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NASDAQ:AKAM

Akamai Technologies Stock Forecast, Price & News

$106.75
-1.25 (-1.16 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$103.76
Now: $106.75
$107.88
50-Day Range
$104.11
MA: $109.72
$115.46
52-Week Range
$75.18
Now: $106.75
$120.00
Volume2.67 million shs
Average Volume1.20 million shs
Market Capitalization$17.37 billion
P/E Ratio32.35
Dividend YieldN/A
Beta0.31
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 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; Edge DNS, which translates human-readable domain names into numerical IP addresses; Site Shield that prevents attacker from directly targeting the application origin and forces traffic to go through its network, where attack can be better detected and mitigated; identity Cloud, a customer identity access management solution; Prolexic Routed to protect web- and IP-based application; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients. It also offers Enterprise Application Access that enables adaptive access to application; Enterprise Threat Protector to enable enterprise security teams to identify, block, and mitigate targeted attack; Ion, a suite of intelligent performance optimization tool and control; Dynamic Site Accelerator to accelerate and secure interactive website; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of website in a pre-production environment; and mPulse that provides real-time website performance data for customers to enhance their digital experiences. In addition, the company provides Aura Managed CDN, DNS Infrastructure, and security and personalization service; and adaptive delivery, download delivery, media service live, and media analytic solutions, as well as NetStorage, a cloud storage solution. It sells its solutions through direct sales and service organizations; and various channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.69 out of 5 stars

Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryInternet Software & Services
Current SymbolNASDAQ:AKAM
CUSIP00971T10
Phone617-444-3000
Employees3,639

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.89 billion
Cash Flow$6.56 per share
Book Value$22.64 per share

Profitability

Net Income$478.04 million

Miscellaneous

Market Cap$17.37 billion
Next Earnings Date10/27/2020 (Confirmed)
OptionableOptionable
$106.75
-1.25 (-1.16 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

How has Akamai Technologies' stock price been impacted by COVID-19 (Coronavirus)?

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 22.7% and is now trading at $106.75.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Akamai Technologies?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 17 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, October 27th 2020.
View our earnings forecast for Akamai Technologies
.

How can I listen to Akamai Technologies' earnings call?

Akamai Technologies will be holding an earnings conference call on Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Tuesday, July, 28th. The technology infrastructure company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.17. The technology infrastructure company earned $794.72 million during the quarter, compared to the consensus estimate of $767.38 million. Akamai Technologies had a net margin of 17.82% and a return on equity of 17.37%. Akamai Technologies's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 EPS.
View Akamai Technologies' earnings history
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its Board of Directors has initiated a stock buyback program on Monday, October 29th 2018, which authorizes the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 10.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

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

Akamai Technologies updated its third quarter earnings guidance on Tuesday, July, 28th. The company provided earnings per share (EPS) guidance of $1.20-1.24 for the period, compared to the Thomson Reuters consensus estimate of $1.20. The company issued revenue guidance of $760-785 million, compared to the consensus revenue estimate of $758.78 million.

What price target have analysts set for AKAM?

22 Wall Street analysts have issued 1 year price objectives for Akamai Technologies' shares. Their forecasts range from $95.00 to $150.00. On average, they anticipate Akamai Technologies' stock price to reach $117.70 in the next year. This suggests a possible upside of 10.3% from the stock's current price.
View analysts' price targets for Akamai Technologies
.

Who are some of Akamai Technologies' key competitors?

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.com (CRM).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the following people:
  • Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 63, Pay $1)
  • Mr. Rick M. McConnell, Pres & GM of Web Division (Age 54, Pay $1.43M)
  • Mr. Edward J. McGowan, Exec. VP & CFO (Age 49, Pay $1.07M)
  • Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 55, Pay $1.1M)
  • Mr. Adam Karon, Exec. VP and GM of Media & Carrier Divisions (Age 48, Pay $1.02M)

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 number of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.65%), Standard Life Aberdeen plc (0.48%), Wedge Capital Management L L P NC (0.40%), Boston Trust Walden Corp (0.26%), Retirement Systems of Alabama (0.25%) and Envestnet Asset Management Inc. (0.24%). Company insiders that own Akamai Technologies 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, Monte E Ford, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton.
View institutional ownership trends for Akamai Technologies
.

Which institutional investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including Forsta AP Fonden, Standard Life Aberdeen plc, State of Alaska Department of Revenue, Sitrin Capital Management LLC, Dalton Greiner Hartman Maher & Co., Envestnet Asset Management Inc., USA Financial Portformulas Corp, and Redpoint Investment Management Pty Ltd. Company insiders that have sold Akamai Technologies company stock in the last year 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, Rick M Mcconnell, and Robert Blumofe.
View insider buying and selling activity for Akamai Technologies
.

Which institutional investors are buying Akamai Technologies stock?

AKAM stock was purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Boston Trust Walden Corp, Wedge Capital Management L L P NC, LGT Capital Partners LTD., Robecosam AG, Retirement Systems of Alabama, Nepsis Inc., and Crossvault Capital Management LLC.
View insider buying and selling activity for Akamai Technologies
.

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 $106.75.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $17.37 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.

What is Akamai Technologies' official website?

The official website for Akamai Technologies is 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]

This page was last updated on 10/24/2020 by MarketBeat.com Staff

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