NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 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 data on Tuesday, April, 28th. The technology infrastructure company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.16 by $0.04. The technology infrastructure company had revenue of $764.30 million for the quarter, compared to analyst estimates of $749.75 million. Akamai Technologies had a return on equity of 16.54% and a net margin of 16.74%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. View Akamai Technologies' earnings history.

Akamai Technologies declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 29th 2018, which permits the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

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

21 brokerages have issued 1-year target prices for Akamai Technologies' shares. Their forecasts range from $91.00 to $150.00. On average, they anticipate Akamai Technologies' stock price to reach $111.84 in the next twelve months. This suggests that the stock has a possible downside of 1.1%. View analysts' price targets for Akamai Technologies.

Media stories about AKAM stock have been trending somewhat positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned news articles about the technology infrastructure company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. 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]