NASDAQ:AKAM - Akamai Technologies Stock Price, Price Target & More

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

Akamai Technologies declared that its Board of Directors has initiated a stock buyback program on Friday, March 9th 2018, which authorizes the company to buyback $417,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Monday, April, 30th. The technology infrastructure company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.09. The technology infrastructure company had revenue of $669 million for the quarter, compared to the consensus estimate of $654.37 million. Akamai Technologies had a net margin of 7.46% and a return on equity of 10.04%. Akamai Technologies's quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Akamai Technologies.

Akamai Technologies updated its FY18 earnings guidance on Tuesday, June, 26th. The company provided earnings per share guidance of $3.20-3.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.27. The company issued revenue guidance of 2.675-2.705 billion, compared to the consensus revenue estimate of $2.72 billion.Akamai Technologies also updated its Q2 guidance to $0.79.0.81 EPS.

22 brokers have issued 1-year price objectives for Akamai Technologies' stock. Their forecasts range from $47.00 to $92.00. On average, they anticipate Akamai Technologies' share price to reach $75.00 in the next year. This suggests that the stock has a possible downside of 3.5%. View Analyst Ratings for Akamai Technologies.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Akamai Technologies include eBay (EBAY), Fidelity National Information Servcs (FIS), NetEase (NTES), Ctrip.Com International (CTRP), First Data (FDC), FleetCor Technologies (FLT), Global Payments (GPN), Total System Services (TSS), CoStar Group (CSGP), Worldpay (WP), Msci (MSCI), Mercadolibre (MELI), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS) and Zillow Group Inc Class A (ZG).

Media coverage about AKAM stock has been trending somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Akamai Technologies earned a daily sentiment score of 0.07 on Accern's scale. They also assigned media stories about the technology infrastructure company an impact score of 44.78 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Akamai Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Hexavest Inc. (0.36%), LGT Capital Partners LTD. (0.25%), Bank of Montreal Can (0.09%), Addenda Capital Inc. (0.04%), State of Alaska Department of Revenue (0.03%) and Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, F Thomson Leighton, Frederic V Salerno, James Gemmell, James M Benson, Jill A Greenthal, Melanie Haratunian, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe, Steven Scopellite and William Wheaton. View Institutional Ownership Trends for Akamai Technologies.

AKAM stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., Bank of Montreal Can, LGT Capital Partners LTD., Addenda Capital Inc., Reliance Trust Co. of Delaware, Gateway Investment Advisers LLC and Fjarde AP Fonden Fourth Swedish National Pension Fund. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, James Gemmell, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Dorsey Wright & Associates, Clinton Group Inc., State of Alaska Department of Revenue, Hexavest Inc., XR Securities LLC, IFM Investors Pty Ltd and DnB Asset Management AS. Company insiders that have bought Akamai Technologies stock in the last two years include F Thomson Leighton and Frederic V Salerno. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of AKAM stock can currently be purchased for approximately $77.68.

Akamai Technologies has a market capitalization of $13.19 billion and generates $2.50 billion in revenue each year. The technology infrastructure company earns $218.32 million in net income (profit) each year or $1.90 on an earnings per share basis. Akamai Technologies employs 7,650 workers across the globe.

Akamai Technologies' mailing address is 150 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]