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

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

Akamai Technologies announced that its board has initiated a share repurchase plan on Monday, October 29th 2018, which authorizes the company to repurchase $1,100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 10.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Monday, October, 28th. The technology infrastructure company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.00 by $0.10. The technology infrastructure company earned $709.91 million during the quarter, compared to the consensus estimate of $701.25 million. Akamai Technologies had a return on equity of 16.76% and a net margin of 15.98%. The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Akamai Technologies.

Akamai Technologies will be holding an earnings conference call on Tuesday, February 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Akamai Technologies issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided earnings per share guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $735-755 million, compared to the consensus revenue estimate of $747.07 million.

17 Wall Street analysts have issued 1-year price objectives for Akamai Technologies' stock. Their forecasts range from $58.00 to $111.00. On average, they anticipate Akamai Technologies' stock price to reach $93.56 in the next twelve months. This suggests that the stock has a possible downside of 2.0%. View Analyst Price Targets for Akamai Technologies.

17 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 and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

Media headlines about AKAM stock have been trending extremely negative on Sunday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a news sentiment score of -4.5 on InfoTrie's scale. They also gave news stories about the technology infrastructure company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Akamai Technologies.

Akamai Technologies saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 9,110,000 shares, a drop of 6.0% from the December 15th total of 9,690,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 5.8% of the shares of the stock are short sold. View Akamai Technologies' Current Options Chain.

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

Akamai Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include LGT Capital Partners LTD. (0.49%), Strs Ohio (0.22%), PGGM Investments (0.21%), Davis R M Inc. (0.18%), New York State Teachers Retirement System (0.16%) and Boston Trust Walden Corp (0.14%). 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, 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 First Hawaiian Bank, Assenagon Asset Management S.A., Columbus Circle Investors, Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Winslow Evans & Crocker Inc., Howland Capital Management LLC and S&CO Inc.. 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, Monte E Ford, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Davis R M Inc., New York State Teachers Retirement System, Strs Ohio, State of Alaska Department of Revenue, DNB Asset Management AS, LGT Capital Partners LTD. and Boston Trust Walden Corp. View Insider Buying and Selling 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 $95.52.

Akamai Technologies has a market capitalization of $15.44 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.View Additional Information About Akamai Technologies.

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

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]