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

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

Akamai Technologies declared that its Board of Directors has authorized a stock buyback program 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 buy up to 10.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Tuesday, February, 12th. The technology infrastructure company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.07. The technology infrastructure company earned $713.36 million during the quarter, compared to analysts' expectations of $703.74 million. Akamai Technologies had a return on equity of 13.81% and a net margin of 10.99%. The company's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on its FY19 earnings guidance on Tuesday, February, 12th. The company provided EPS guidance of $4.00-4.15 for the period, compared to the Thomson Reuters consensus estimate of $4.02. The company issued revenue guidance of $2.81-2.855 billion, compared to the consensus revenue estimate of $2.90 billion.Akamai Technologies also updated its Q1 guidance to $1.00-1.05 EPS.

15 brokerages have issued 12-month price targets for Akamai Technologies' shares. Their forecasts range from $66.00 to $102.00. On average, they expect Akamai Technologies' share price to reach $81.80 in the next year. This suggests a possible upside of 16.1% from the stock's current price. View Analyst Price Targets for Akamai Technologies.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

News stories about AKAM stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Akamai Technologies earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned news articles about the technology infrastructure company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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

Akamai Technologies' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Canada Pension Plan Investment Board (2.90%), First Trust Advisors LP (2.54%), Elliott Management Corp (1.46%), Millennium Management LLC (1.44%), King Luther Capital Management Corp (1.42%) and Northern Trust Corp (1.33%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, F Thomson Leighton, Frederic V Salerno, James Gemmell, James M Benson, 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 First Trust Advisors LP, Bank of Nova Scotia, Assenagon Asset Management S.A., KBC Group NV, ETF Managers Group LLC, Arrowgrass Capital Partners US LP, Zurcher Kantonalbank Zurich Cantonalbank and Howland Capital Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Millennium Management LLC, D. E. Shaw & Co. Inc., Worldquant Millennium Quantitative Strategies LLC, Canada Pension Plan Investment Board, Elliott Management Corp, WINTON GROUP Ltd and LGT Capital Partners LTD.. 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 $70.47.

Akamai Technologies has a market capitalization of $11.48 billion and generates $2.71 billion in revenue each year. The technology infrastructure company earns $298.37 million in net income (profit) each year or $2.76 on an earnings per share basis. Akamai Technologies employs 7,650 workers across the globe.

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]