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

$90.61
-3.77 (-3.99 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$88.93
Now: $90.61
$93.10
50-Day Range
$80.05
MA: $92.20
$102.56
52-Week Range
$70.27
Now: $90.61
$103.34
Volume2.74 million shs
Average Volume2.69 million shs
Market Capitalization$14.67 billion
P/E Ratio31.14
Dividend YieldN/A
Beta0.46
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$2.89 billion
Cash Flow$6.43 per share
Book Value$22.64 per share

Profitability

Net Income$478.04 million

Miscellaneous

Employees3,639
Market Cap$14.67 billion
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Akamai Technologies (NASDAQ:AKAM) Frequently Asked Questions

How has Akamai Technologies' stock been impacted by COVID-19 (Coronavirus)?

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AKAM stock has increased by 4.1% and is now trading at $90.61. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Akamai Technologies?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Akamai Technologies.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Akamai Technologies.

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings results on Tuesday, February, 11th. The technology infrastructure company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. The technology infrastructure company had revenue of $772.12 million for the quarter, compared to the consensus estimate of $749.76 million. Akamai Technologies had a net margin of 16.52% and a return on equity of 16.86%. During the same quarter in the previous year, the firm posted $1.07 EPS. View Akamai Technologies' earnings history.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its board has approved a stock repurchase plan on Monday, October 29th 2018, which permits the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

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

Akamai Technologies issued an update on its FY20 earnings guidance on Tuesday, February, 11th. The company provided earnings per share (EPS) guidance of 4.80-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.79. The company issued revenue guidance of 3.055-3.105, compared to the consensus revenue estimate of $3.08 billion.

What price target have analysts set for AKAM?

21 analysts have issued 12 month target prices for Akamai Technologies' stock. Their forecasts range from $70.00 to $120.00. On average, they anticipate Akamai Technologies' share price to reach $101.53 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets 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 delivered stellar Q4 results, which benefited from robust cloud security solutions growth and strong holiday season traffic in e-commerce and media verticals. Strong performance of cloud security business, and growth in Media & Carrier Division drove the top line. Solid demand for Kona Site Defender, Prolexic Solutions, new Bot Manager Premier, and Nominum Services are key catalysts. The traction gained by Enterprise Application Access and Enterprise Threat Protector is noteworthy. Further, increasing adoption of mobile data/apps on growing mobile data traffic bodes well. Strong traffic growth in video downloads, is a positive. Notably, shares of the company have outperformed the industry in the past year. However, unfavorable foreign exchange and seasonal summer traffic remain headwinds. Increasing bandwidth costs are a major concern." (2/13/2020)
  • 2. Evercore ISI analysts commented, "We attended 2019 conference in Las Vegas. The conference included an investor session for the first time which we believe was appreciated by all in attendance. The conference had a positive tone overall with a crowd that had significant interest in Akamai’s offerings. The conference reinforced core traffic centric growth drivers for the business while outlining improvements being made to support continued growth in the company’s pivot to the security market. Looking forward the company highlighted emerging themes such as 5G, IoT and Blockchain as areas for future growth. See below / within for more insights from the conference. Zero Overage. The company model launched a new fixed fee pricing model for web performance and security customers. We believe this initiative was at least in part driven by customer feedback." (6/13/2019)

Has Akamai Technologies been receiving favorable news coverage?

Press coverage about AKAM stock has trended extremely negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Akamai Technologies earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media coverage 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 impact on the company's share price in the near term. View the latest news aboutAkamai Technologies.

Are investors shorting Akamai Technologies?

Akamai Technologies saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,888,200 shares, a decrease of 6.7% from the February 27th total of 6,310,000 shares. Based on an average daily trading volume, of 1,949,600 shares, the short-interest ratio is presently 3.0 days. Approximately 3.7% of the company's stock are sold short. View Akamai Technologies' Current Options Chain.

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 NVIDIA (NVDA), Micron Technology (MU), Netflix (NFLX), Alibaba Group (BABA), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM), Adobe (ADBE), Advanced Micro Devices (AMD) and Walt Disney (DIS).

Who are Akamai Technologies' key executives?

Akamai Technologies' management team includes the following 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)

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 AQR Capital Management LLC (2.68%), First Trust Advisors LP (2.35%), King Luther Capital Management Corp (1.62%), Nuveen Asset Management LLC (1.61%), Geode Capital Management LLC (1.57%) and Norges Bank (1.05%). 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, 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 Toronto Dominion Bank, New York State Common Retirement Fund, Nuveen Asset Management LLC, AQR Capital Management LLC, Caisse DE Depot ET Placement DU Quebec, First Hawaiian Bank, Charles Schwab Investment Management Inc., and Assenagon Asset Management S.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, Robert Blumofe, and William Wheaton. View insider buying and selling activity 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 Norges Bank, First Trust Advisors LP, Alyeska Investment Group L.P., Bank of Montreal Can, PGGM Investments, California Public Employees Retirement System, Alliancebernstein L.P., and MERIAN GLOBAL INVESTORS UK Ltd. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Akamai Technologies' stock price today?

One share of AKAM stock can currently be purchased for approximately $90.61.

How big of a company is Akamai Technologies?

Akamai Technologies has a market capitalization of $14.67 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. View additional information about Akamai Technologies.

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 145 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:  1,128 (Vote Outperform)
Underperform Votes:  907 (Vote Underperform)
Total Votes:  2,035
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 3/29/2020 by MarketBeat.com Staff

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