Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution. It also 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 computing security solution; Bot Manager Premier to identify bots; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation for protection against DDoS and Web application attacks. In addition, the company 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 threats. Further, it provides network operator solutions, including Aura Licensed CDN, Aura Managed CDN, and Intelligent DNS solutions, as well as professional services and solutions; media delivery solutions, such as adaptive delivery, download delivery, infinite media acceleration, media services, and media analytics solutions; and NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. Akamai Technologies, Inc. was founded in 1998 and is headquartered in Cambridge, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Business services, not elsewhere classified
Sub-IndustryInternet Software & Services
SectorComputer and Technology
SymbolNASDAQ:AKAM
CUSIP00971T10
Phone617-444-3000
Debt
Debt-to-Equity RatioN/A
Current Ratio1.29
Quick Ratio1.29
Price-To-Earnings
Trailing P/E Ratio41.53
Forward P/E Ratio32.21
P/E Growth2.24
Sales & Book Value
Annual Sales$2.50 billion
Price / Sales5.38
Cash Flow$4.2585 per share
Price / Cash18.53
Book Value$19.57 per share
Price / Book4.03
Profitability
EPS (Most Recent Fiscal Year)$1.90
Net Income$218.32 million
Net Margins7.46%
Return on Equity10.04%
Return on Assets7.28%
Miscellaneous
Employees7,650
Outstanding Shares170,630,000
Market Cap$13,464.41
Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions
What is Akamai Technologies' stock symbol?
Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM."
How will Akamai Technologies' stock buyback program work?
Akamai Technologies announced that its board has authorized a share repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
How were Akamai Technologies' earnings last quarter?
Akamai Technologies, Inc. (NASDAQ:AKAM) announced its earnings results on Monday, April, 30th. The technology infrastructure company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. The technology infrastructure company earned $669 million during the quarter, compared to analysts' expectations of $654.37 million. Akamai Technologies had a return on equity of 10.04% and a net margin of 7.46%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. View Akamai Technologies' Earnings History.
When is Akamai Technologies' next earnings date?
What guidance has Akamai Technologies issued on next quarter's earnings?
Akamai Technologies updated its FY18 earnings guidance on Tuesday, June, 26th. The company provided EPS 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.
What price target have analysts set for AKAM?
22 Wall Street analysts have issued twelve-month target prices for Akamai Technologies' shares. Their predictions range from $47.00 to $92.00. On average, they anticipate Akamai Technologies' stock price to reach $75.50 in the next year. This suggests that the stock has a possible downside of 4.3%. View Analyst Ratings for Akamai Technologies.
What is the consensus analysts' recommendation 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."
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 is a global provider of content delivery network (CDN) and cloud infrastructure services. Robust performance from cloud security solutions driven by strong demand for Kona Site Defender and Prolexic Solutions, as well as new Bot Manager Premier and Nominum Services are growth drivers. Management is positive about the robust over-the top (OTT) content viewing. With increased adoption of mobile data/apps and growing mobile data traffic Akamai is well positioned for long-term growth. Also, strong balance sheet and cash flow will help the company in future acquisitions and share repurchase. However, Akamai recently lowered guidance for the second quarter and fiscal year 2018, citing a stronger dollar headwind. Further, intensifying competition in the core CDN space is a concern." (6/29/2018)
- 2. B. Riley analysts commented, "We believe the valuation discount as a result of recent issues should begin to narrow as the company makes progress on deal integration and Media stabilization. We raise our ’17/’18/’19 AEBITDA from $887MM/$914MM/$1,107MM to $923MM/$944MM/ $1,112MM. We increase our PT from $60.00 to $70.00 which is based on 10x 2019 AEBITDA (10x 2018 previously) which is a notable discount to comps at 14.0x and LLNW at 12.5x. Key Points Solid Q3 Beat." (10/25/2017)
Who are some of Akamai Technologies' key competitors?
Some companies that are related to Akamai Technologies include Fidelity National Information Servcs (FIS), NetEase (NTES), eBay (EBAY), Ctrip.Com International (CTRP), First Data (FDC), FleetCor Technologies (FLT), Global Payments (GPN), Mercadolibre (MELI), Total System Services (TSS), Worldpay (WP), CoStar Group (CSGP), Msci (MSCI), Broadridge Financial Solutions (BR), Alliance Data Systems (ADS) and CIELO S A/S (CIOXY).
Who are Akamai Technologies' key executives?
Akamai Technologies' management team includes the folowing people:
- Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 61)
- Mr. Rick M. McConnell, Pres & GM of Web Division (Age 52)
- Mr. James Benson, Exec. VP, CFO & Principal Accounting Officer (Age 51)
- Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 53)
- Mr. William Wheaton, Chief Strategy Officer (Age 56)
Has Akamai Technologies been receiving favorable news coverage?
News stories about AKAM stock have trended very positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of 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 0.51 on Accern's scale. They also gave news stories about the technology infrastructure company an impact score of 48.24 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Akamai Technologies' major shareholders?
Akamai Technologies' stock is owned by many different of retail and institutional investors. Top institutional investors include Hexavest Inc. (0.36%), LGT Capital Partners LTD. (0.25%), Assenagon Asset Management S.A. (0.10%), Bank of Montreal Can (0.09%), Retirement Systems of Alabama (0.05%) and Addenda Capital Inc. (0.04%). 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.
Which institutional investors are selling Akamai Technologies stock?
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., Hartford Investment Management Co., Assenagon Asset Management S.A., Tokio Marine Asset Management Co. Ltd., Pendal Group Ltd and Addenda Capital Inc.. 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.
Which institutional investors are buying Akamai Technologies stock?
AKAM stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Dorsey Wright & Associates, Clinton Group Inc., Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue, Cornerstone Wealth Management LLC, Hexavest Inc. and Amalgamated Bank. 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Akamai Technologies' stock price today?
One share of AKAM stock can currently be purchased for approximately $78.91.
How big of a company is Akamai Technologies?
Akamai Technologies has a market capitalization of $13.46 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.
How can I contact Akamai Technologies?
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]
MarketBeat Community Rating for Akamai Technologies (NASDAQ AKAM)
MarketBeat'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.
