOLOGIES NETHERLANDS BV, AKAMAI TECHNOLOGIES POLAND SP. Z.O.O., AKAMAI TECHNOLOGIES S.R.I., AKAMAI TECHNOLOGIES S.R.O., AKAMAI TECHNOLOGIES SARL, AKAMAI TECHNOLOGIES SECURITIES CORPORATION, AKAMAI TECHNOLOGIES SINGAPORE PVT. LTD., AKAMAI TECHNOLOGIES SOLUTIONS (INDIA) PRIVATE LTD., AKAMAI TECHNOLOGIES SPAIN SL, AKAMAI TECHNOLOGIES YUHAN HOESA, AKAMAI TECNOLOGIAS E SERVICOS DO BRASIL LTDA., AKAMAI TEKNOLOGJI HIZMETLERI LIMIITED SIRKETI, ASAVIE GMBH, ASAVIE R&D LIMITED, ASAVIE TECHNOLOGIES LIMITED, ASAVIE TECHNOLOGIES SALES LIMITED, ASAVIE UK LIMITED, Asavie Technologies, Blaze.io, Bloxx, CHAMELEONX LTD., CallTheShots, ChameleonX, Concord Systems, Cotendo, Cyberfend, Exceda, FastSoft, GUARDICORE INC., GUARDICORE INDIA PRIVATE LTD., GUARDICORE LTD., GUARDICORE UK LIMITED, GuardiCore, Intervu, Inverse, Janrain, Linode, Netli, Network24 Communications, Nine Systems Corp, Nominum, Octoshape, PT. AKAMAI TECKNOLOGI INDONESIA, Prolexic Technologies, Red Swoosh, SOASTA, Soha Systems, Speedera Networks, Streaming Media Corporation, Velocitude, Velocius Networks, Verivue, Xerocole, acerno, and krypt.co.
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How can I contact Akamai Technologies?

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.

This page (NASDAQ:AKAM) was last updated on 3/28/2023 by MarketBeat.com Staff