NASDAQ:AKAM - Akamai Technologies Stock Price, Forecast & News

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

Akamai Technologies announced that its Board of Directors has authorized a share buyback plan on Monday, October 29th 2018, which allows the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its quarterly earnings data on Tuesday, February, 11th. The technology infrastructure company reported $1.23 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 16.86% and a net margin of 16.52%. During the same period in the prior year, the company posted $1.07 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on 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.

20 brokerages have issued 1-year target prices for Akamai Technologies' shares. Their forecasts range from $58.00 to $120.00. On average, they expect Akamai Technologies' share price to reach $99.89 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for Akamai Technologies.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

Media stories about AKAM stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press 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 news sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the technology infrastructure company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Akamai Technologies.

Akamai Technologies saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 8,100,000 shares, a decrease of 11.1% from the January 15th total of 9,110,000 shares. Based on an average trading volume of 1,380,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 5.1% of the shares of the stock are sold short. View Akamai Technologies' Current Options Chain.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), Verisign (VRSN), SEA (SE), J2 Global (JCOM), LogMeIn (LOGM), Envestnet (ENV), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), Cimpress (CMPR), Stamps.com (STMP) and Yelp (YELP).

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), Adobe (ADBE), salesforce.com (CRM), Advanced Micro Devices (AMD) and Twitter (TWTR).

Akamai Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include AQR Capital Management LLC (2.68%), First Trust Advisors LP (2.35%), King Luther Capital Management Corp (1.62%), Geode Capital Management LLC (1.57%), Bank of Montreal Can (1.00%) and FIL Ltd (0.82%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Jill A Greenthal, Monte E Ford, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe 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 Toronto Dominion Bank, New York State Common Retirement Fund, AQR Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, First Hawaiian Bank, Charles Schwab Investment Management Inc., Assenagon Asset Management S.A. and UBS Group AG. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Jill A Greenthal, Monte E Ford, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Alyeska Investment Group L.P., Bank of Montreal Can, PGGM Investments, California Public Employees Retirement System, Alliancebernstein L.P., MERIAN GLOBAL INVESTORS UK Ltd and MERIAN GLOBAL INVESTORS UK Ltd. 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, Robinhood, Fidelity and Charles Schwab.

One share of AKAM stock can currently be purchased for approximately $97.11.

Akamai Technologies has a market capitalization of $15.69 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 7,519 workers across the globe.View Additional Information About Akamai Technologies.

The official website for Akamai Technologies is http://www.akamai.com/.

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]