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NASDAQ:AKAM

Akamai Technologies - AKAM Stock Forecast, Price & News

$85.05
-2.11 (-2.42%)
(As of 10/5/2022 11:16 AM ET)
Add
Compare
Today's Range
$84.87
$86.16
50-Day Range
$80.32
$98.08
52-Week Range
$79.79
$123.25
Volume
27,813 shs
Average Volume
1.80 million shs
Market Capitalization
$13.52 billion
P/E Ratio
24.16
Dividend Yield
N/A
Price Target
$118.21

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
38.4% Upside
$118.21 Price Target
Short Interest
Bearish
6.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.87
Upright™ Environmental Score
News Sentiment
0.30mentions of Akamai Technologies in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$592,435 Sold Last Quarter
Proj. Earnings Growth
8.35%
From $4.19 to $4.54 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Computer And Technology Sector

135th out of 648 stocks

Business Services, Not Elsewhere Classified Industry

16th out of 103 stocks

AKAM stock logo

About Akamai Technologies (NASDAQ:AKAM) Stock

Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

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AKAM Stock News Headlines

Akamai Technologies (NASDAQ:AKAM) Hits New 52-Week Low at $80.07
Akamai Technologies (NASDAQ: AKAM)
Brokerages Set Akamai Technologies, Inc. (NASDAQ:AKAM) PT at $118.21
Akamai Technologies: Closer, But Not Yet Cheap
Akamai Reverses Up As Nasdaq Rallies On Lower Inflation
See More Headlines
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AKAM Company Calendar

Last Earnings
8/09/2022
Today
10/05/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
8,700
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$118.21
High Stock Price Forecast
$168.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+39.0%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$651.64 million
Pretax Margin
19.76%

Debt

Sales & Book Value

Annual Sales
$3.46 billion
Cash Flow
$8.79 per share
Book Value
$27.88 per share

Miscellaneous

Free Float
156,255,000
Market Cap
$13.52 billion
Optionable
Optionable
Beta
0.69

Social Links


Key Executives

  • Dr. F. Thomson Leighton (Age 65)
    Co-Founder, CEO & Director
    Comp: $1
  • Mr. Edward J. McGowanMr. Edward J. McGowan (Age 51)
    Exec. VP, CFO, Treasurer & Principal Financial Officer
    Comp: $500.54k
  • Mr. Adam KaronMr. Adam Karon (Age 50)
    COO & GM of Edge Technology Group
    Comp: $543.02k
  • Dr. Robert BlumofeDr. Robert Blumofe (Age 57)
    CTO & Exec. VP
    Comp: $511k
  • Mr. Aaron S. AholaMr. Aaron S. Ahola (Age 52)
    Exec. VP, Gen. Counsel & Corp. Sec.
    Comp: $450.88k
  • Ms. Laura Howell (Age 42)
    Principal Accounting Officer & Chief Accounting Officer
  • Ms. Kate Prouty
    Chief Information Officer
  • Mr. Tom Barth
    Head of Investor Relations
  • Mr. Paul JosephMr. Paul Joseph (Age 48)
    Exec. VP of Global Sales & Services
  • Mr. Charlie Rice
    Sr. VP of Corp. and Bus. Devel.













AKAM Stock - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AKAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKAM, but not buy additional shares or sell existing shares.
View AKAM analyst ratings
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2022?

13 analysts have issued 1-year price targets for Akamai Technologies' stock. Their AKAM share price forecasts range from $90.00 to $168.00. On average, they predict the company's stock price to reach $118.21 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price.
View analysts price targets for AKAM
or view top-rated stocks among Wall Street analysts.

How have AKAM shares performed in 2022?

Akamai Technologies' stock was trading at $117.04 at the beginning of the year. Since then, AKAM shares have decreased by 25.5% and is now trading at $87.16.
View the best growth stocks for 2022 here
.

When is Akamai Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our AKAM earnings forecast
.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings results on Tuesday, August, 9th. The technology infrastructure company reported $1.03 EPS for the quarter, topping the consensus estimate of $1.02 by $0.01. The technology infrastructure company earned $903.33 million during the quarter, compared to analysts' expectations of $898.75 million. Akamai Technologies had a trailing twelve-month return on equity of 16.97% and a net margin of 16.18%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS.
Read the conference call transcript
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 2nd 2021, which allows the company to repurchase $1,800,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

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

Akamai Technologies updated its third quarter 2022 earnings guidance on Wednesday, September, 7th. The company provided earnings per share (EPS) guidance of $1.21-$1.26 for the period, compared to the consensus earnings per share estimate of $1.29. The company issued revenue guidance of $868.00 million-$883.00 million, compared to the consensus revenue estimate of $900.48 million.

