NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AKAM stock has increased by 31.3% and is now trading at $114.22. 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 quarterly 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%. Akamai Technologies's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. View Akamai Technologies' earnings history.

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

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

21 analysts have issued 12-month target prices for Akamai Technologies' shares. Their forecasts range from $91.00 to $150.00. On average, they expect Akamai Technologies' share price to reach $111.84 in the next twelve months. This suggests that the stock has a possible downside of 2.1%. View analysts' price targets for Akamai Technologies.

Headlines about AKAM stock have been trending negative on Friday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Akamai Technologies earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned headlines about the technology infrastructure company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. 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 trading volume of 2,230,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.8% of the company's 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), SEA (SE), CoStar Group (CSGP), Twitter (TWTR), Verisign (VRSN), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), Stamps.com (STMP), LivePerson (LPSN), J2 Global (JCOM), 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."

Akamai Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.58%), Envestnet Asset Management Inc. (0.25%), State of Alaska Department of Revenue (0.07%), Addenda Capital Inc. (0.03%), Robecosam AG (0.02%) and Dalton Greiner Hartman Maher & Co. (0.02%). 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, Jill A Greenthal, Monte E Ford, 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 State of Alaska Department of Revenue, Dalton Greiner Hartman Maher & Co., Envestnet Asset Management Inc., Addenda Capital Inc., Diversified Trust Co, Arden Trust Co, DNB Asset Management AS, and Fulton Bank N. A.. 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, Jill A Greenthal, Rick M Mcconnell, and Robert Blumofe. View insider buying and selling activity for Akamai Technologies.

AKAM stock was bought by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., Robecosam AG, Cottage Street Advisors LLC, Mount Yale Investment Advisors LLC, Municipal Employees Retirement System of Michigan, Canandaigua National Corp, Ipswich Investment Management Co. Inc., and Ellevest Inc.. View insider buying and selling activity 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 $114.22.

Akamai Technologies has a market capitalization of $18.53 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]