NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

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 (WHO). Since then, AKAM stock has increased by 30.0% and is now trading at $113.12. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 16 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, August 4th 2020. View our earnings forecast for Akamai Technologies.

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its earnings results on Tuesday, April, 28th. The technology infrastructure company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.04. The technology infrastructure company had revenue of $764.30 million for the quarter, compared to the consensus estimate of $749.75 million. Akamai Technologies had a net margin of 16.74% and a return on equity of 16.54%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. View Akamai Technologies' earnings history.

Akamai Technologies declared that its Board of Directors has authorized a stock buyback program on Monday, October 29th 2018, which allows the company to buyback $1,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Akamai Technologies issued an update on its first quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share (EPS) guidance of $1.18-1.24 for the period, compared to the Thomson Reuters consensus estimate of $1.16. The company issued revenue guidance of $752-778 million, compared to the consensus revenue estimate of $749.75 million.

21 brokerages have issued 12-month price targets for Akamai Technologies' stock. Their forecasts range from $91.00 to $150.00. On average, they anticipate Akamai Technologies' stock price to reach $111.84 in the next year. This suggests that the stock has a possible downside of 1.1%. View analysts' price targets for Akamai Technologies.

Media coverage about AKAM stock has been trending negative recently, InfoTrie reports. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akamai Technologies earned a coverage optimism score of -2.2 on InfoTrie's scale. They also assigned headlines about the technology infrastructure company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near future. View the latest news about Akamai Technologies.

Akamai Technologies saw a increase in short interest in June. As of June 30th, there was short interest totaling 6,050,000 shares, an increase of 5.2% from the June 15th total of 5,750,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 2.7 days. Currently, 3.8% of the shares of the company are sold short. View Akamai Technologies' Current Options Chain.

Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), SEA (SE), eBay (EBAY), CoStar Group (CSGP), Verisign (VRSN), Twitter (TWTR), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), J2 Global (JCOM), LivePerson (LPSN), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Akamai Technologies investors own include NVIDIA (NVDA), Alibaba Group (BABA), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX), Intel (INTC), Adobe (ADBE), salesforce.com (CRM), Advanced Micro Devices (AMD) and Walt Disney (DIS).

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

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 $113.12.

Akamai Technologies has a market capitalization of $18.36 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.

The official website for Akamai Technologies is 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]