NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Akamai Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $97.38 +2.16 (+2.27 %) (As of 04/8/2020 02:43 PM ET) Add Compare Share Today's Range$95.40Now: $97.39▼$97.7750-Day Range$80.05MA: $91.34▼$102.5652-Week Range$73.19Now: $97.39▼$103.34Volume766,759 shsAverage Volume1.84 million shsMarket Capitalization$15.76 billionP/E Ratio33.47Dividend YieldN/ABeta0.31 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 2.4 Analyst's Opinion Consensus RatingAkamai Technologies has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 16 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $101.75, Akamai Technologies has a potential upside of 5.1% from its current price of $96.84.Amount of Analyst CoverageAkamai Technologies has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.8 Community Rank Outperform VotesAkamai Technologies has received 1,130 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAkamai Technologies has received 910 “underperform” votes. (Add your “underperform” vote.)Community SentimentAkamai Technologies has received 55.39% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldAkamai Technologies does not currently pay a dividend.Dividend GrowthAkamai Technologies does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Akamai Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,438,395.00 in company stock.Percentage Held by InsidersOnly 2.40% of the stock of Akamai Technologies is held by insiders.Percentage Held by Institutions89.85% of the stock of Akamai Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Akamai Technologies are expected to grow by 8.97% in the coming year, from $3.90 to $4.25 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Akamai Technologies is 33.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 12.21.Price to Earnings Ratio vs. SectorThe P/E ratio of Akamai Technologies is 33.28, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 33.75.Price to Earnings Growth RatioAkamai Technologies has a PEG Ratio of 2.04. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAkamai Technologies has a P/B Ratio of 4.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.48 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Business services, not elsewhere classified Sub-IndustryInternet Software & Services SectorComputer and Technology Current SymbolNASDAQ:AKAM Previous Symbol CUSIP00971T10 CIK1086222 Webhttp://www.akamai.com/ Phone617-444-3000Debt Debt-to-Equity Ratio0.69 Current Ratio3.22 Quick Ratio3.22Price-To-Earnings Trailing P/E Ratio33.47 Forward P/E Ratio24.97 P/E Growth2.04 Sales & Book Value Annual Sales$2.89 billion Price / Sales5.45 Cash Flow$6.84 per share Price / Cash Flow14.23 Book Value$22.64 per share Price / Book4.30Profitability EPS (Most Recent Fiscal Year)$3.61 Net Income$478.04 million Net Margins16.52% Return on Equity16.86% Return on Assets9.77%Miscellaneous Employees3,639 Outstanding Shares161,882,000Market Cap$15.76 billion Next Earnings Date4/28/2020 (Confirmed) OptionableOptionable Receive AKAM News and Ratings via Email Sign-up to receive the latest news and ratings for AKAM and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:AKAM Rates by TradingView 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 reached pandemic status according to the World Health Organization (WHO). Since then, AKAM shares have increased by 11.3% and is now trading at $96.84. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Akamai Technologies? 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 6 hold ratings and 16 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, April 28th 2020. View our earnings forecast for Akamai Technologies. How were Akamai Technologies' earnings last quarter? Akamai Technologies, Inc. (NASDAQ:AKAM) released its quarterly earnings data on Tuesday, February, 11th. The technology infrastructure company reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 16.86% and a net margin of 16.52%. During the same quarter last year, the business earned $1.07 earnings per share. 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 shares, according to EventVestor. This repurchase authorization permits the company to repurchase 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 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? 22 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 $101.75 in the next twelve months. This suggests a possible upside of 5.1% 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? Headlines about AKAM stock have trended very negative on Wednesday, according to InfoTrie. The research group identifies negative and positive news 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 negative five to five, with scores closest to five being the most favorable. Akamai Technologies earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the technology infrastructure company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutAkamai Technologies. Are investors shorting Akamai Technologies? Akamai Technologies saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,888,200 shares, a drop of 6.7% from the February 27th total of 6,310,000 shares. Based on an average trading volume of 1,949,600 shares, the short-interest ratio is presently 3.0 days. Currently, 3.7% of the company's shares are sold short. View Akamai Technologies' Current Options Chain. Who are some of Akamai Technologies' key competitors? Some companies that are related to Akamai Technologies include Facebook (FB), Equinix (EQIX), eBay (EBAY), Verisign (VRSN), CoStar Group (CSGP), Twitter (TWTR), SEA (SE), LogMeIn (LOGM), J2 Global (JCOM), Envestnet (ENV), Stamps.com (STMP), ANGI Homeservices (ANGI), Cornerstone OnDemand (CSOD), SPS Commerce (SPSC) and NIC (EGOV). 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), Micron Technology (MU), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Adobe (ADBE), salesforce.com (CRM), 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 institutional and retail investors. Top institutional shareholders include LGT Capital Partners LTD. (0.50%), State of Alaska Department of Revenue (0.08%), Orrstown Financial Services Inc. (0.00%), Fulton Bank N.A. (0.00%) and IBM Retirement Fund (0.00%). 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 institutional investors are buying Akamai Technologies stock? AKAM stock was acquired by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., State of Alaska Department of Revenue, Orrstown Financial Services Inc., IBM Retirement Fund, and Fulton Bank N.A.. 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 $96.84. How big of a company is Akamai Technologies? Akamai Technologies has a market capitalization of $15.68 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] This page was last updated on 4/8/2020 by MarketBeat.com StaffFeatured Article: Initial Coin Offerings entail a high degree of risk
