NASDAQ:AKAM - Akamai Technologies Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Akamai Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $91.80 +0.31 (+0.34 %) (As of 04/1/2020 03:51 PM ET) Add Compare Today's Range$88.75Now: $91.80▼$92.8950-Day Range$80.05MA: $91.83▼$102.5652-Week Range$72.08Now: $91.80▼$103.34Volume1.78 million shsAverage Volume2.69 million shsMarket Capitalization$14.86 billionP/E Ratio31.55Dividend YieldN/ABeta0.46 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients. The company also offers enterprise security solutions, including Enterprise Application Access that enables remote access to applications; and Enterprise Threat Protector to enable enterprise security teams to identify, block, and mitigate targeted attacks. In addition, the company provides Web and mobile performance solutions, such as Ion, a suite of intelligent performance optimization tools and controls; Dynamic Site Accelerator to accelerate and secure interactive Websites; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; and mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website. Further, it provides carrier solutions, including Aura Managed CDN, intelligent recursive DNS platforms, and security and personalization services; and media delivery solutions, such as adaptive delivery, download delivery, media services live, and media analytics, as well as NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.Read More Industry, Sector and Symbol Stock Exchange NASDAQ Industry Business services, not elsewhere classified Sub-IndustryInternet Software & Services SectorComputer and Technology Current SymbolNASDAQ:AKAM Previous Symbol CUSIP00971T10 CIK1086222 Webhttp://www.akamai.com/ Phone617-444-3000Debt Debt-to-Equity Ratio0.69 Current Ratio3.22 Quick Ratio3.22Price-To-Earnings Trailing P/E Ratio31.55 Forward P/E Ratio23.54 P/E Growth2.01 Sales & Book Value Annual Sales$2.89 billion Price / Sales5.14 Cash Flow$6.53 per share Price / Cash Flow14.06 Book Value$22.64 per share Price / Book4.05Profitability EPS (Most Recent Fiscal Year)$3.61 Net Income$478.04 million Net Margins16.52% Return on Equity16.86% Return on Assets9.77%Miscellaneous Employees3,639 Outstanding Shares161,880,000Market Cap$14.86 billion Next Earnings Date5/5/2020 (Estimated) OptionableOptionable Receive AKAM News and Ratings via Email Sign-up to receive the latest news and ratings for AKAM and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:AKAM Rates by TradingView Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions How has Akamai Technologies' stock been impacted by COVID-19 (Coronavirus)? Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AKAM shares have increased by 5.5% and is now trading at $91.80. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Akamai Technologies? 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies. When is Akamai Technologies' next earnings date? Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Akamai Technologies. How were Akamai Technologies' earnings last quarter? Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Tuesday, February, 11th. The technology infrastructure company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.10. The technology infrastructure company had revenue of $772.12 million for the quarter, compared to analysts' expectations of $749.76 million. Akamai Technologies had a net margin of 16.52% and a return on equity of 16.86%. During the same quarter in the prior year, the firm earned $1.07 earnings per share. View Akamai Technologies' earnings history. How will Akamai Technologies' stock buyback program work? Akamai Technologies declared that its board has initiated a stock buyback program on Monday, October 29th 2018, which allows the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 10.5% of its stock through open market purchases. Stock buyback programs are generally 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 FY20 earnings guidance on Tuesday, February, 11th. The company provided EPS guidance of 4.80-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.79. The company issued revenue guidance of 3.055-3.105, compared to the consensus revenue estimate of $3.08 billion. What price target have analysts set for AKAM? 21 Wall Street analysts have issued 12-month price targets for Akamai Technologies' stock. Their forecasts range from $70.00 to $120.00. On average, they anticipate Akamai Technologies' share price to reach $101.53 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View analysts' price targets for Akamai Technologies. What are Wall Street analysts saying about Akamai Technologies stock? Here are some recent quotes from research analysts about Akamai Technologies stock: 1. According to Zacks Investment Research, "Akamai delivered stellar Q4 results, which benefited from robust cloud security solutions growth and strong holiday season traffic in e-commerce and media verticals. Strong performance of cloud security business, and growth in Media & Carrier Division drove the top line. Solid demand for Kona Site Defender, Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. The traction gained by Enterprise Application Access and Enterprise Threat Protector is noteworthy. Further, increasing adoption of mobile data/apps on growing mobile data traffic bodes well. Strong traffic growth in video downloads, is a positive. Notably, shares of the company have outperformed the industry in the past year. However, unfavorable foreign exchange and seasonal summer traffic remain headwinds. Increasing bandwidth costs are a major concern." (2/13/2020) 2. Evercore ISI analysts commented, "We attended 2019 conference in Las Vegas. The conference included an investor session for the first time which we believe was appreciated by all in attendance. The conference had a positive tone overall with a crowd that had significant interest in Akamai’s offerings. The conference reinforced core traffic centric growth drivers for the business while outlining improvements being made to support continued growth in the company’s pivot to the security market. Looking forward the company highlighted emerging themes such as 5G, IoT and Blockchain as areas for future growth. See below / within for more insights from the conference. Zero Overage. The company model launched a new fixed fee pricing model for web performance and security customers. We believe this initiative was at least in part driven by customer feedback." (6/13/2019) Has Akamai Technologies been receiving favorable news coverage? News coverage about AKAM stock has trended very negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akamai Technologies earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned press coverage about the technology infrastructure company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutAkamai Technologies. Are investors shorting Akamai Technologies? Akamai Technologies saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 5,888,200 shares, a decline of 6.7% from the February 27th total of 6,310,000 shares. Based on an average trading volume of 1,949,600 shares, the days-to-cover ratio is presently 3.0 days. Approximately 3.7% of the company's stock are sold short. View Akamai Technologies' Current Options Chain. Who are some of Akamai Technologies' key competitors? Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), CoStar Group (CSGP), Verisign (VRSN), Twitter (TWTR), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and NIC (EGOV). 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), Micron Technology (MU), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM), Adobe (ADBE), Advanced Micro Devices (AMD) and Walt Disney (DIS). Who are Akamai Technologies' key executives? Akamai Technologies' management team includes the following people: Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 62)Mr. Rick M. McConnell, Pres & GM of Web Division (Age 53)Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 54)Mr. Adam Karon, Exec. VP and GM of Media & Carrier Divisions (Age 47)Mr. James Benson, Exec. Advisor (Age 52) What is Akamai Technologies' stock symbol? Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM." How do I buy shares of Akamai Technologies? 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. What is Akamai Technologies' stock price today? One share of AKAM stock can currently be purchased for approximately $91.80. How big of a company is Akamai Technologies? Akamai Technologies has a market capitalization of $14.86 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. View additional information about Akamai Technologies. What is Akamai Technologies' official website? The official website for Akamai Technologies is http://www.akamai.com/. How can I contact Akamai Technologies? 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] MarketBeat Community Rating for Akamai Technologies (NASDAQ AKAM)Community Ranking: 2.8 out of 5 ( )Outperform Votes: 1,128 (Vote Outperform)Underperform Votes: 907 (Vote Underperform)Total Votes: 2,035MarketBeat's community ratings are surveys of what our community members think about Akamai Technologies and other stocks. Vote "Outperform" if you believe AKAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKAM will underperform the S&P 500 over the long term. You may vote once every thirty days. This page was last updated on 4/1/2020 by MarketBeat.com StaffFeatured Article: How Short Selling Works
