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S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Today Only: Get a 4K Camera Drone for Just $80
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Estonia to buy US rocket artillery system in $200M deal
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Ukraine urges tougher Western squeeze on Russian oil prices
UK arrests wealthy Russian as police target Putin enablers
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
Moldova signs new energy deal that could ease blackout risk
Tennessee roads plan mulls toll lanes, electric car fee hike
NASDAQ:AKAM

Akamai Technologies - AKAM Stock Forecast, Price & News

$93.79
-1.41 (-1.48%)
(As of 12/2/2022 12:00 AM ET)
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Today's Range
$93.44
$94.05
50-Day Range
$78.06
$95.20
52-Week Range
$76.28
$123.25
Volume
856,088 shs
Average Volume
1.62 million shs
Market Capitalization
$14.75 billion
P/E Ratio
30.06
Dividend Yield
N/A
Price Target
$112.93

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
20.4% Upside
$112.93 Price Target
Short Interest
Bearish
7.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.22mentions of Akamai Technologies in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$728,285 Sold Last Quarter
Proj. Earnings Growth
6.70%
From $4.18 to $4.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Computer And Technology Sector

446th out of 633 stocks

Business Services, Not Elsewhere Classified Industry

69th out of 95 stocks

AKAM stock logo

About Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

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AKAM Stock News Headlines

Akamai Foundation Announces 2022 Grant Recipients
AKAMAI REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS
See More Headlines
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AKAM Company Calendar

Last Earnings
11/08/2022
Today
12/04/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/21/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
8,700
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$112.93
High Stock Price Forecast
$168.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$651.64 million
Pretax Margin
18.66%

Debt

Sales & Book Value

Annual Sales
$3.46 billion
Cash Flow
$8.53 per share
Book Value
$26.92 per share

Miscellaneous

Free Float
154,569,000
Market Cap
$14.75 billion
Optionable
Optionable
Beta
0.71

Social Links


Key Executives

  • Dr. F. Thomson Leighton (Age 65)
    Co-Founder, CEO & Director
    Comp: $1
  • Mr. Edward J. McGowanMr. Edward J. McGowan (Age 51)
    Exec. VP, CFO, Treasurer & Principal Financial Officer
    Comp: $500.54k
  • Mr. Adam  KaronMr. Adam Karon (Age 50)
    COO & GM of Edge Technology Group
    Comp: $543.02k
  • Dr. Robert  BlumofeDr. Robert Blumofe (Age 57)
    CTO & Exec. VP
    Comp: $511k
  • Mr. Aaron S. AholaMr. Aaron S. Ahola (Age 52)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $450.88k
  • Ms. Laura Howell (Age 42)
    Principal Accounting Officer & Chief Accounting Officer
  • Ms. Kate Prouty
    Chief Information Officer
  • Mr. Tom Barth
    Head of Investor Relations
  • Mr. Paul  JosephMr. Paul Joseph (Age 48)
    Exec. VP of Global Sales & Services
  • Mr. Charlie Rice
    Sr. VP of Corp. and Bus. Devel.













AKAM Stock - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

10 Wall Street research 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 research 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.
View AKAM analyst ratings
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2023?

10 analysts have issued 12 month target prices for Akamai Technologies' stock. Their AKAM share price forecasts range from $90.00 to $168.00. On average, they expect the company's share price to reach $112.93 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for AKAM
or view top-rated stocks among Wall Street analysts.

How have AKAM shares performed in 2022?

Akamai Technologies' stock was trading at $117.04 at the start of the year. Since then, AKAM shares have decreased by 19.9% and is now trading at $93.79.
View the best growth stocks for 2022 here
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a increase in short interest in November. As of November 15th, there was short interest totaling 11,350,000 shares, an increase of 7.3% from the October 31st total of 10,580,000 shares. Based on an average trading volume of 1,550,000 shares, the days-to-cover ratio is currently 7.3 days. Approximately 7.3% of the company's stock are sold short.
View Akamai Technologies' Short Interest
.

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our AKAM earnings forecast
.

How were Akamai Technologies' earnings last quarter?

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

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its Board of Directors has initiated a stock repurchase program on Tuesday, November 2nd 2021, which permits the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 10% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

What guidance has Akamai Technologies issued on next quarter's earnings?

