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NASDAQ:AKAM

Akamai Technologies Stock Forecast, Price & News

$109.06
+2.18 (+2.04 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$106.26
Now: $109.06
$109.34
50-Day Range
$104.11
MA: $110.12
$119.57
52-Week Range
$75.18
Now: $109.06
$120.00
Volume2.25 million shs
Average Volume1.90 million shs
Market Capitalization$17.74 billion
P/E Ratio33.05
Dividend YieldN/A
Beta0.3
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients. The company also offers enterprise security solutions, including Enterprise Application Access that enables remote access to applications; and Enterprise Threat Protector to enable enterprise security teams to identify, block, and mitigate targeted attacks. In addition, the company provides Web and mobile performance solutions, such as Ion, a suite of intelligent performance optimization tools and controls; Dynamic Site Accelerator to accelerate and secure interactive Websites; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; and mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website. Further, it provides carrier solutions, including Aura Managed CDN, intelligent recursive DNS platforms, and security and personalization services; and media delivery solutions, such as adaptive delivery, download delivery, media services live, and media analytics, as well as NetStorage, a cloud storage solution. The company sells its solutions through direct sales and service organization; and channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryInternet Software & Services
Current SymbolNASDAQ:AKAM
CUSIP00971T10
Phone617-444-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.89 billion
Cash Flow$6.75 per share
Book Value$22.64 per share

Profitability

Net Income$478.04 million

Miscellaneous

Employees3,639
Market Cap$17.74 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$109.06
+2.18 (+2.04 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

How has Akamai Technologies' stock price been impacted by COVID-19 (Coronavirus)?

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 25.3% and is now trading at $109.06.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Akamai Technologies?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Akamai Technologies
.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Akamai Technologies
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Tuesday, July, 28th. The technology infrastructure company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. The technology infrastructure company had revenue of $794.72 million for the quarter, compared to analyst estimates of $767.38 million. Akamai Technologies had a net margin of 17.82% and a return on equity of 17.37%. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 earnings per share.
View Akamai Technologies' earnings history
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its board has approved a share repurchase program on Monday, October 29th 2018, which permits the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 10.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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

Akamai Technologies updated its third quarter earnings guidance on Tuesday, July, 28th. The company provided EPS guidance of $1.20-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.20. The company issued revenue guidance of $760-785 million, compared to the consensus revenue estimate of $758.78 million.

What price target have analysts set for AKAM?

22 brokerages have issued 1-year price objectives for Akamai Technologies' stock. Their forecasts range from $95.00 to $150.00. On average, they expect Akamai Technologies' stock price to reach $117.70 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for Akamai Technologies
.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a increase in short interest in August. As of August 14th, there was short interest totaling 9,290,000 shares, an increase of 9.4% from the July 30th total of 8,490,000 shares. Based on an average daily volume of 1,870,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 5.8% of the shares of the stock are short sold.
View Akamai Technologies' Short Interest
.

Who are some of Akamai Technologies' key competitors?

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), Micron Technology (MU), Intel (INTC), Netflix (NFLX), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Adobe (ADBE), QUALCOMM (QCOM) and salesforce.com (CRM).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the following people:
  • Dr. F. Thomson Leighton, Co-Founder, CEO & Director (Age 62)
  • Mr. Rick M. McConnell, Pres & GM of Web Division (Age 53)
  • Dr. Robert Blumofe, Exec. VP of Platform & GM of Enterprise Division (Age 54)
  • Mr. Adam Karon, Exec. VP and GM of Media & Carrier Divisions (Age 47)
  • Mr. James Benson, Exec. Advisor (Age 52)

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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.22%), Mint Tower Capital Management B.V. (5.55%), Canada Pension Plan Investment Board (2.89%), First Trust Advisors LP (2.41%), Nordea Investment Management AB (2.24%) and King Luther Capital Management Corp (1.65%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Jill A Greenthal, Monte E Ford, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton.
View institutional ownership trends for Akamai Technologies
.

Which institutional investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Bank of Montreal Can, Alyeska Investment Group L.P., Marshall Wace North America L.P., Assenagon Asset Management S.A., Glenmede Trust Co. NA, Portolan Capital Management LLC, and Teacher Retirement System of Texas. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, Ewout L Steenbergen, Frederic V Salerno, James Gemmell, Jill A Greenthal, Rick M Mcconnell, and Robert Blumofe.
View insider buying and selling activity for Akamai Technologies
.

Which institutional investors are buying Akamai Technologies stock?

AKAM stock was bought by a variety of institutional investors in the last quarter, including Mint Tower Capital Management B.V., Nordea Investment Management AB, First Trust Advisors LP, PNC Financial Services Group Inc., Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Retirement Systems of Alabama, and Ardevora Asset Management LLP.
View insider buying and selling activity for Akamai Technologies
.

How do I buy shares of 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.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $109.06.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $17.74 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.

What is Akamai Technologies' official website?

The official website for Akamai Technologies is www.akamai.com.

How can I contact Akamai Technologies?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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