Akamai Technologies - AKAM Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 6 hold ratings and 6 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.
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13 analysts have issued 12 month price objectives for Akamai Technologies' shares. Their AKAM share price forecasts range from $90.00 to $168.00. On average, they expect the company's share price to reach $118.21 in the next year. This suggests a possible upside of 46.1% from the stock's current price.
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Akamai Technologies' stock was trading at $117.04 on January 1st, 2022. Since then, AKAM shares have decreased by 30.9% and is now trading at $80.92.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings results on Tuesday, August, 9th. The technology infrastructure company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. The technology infrastructure company earned $903.33 million during the quarter, compared to analysts' expectations of $898.75 million. Akamai Technologies had a net margin of 16.18% and a trailing twelve-month return on equity of 16.97%. Akamai Technologies's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share.
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Akamai Technologies declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 2nd 2021, which authorizes the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Akamai Technologies updated its third quarter 2022 earnings guidance on Wednesday, September, 7th. The company provided earnings per share (EPS) guidance of $1.21-$1.26 for the period, compared to the consensus estimate of $1.29. The company issued revenue guidance of $868.00 million-$883.00 million, compared to the consensus revenue estimate of $900.48 million.

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 retail and institutional investors. Top institutional investors include Nordea Investment Management AB (3.53%), UBS Asset Management Americas Inc. (2.48%), King Luther Capital Management Corp (1.72%), Legal & General Group Plc (1.72%), Mackenzie Financial Corp (1.35%) and Champlain Investment Partners LLC (1.33%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, 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 $80.92.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $12.86 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 $3.52 on an earnings per share basis.

The company employs 8,700 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.