What is Tom Leighton's approval rating as Akamai Technologies' CEO?

1,067 employees have rated Akamai Technologies Chief Executive Officer Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among the company's employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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

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 retail and institutional investors. Top institutional shareholders include Symmetry Partners LLC (0.00%). Insiders that own company 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, Kim Salem-Jackson, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Paul C Joseph, Rick M Mcconnell, Rick M Mcconnell and Robert Blumofe.
View institutional ownership trends
.

How do I buy shares of Akamai Technologies?

Shares of AKAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $87.16.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $13.85 billion and generates $3.46 billion in revenue each year. The technology infrastructure company earns $651.64 million in net income (profit) each year or $3.52 on an earnings per share basis.

How many employees does Akamai Technologies have?

The company employs 8,700 workers across the globe.

Does Akamai Technologies have any subsidiaries?
The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAMAI INDIA NETWORKS PRIVATE LTD., AKAMAI INTERNATIONAL BV, AKAMAI IRELAND LIMITED, AKAMAI SALES LLC, AKAMAI TECHNOLOGIES AB, AKAMAI TECHNOLOGIES APJ PTE LTD., AKAMAI TECHNOLOGIES ARGENTINA SRL, AKAMAI TECHNOLOGIES BELGIUM SPRL, AKAMAI TECHNOLOGIES CANADA, AKAMAI TECHNOLOGIES COSTA RICA SRL, AKAMAI TECHNOLOGIES DENMARK APS, AKAMAI TECHNOLOGIES G.K., AKAMAI TECHNOLOGIES GMBH, AKAMAI TECHNOLOGIES HONG KONG LIMITED, AKAMAI TECHNOLOGIES INDIA PRIVATE LTD., AKAMAI TECHNOLOGIES INTERNATIONAL AG, AKAMAI TECHNOLOGIES ISRAEL LIMITED, AKAMAI TECHNOLOGIES LIMITED, AKAMAI TECHNOLOGIES LLC, AKAMAI TECHNOLOGIES LUXEMBOURGH SARL, AKAMAI TECHNOLOGIES MALAYSIA SDN BHD, AKAMAI TECHNOLOGIES NETHERLANDS BV, AKAMAI TECHNOLOGIES POLAND SP. Z.O.O., AKAMAI TECHNOLOGIES S.R.I., AKAMAI TECHNOLOGIES S.R.O., AKAMAI TECHNOLOGIES SARL, AKAMAI TECHNOLOGIES SECURITIES CORPORATION, AKAMAI TECHNOLOGIES SINGAPORE PVT. LTD., AKAMAI TECHNOLOGIES SOLUTIONS (INDIA) PRIVATE LTD., AKAMAI TECHNOLOGIES SPAIN SL, AKAMAI TECHNOLOGIES YUHAN HOESA, AKAMAI TECNOLOGIAS E SERVICOS DO BRASIL LTDA., AKAMAI TEKNOLOGJI HIZMETLERI LIMIITED SIRKETI, ASAVIE GMBH, ASAVIE R&D LIMITED, ASAVIE TECHNOLOGIES LIMITED, ASAVIE TECHNOLOGIES SALES LIMITED, ASAVIE UK LIMITED, Asavie Technologies, Blaze.io, Bloxx, CHAMELEONX LTD., CallTheShots, ChameleonX, Concord Systems, Cotendo, Cyberfend, Exceda, FastSoft, GUARDICORE INC., GUARDICORE INDIA PRIVATE LTD., GUARDICORE LTD., GUARDICORE UK LIMITED, GuardiCore, Intervu, Inverse, Janrain, Linode, Netli, Network24 Communications, Nine Systems Corp, Nominum, Octoshape, PT. AKAMAI TECKNOLOGI INDONESIA, Prolexic Technologies, Red Swoosh, SOASTA, Soha Systems, Speedera Networks, Streaming Media Corporation, Velocitude, Velocius Networks, Verivue, Xerocole, acerno, and krypt.co.
Read More
How can I contact Akamai Technologies?

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The official website for the company is www.akamai.com. The technology infrastructure company can be reached via phone at (617) 444-3000, via email at invrel@akamai.com, or via fax at 617-444-3001.

This page (NASDAQ:AKAM) was last updated on 10/5/2022 by MarketBeat.com Staff

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