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NASDAQ:AKAM

Akamai Technologies - AKAM Stock Forecast, Price & News

$87.75
-1.58 (-1.77%)
(As of 02/6/2023 02:42 PM ET)
Add
Compare
Today's Range
$87.61
$88.73
50-Day Range
$82.72
$95.20
52-Week Range
$76.28
$123.25
Volume
374,523 shs
Average Volume
1.12 million shs
Market Capitalization
$13.80 billion
P/E Ratio
28.13
Dividend Yield
N/A
Price Target
$107.53

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
22.5% Upside
$107.53 Price Target
Short Interest
Healthy
5.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
-0.06mentions of Akamai Technologies in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$2.02 M Sold Last Quarter
Proj. Earnings Growth
6.22%
From $4.18 to $4.44 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Computer And Technology Sector

291st out of 611 stocks

Business Services, Not Elsewhere Classified Industry

45th 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

New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Guggenheim Starts Akamai Technologies at Sell
See More Headlines
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AKAM Company Calendar

Last Earnings
11/08/2022
Today
2/06/2023
Next Earnings (Confirmed)
2/14/2023
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
8,700
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$107.53
High Stock Price Forecast
$137.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+22.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$651.64 million
Pretax Margin
18.66%

Debt

Sales & Book Value

Annual Sales
$3.59 billion
Cash Flow
$8.50 per share
Book Value
$27.88 per share

Miscellaneous

Free Float
154,569,000
Market Cap
$13.80 billion
Optionable
Optionable
Beta
0.74

Social Links


Key Executives

  • Tom Leighton
    Chief Executive Officer & Director
  • Adam KaronAdam Karon
    COO & General Manager-Edge Technology Division
  • 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?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 4 hold ratings and 5 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.
View AKAM analyst ratings
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2023?

10 brokers have issued 12 month target prices for Akamai Technologies' shares. Their AKAM share price forecasts range from $75.00 to $137.00. On average, they anticipate the company's share price to reach $107.53 in the next twelve months. This suggests a possible upside of 21.4% 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 beginning of 2023. Since then, AKAM shares have increased by 5.1% and is now trading at $88.56.
View the best growth stocks for 2023 here
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,820,000 shares, a decrease of 6.3% from the December 31st total of 9,410,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is currently 6.2 days. Approximately 5.7% of the company's shares 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, February 14th 2023.
View our AKAM earnings forecast
.

How can I listen to Akamai Technologies' earnings call?

Akamai Technologies will be holding an earnings conference call on Tuesday, February 14th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7241694".

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Tuesday, November, 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.96 by $0.07. The technology infrastructure company earned $881.90 million during the quarter, compared to analysts' expectations of $875.99 million. Akamai Technologies had a trailing twelve-month return on equity of 16.00% and a net margin of 14.12%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share.
Read the conference call transcript
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its board has initiated a share repurchase plan on Tuesday, November 2nd 2021, which allows the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 10% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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

Akamai Technologies updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided EPS guidance of $1.23-$1.30 for the period, compared to the consensus earnings per share estimate of $1.28. The company issued revenue guidance of $890.00 million-$915.00 million, compared to the consensus revenue estimate of $910.28 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 a variety of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.77%), Congress Asset Management Co. MA (0.62%), DekaBank Deutsche Girozentrale (0.42%), Assenagon Asset Management S.A. (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and SG Americas Securities LLC (0.00%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, F Thomson Leighton, Frederic V Salerno, 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 $88.56.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $13.93 billion and generates $3.46 billion in revenue each year. The technology infrastructure company earns $651.64 million in net income (profit) each year or $3.12 on an earnings per share basis.

How many employees does Akamai Technologies have?

The company employs 8,700 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 2/6/2023 by MarketBeat.com Staff