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

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 4.1% and is now trading at $90.61. View which stocks have been mosted impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies.

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Akamai Technologies.

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings results on Tuesday, February, 11th. The technology infrastructure company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 16.52% and a return on equity of 16.86%. During the same quarter last year, the company earned $1.07 EPS. View Akamai Technologies' earnings history.

Akamai Technologies declared that its board has initiated a share buyback plan on Monday, October 29th 2018, which permits the company to buyback $1,100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Akamai Technologies updated its FY20 earnings guidance on Tuesday, February, 11th. The company provided earnings per share guidance of 4.80-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.79. The company issued revenue guidance of 3.055-3.105, compared to the consensus revenue estimate of $3.08 billion.

21 brokerages have issued 12 month target prices for Akamai Technologies' stock. Their forecasts range from $70.00 to $120.00. On average, they expect Akamai Technologies' stock price to reach $101.53 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Akamai Technologies.

News coverage about AKAM stock has trended very negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Akamai Technologies earned a news impact score of -3.1 on InfoTrie's scale. They also gave news stories about the technology infrastructure company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutAkamai Technologies.

Akamai Technologies saw a decline in short interest in March. As of March 13th, there was short interest totaling 5,888,200 shares, a decline of 6.7% from the February 27th total of 6,310,000 shares. Based on an average daily volume of 1,949,600 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.7% of the company's shares are sold short. View Akamai Technologies' Current Options Chain.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), ANGI Homeservices (ANGI), Stamps.com (STMP), Cornerstone OnDemand (CSOD), Cimpress (CMPR) 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), salesforce.com (CRM), Adobe (ADBE), Advanced Micro Devices (AMD) and Walt Disney (DIS).

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 AQR Capital Management LLC (2.68%), First Trust Advisors LP (2.35%), King Luther Capital Management Corp (1.62%), Nuveen Asset Management LLC (1.61%), Geode Capital Management LLC (1.57%) and Norges Bank (1.05%). 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, Nuveen Asset Management LLC, AQR Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, First Hawaiian Bank, Charles Schwab Investment Management Inc., and Assenagon Asset Management S.A.. 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, Rick M Mcconnell, Robert Blumofe, and William Wheaton. View insider buying and selling activity for Akamai Technologies.

AKAM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, First Trust Advisors LP, Alyeska Investment Group L.P., Bank of Montreal Can, PGGM Investments, California Public Employees Retirement System, Alliancebernstein L.P., and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity 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 $90.61.

Akamai Technologies has a market capitalization of $14.67 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. View additional information about Akamai Technologies.

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

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]