Akamai Technologies Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Akamai Technologies stock.
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Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
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Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Monday, May, 3rd. The technology infrastructure company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.08. The technology infrastructure company had revenue of $842.71 million for the quarter, compared to analysts' expectations of $829.74 million. Akamai Technologies had a net margin of 18.00% and a trailing twelve-month return on equity of 17.41%. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS.
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Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AKAM stock has increased by 33.3% and is now trading at $115.98.
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Akamai Technologies updated its second quarter 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share (EPS) guidance of 1.350-1.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.340. The company issued revenue guidance of $839 million-$853 million, compared to the consensus revenue estimate of $839.74 million.

12 Wall Street analysts have issued twelve-month price objectives for Akamai Technologies' shares. Their forecasts range from $105.00 to $150.00. On average, they anticipate Akamai Technologies' stock price to reach $121.92 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
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1,067 employees have rated Akamai Technologies CEO Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among Akamai Technologies' employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Akamai Technologies include Facebook (FB), SEA (SE), Equinix (EQIX), Twitter (TWTR), eBay (EBAY), CoStar Group (CSGP), VeriSign (VRSN), Opendoor Technologies (OPEN), Angi (ANGI), J2 Global (JCOM), LivePerson (LPSN), Envestnet (ENV), Stamps.com (STMP), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD).
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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.com (CRM).

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 shareholders include Clearbridge Investments LLC (3.74%), Nordea Investment Management AB (2.95%), Geode Capital Management LLC (1.82%), King Luther Capital Management Corp (1.73%), Northern Trust Corp (1.22%) and Disciplined Growth Investors Inc. MN (0.97%). Company insiders that own Akamai Technologies 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, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Rick M Mcconnell and Robert Blumofe.
View institutional ownership trends for Akamai Technologies.

AKAM stock was sold by a variety of institutional investors in the last quarter, including Paloma Partners Management Co, Russell Investments Group Ltd., Robeco Institutional Asset Management B.V., The PNC Financial Services Group Inc., Alliancebernstein L.P., Clearbridge Investments LLC, Bank of Montreal Can, and Bowen Hanes & Co. Inc.. Company insiders that have sold Akamai Technologies company stock in the last year include Aaron Ahola, Adam Karon, Anthony P Williams, Edward J Mcgowan, Madhu Ranganathan, Mani Sundaram, Monte E Ford, Rick M Mcconnell, and Robert Blumofe.
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AKAM stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Clarus Group Inc., Clarus Group Inc., Alyeska Investment Group L.P., Disciplined Growth Investors Inc. MN, Envestnet Asset Management Inc., DekaBank Deutsche Girozentrale, and LGT Capital Partners LTD..
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Shares of AKAM 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.
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One share of AKAM stock can currently be purchased for approximately $115.98.

Akamai Technologies has a market capitalization of $18.90 billion and generates $3.20 billion in revenue each year. The technology infrastructure company earns $557.05 million in net income (profit) each year or $4.16 on an earnings per share basis.

Akamai Technologies employs 8,368 workers across the globe.

The following companies are subsidiares of Akamai Technologies: AJ TECHNOLOGIES LTD, AKAMAI (BEIJING) TECHNOLOGIES CO. LTD., AKAMAI INTERNATIONAL BV, AKAMAI JAPAN G.K., AKAMAI NETWORKS B.V., AKAMAI SALES LLC, AKAMAI TECHNOLOGIES AB, AKAMAI TECHNOLOGIES APJ PTE LTD., AKAMAI TECHNOLOGIES BELGIUM SPRL, AKAMAI TECHNOLOGIES CANADA, AKAMAI TECHNOLOGIES COSTA RICA SRL, AKAMAI TECHNOLOGIES DENMARK APS, AKAMAI TECHNOLOGIES E SERVICOS DO BRASIL LTDA., 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 LTD., 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, AKAMI TEKNOLOGI HIZMETLERI LIMIITED SIKRETI, Asavie Technologies, BLOXX LTD., Blaze.io, Bloxx, CODEMATE APS, CallTheShots, ChameleonX, Concord Systems, Cotendo, Cyberfend, Exceda, FastSoft, Intervu, Janrain, K STREAMING LLC, Netli, Network24 Communications, Nine Systems Corp, Nominum, OCTOSHAPE APS, OCTOSHAPE SINGAPORE PTE LTD., OCTOSHAPE UK LTD., Octoshape, PROLEXIC TECHNOLOGIES HONG KONG LTD., Prolexic Technologies, Red Swoosh, SOASTA, Soha Systems, Speedera Networks, Streaming Media Corporation, Velocitude, Velocius Networks, Verivue, Xerocole, acerno, and krypt.co.

Akamai Technologies was founded in 1998.

The official website for Akamai Technologies is www.akamai.com.

Akamai Technologies is headquartered at 145 BROADWAY, CAMBRIDGE MA, 02142.

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]