Akamai Technologies issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.23-$1.30 for the period, compared to the consensus EPS 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.

What is Tom Leighton's approval rating as Akamai Technologies' CEO?

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.

What other stocks do shareholders of Akamai Technologies own?

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).

What is Akamai Technologies' stock symbol?

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

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.41%), Canada Pension Plan Investment Board (4.68%), Nordea Investment Management AB (3.28%), First Trust Advisors LP (2.48%), Alliancebernstein L.P. (2.05%) and King Luther Capital Management Corp (1.71%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, 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.
View institutional ownership trends
.

How do I buy shares of Akamai Technologies?

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.
Compare Top Brokerages Here.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $93.79.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $14.75 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.

How many employees does Akamai Technologies have?

The company employs 8,700 workers across the globe.

Does Akamai Technologies have any subsidiaries?
The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAMAI INDIA NETWORKS PRIVATE LTD., AKAMAI INTERNATIONAL BV, AKAMAI IRELAND LIMITED, AKAMAI SALES LLC, AKAMAI TECHNOLOGIES AB, AKAMAI TECHNOLOGIES APJ PTE LTD., AKAMAI TECHNOLOGIES ARGENTINA SRL, AKAMAI TECHNOLOGIES BELGIUM SPRL, AKAMAI TECHNOLOGIES CANADA, AKAMAI TECHNOLOGIES COSTA RICA SRL, AKAMAI TECHNOLOGIES DENMARK APS, AKAMAI TECHNOLOGIES G.K., AKAMAI TECHNOLOGIES GMBH, AKAMAI TECHNOLOGIES HONG KONG LIMITED, AKAMAI TECHNOLOGIES INDIA PRIVATE LTD., AKAMAI TECHNOLOGIES INTERNATIONAL AG, AKAMAI TECHNOLOGIES ISRAEL LIMITED, AKAMAI TECHNOLOGIES LIMITED, AKAMAI TECHNOLOGIES LLC, AKAMAI TECHNOLOGIES LUXEMBOURGH SARL, AKAMAI TECHNOLOGIES MALAYSIA SDN BHD, AKAMAI TECHNOLOGIES NETHERLANDS BV, AKAMAI TECHNOLOGIES POLAND SP. Z.O.O., AKAMAI TECHNOLOGIES S.R.I., AKAMAI TECHNOLOGIES S.R.O., AKAMAI TECHNOLOGIES SARL, AKAMAI TECHNOLOGIES SECURITIES CORPORATION, AKAMAI TECHNOLOGIES SINGAPORE PVT. LTD., AKAMAI TECHNOLOGIES SOLUTIONS (INDIA) PRIVATE LTD., AKAMAI TECHNOLOGIES SPAIN SL, AKAMAI TECHNOLOGIES YUHAN HOESA, AKAMAI TECNOLOGIAS E SERVICOS DO BRASIL LTDA., AKAMAI TEKNOLOGJI HIZMETLERI LIMIITED SIRKETI, ASAVIE GMBH, ASAVIE R&D LIMITED, ASAVIE TECHNOLOGIES LIMITED, ASAVIE TECHNOLOGIES SALES LIMITED, ASAVIE UK LIMITED, Asavie Technologies, Blaze.io, Bloxx, CHAMELEONX LTD., CallTheShots, ChameleonX, Concord Systems, Cotendo, Cyberfend, Exceda, FastSoft, GUARDICORE INC., GUARDICORE INDIA PRIVATE LTD., GUARDICORE LTD., GUARDICORE UK LIMITED, GuardiCore, Intervu, Inverse, Janrain, Linode, Netli, Network24 Communications, Nine Systems Corp, Nominum, Octoshape, PT. AKAMAI TECKNOLOGI INDONESIA, Prolexic Technologies, Red Swoosh, SOASTA, Soha Systems, Speedera Networks, Streaming Media Corporation, Velocitude, Velocius Networks, Verivue, Xerocole, acerno, and krypt.co.
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How can I contact Akamai Technologies?

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.

This page (NASDAQ:AKAM) was last updated on 12/4/2022 by MarketBeat.com Staff