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

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$79.14 +1.24 (+1.59 %)
(As of 05/23/2019 01:26 AM ET)
Previous Close$77.90
Today's Range$77.53 - $79.29
52-Week Range$57.18 - $86.19
Volume1.04 million shs
Average Volume1.29 million shs
Market Capitalization$12.99 billion
P/E Ratio28.67
Dividend YieldN/A
Beta0.6
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.71 billion
Cash Flow$5.9148 per share
Book Value$20.01 per share

Profitability

Net Income$298.37 million

Miscellaneous

Employees7,519
Market Cap$12.99 billion
Next Earnings Date7/30/2019 (Estimated)
OptionableOptionable

Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

What is Akamai Technologies' stock symbol?

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

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, October 29th 2018, which allows the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, April, 30th. The technology infrastructure company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.79 by $0.09. The technology infrastructure company had revenue of $706.51 million for the quarter, compared to analysts' expectations of $698.33 million. Akamai Technologies had a net margin of 12.78% and a return on equity of 15.29%. Akamai Technologies's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS. View Akamai Technologies' Earnings History.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, July 30th 2019. View Earnings Estimates for Akamai Technologies.

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

Akamai Technologies issued an update on its second quarter earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of $0.97-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.98. The company issued revenue guidance of $688-702 million, compared to the consensus revenue estimate of $693.34 million.Akamai Technologies also updated its FY19 guidance to $4.05-4.20 EPS.

What price target have analysts set for AKAM?

15 brokerages have issued 12-month price objectives for Akamai Technologies' shares. Their predictions range from $58.00 to $102.00. On average, they anticipate Akamai Technologies' share price to reach $82.7143 in the next year. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for Akamai Technologies.

What is the consensus analysts' recommendation for Akamai Technologies?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

What are Wall Street analysts saying about Akamai Technologies stock?

Here are some recent quotes from research analysts about Akamai Technologies stock:
  • 1. According to Zacks Investment Research, "Akamai is riding on robust performance of cloud security business, growth in Media and Carrier Division, strong seasonal traffic, and operational efficiency. The company is benefiting from growing influence of its security solutions among media customers, in particular. Robust demand for Kona Site Defender and Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. Additionally, robust over-the top (OTT) content viewing, increasing adoption of mobile data/apps & growing mobile data traffic bode well. Notably, shares of the company have outperformed the industry in the past year. The company has positive record of earnings surprises in recent quarters. Estimates have been stable lately ahead of the company’s Q1 earnings release. However, unfavorable foreign exchange and seasonal summer traffic are major concerns. Further, increasing bandwidth costs are a headwind." (4/22/2019)
  • 2. Evercore ISI analysts commented, "We are initiating on AKAM with an In Line rating and $70 price target. Based on our expert conversations, our price / traffic trend analysis, and the backdrop of increasing competition, we remain fairly cautious on our growth estimates for AKAM’s CDN business. We see greater potential upside for growth in the company’s security business which we expect to grow in the mid-20%’s to ~$822M in F19. Our analysis implies new business for the year may slow but may be representative of initial conservatism on the part of management. At our current estimates we believe the stock is fairly valued at around $70 based on both a DCF and our sum-of-the-parts analysis. See below/within for more detail." (3/21/2019)

Has Akamai Technologies been receiving favorable news coverage?

Media headlines about AKAM stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media stories about the technology infrastructure company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

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 Netflix (NFLX), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), Intel (INTC), salesforce.com (CRM), Alibaba Group (BABA), Twitter (TWTR), Advanced Micro Devices (AMD) and QUALCOMM (QCOM).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the folowing 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)

Who are Akamai Technologies' major shareholders?

Akamai Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.76%), FMR LLC (5.35%), AQR Capital Management LLC (2.68%), First Trust Advisors LP (2.63%), Wellington Management Group LLP (1.89%) and JPMorgan Chase & Co. (1.57%). Company insiders that own Akamai Technologies stock include Aaron Ahola, Adam Karon, Edward J Mcgowan, F Thomson Leighton, Frederic V Salerno, James Gemmell, Monte E Ford, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Institutional Ownership Trends for Akamai Technologies.

Which major investors are selling Akamai Technologies stock?

AKAM stock was sold by a variety of institutional investors in the last quarter, including Blair William & Co. IL, Calamos Advisors LLC, Morgan Stanley, Man Group plc, Daiwa Securities Group Inc., CNH Partners LLC, Goldman Sachs Group Inc. and JPMorgan Chase & Co.. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Edward J Mcgowan, James Gemmell, Monte E Ford, Naomi O Seligman, Paul Sagan, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

Which major investors are buying Akamai Technologies stock?

AKAM stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Renaissance Technologies LLC, AQR Capital Management LLC, Martingale Asset Management L P, Charles Schwab Investment Management Inc., Champlain Investment Partners LLC, First Trust Advisors LP and Teacher Retirement System of Texas. Company insiders that have bought Akamai Technologies stock in the last two years include F Thomson Leighton and Frederic V Salerno. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $79.14.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $12.99 billion and generates $2.71 billion in revenue each year. The technology infrastructure company earns $298.37 million in net income (profit) each year or $2.76 on an earnings per share basis. Akamai Technologies employs 7,519 workers across the globe.

What is Akamai Technologies' official website?

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

How can I contact Akamai Technologies?

Akamai Technologies' mailing address is 150 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]


MarketBeat Community Rating for Akamai Technologies (NASDAQ AKAM)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  1,026 (Vote Outperform)
Underperform Votes:  821 (Vote Underperform)
Total Votes:  1,847
MarketBeat's community ratings are surveys of what our community members think about Akamai Technologies and other stocks. Vote "Outperform" if you believe AKAM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AKAM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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