Akamai Technologies - AKAM Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AKAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKAM, but not buy additional shares or sell existing shares.
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10 brokers have issued 12 month target prices for Akamai Technologies' shares. Their AKAM share price forecasts range from $75.00 to $137.00. On average, they anticipate the company's share price to reach $107.53 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price.
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Akamai Technologies' stock was trading at $84.30 at the beginning of 2023. Since then, AKAM shares have increased by 5.1% and is now trading at $88.56.
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Akamai Technologies saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,820,000 shares, a decrease of 6.3% from the December 31st total of 9,410,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the short-interest ratio is currently 6.2 days. Approximately 5.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Akamai Technologies will be holding an earnings conference call on Tuesday, February 14th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7241694".

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Tuesday, November, 8th. The technology infrastructure company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.96 by $0.07. The technology infrastructure company earned $881.90 million during the quarter, compared to analysts' expectations of $875.99 million. Akamai Technologies had a trailing twelve-month return on equity of 16.00% and a net margin of 14.12%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $1.20 earnings per share.
Read the conference call transcript.

Akamai Technologies announced that its board has initiated a share repurchase plan on Tuesday, November 2nd 2021, which allows the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 10% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Akamai Technologies updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided EPS guidance of $1.23-$1.30 for the period, compared to the consensus earnings per share estimate of $1.28. The company issued revenue guidance of $890.00 million-$915.00 million, compared to the consensus revenue estimate of $910.28 million.

1,067 employees have rated Akamai Technologies Chief Executive Officer Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among the company's employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 (CRM).

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

Akamai Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.77%), Congress Asset Management Co. MA (0.62%), DekaBank Deutsche Girozentrale (0.42%), Assenagon Asset Management S.A. (0.39%), Sumitomo Mitsui Trust Holdings Inc. (0.36%) and SG Americas Securities LLC (0.00%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, F Thomson Leighton, Frederic V Salerno, Jill A Greenthal, Kim Salem-Jackson, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Paul C Joseph, Rick M Mcconnell, Rick M Mcconnell and Robert Blumofe.
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Shares of AKAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AKAM stock can currently be purchased for approximately $88.56.

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $13.93 billion and generates $3.46 billion in revenue each year. The technology infrastructure company earns $651.64 million in net income (profit) each year or $3.12 on an earnings per share basis.

The company employs 8,700 workers across the globe.

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The official website for the company is www.akamai.com. The technology infrastructure company can be reached via phone at (617) 444-3000, via email at invrel@akamai.com, or via fax at 617-444-3001.