NASDAQ:AKAMAkamai Technologies Stock Price, Forecast & News

Akamai Technologies' stock was trading at $87.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AKAM shares have increased by 29.5% and is now trading at $112.67. 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.04. The technology infrastructure company earned $764.30 million during the quarter, compared to analysts' expectations of $749.75 million. Akamai Technologies had a net margin of 16.74% and a return on equity of 16.54%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. View Akamai Technologies' earnings history.

Akamai Technologies declared that its Board of Directors has approved a stock buyback plan on Monday, October 29th 2018, which allows the company to buyback $1,100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

Akamai Technologies updated its first quarter earnings guidance on Tuesday, April, 28th. The company provided earnings per share 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 brokerages have issued twelve-month price targets for Akamai Technologies' shares. Their forecasts range from $91.00 to $150.00. On average, they anticipate Akamai Technologies' share price to reach $111.84 in the next year. This suggests that the stock has a possible downside of 0.7%. View analysts' price targets for Akamai Technologies.

Media headlines about AKAM stock have been trending negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the technology infrastructure company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Akamai Technologies.

Akamai Technologies saw a increase in short interest in the month of 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 currently 2.7 days. Approximately 3.8% of the shares of the company are sold short. 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), J2 Global (JCOM), LivePerson (LPSN), 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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.25%), State of Alaska Department of Revenue (0.07%), Robecosam AG (0.02%), Dalton Greiner Hartman Maher & Co. (0.02%), DNB Asset Management AS (0.02%) and Municipal Employees Retirement System of Michigan (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, 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., Diversified Trust Co, DNB Asset Management AS, Fulton Bank N. A., and Orrstown Financial Services Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Robecosam AG, Municipal Employees Retirement System of Michigan, 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 $112.67.

Akamai Technologies has a market capitalization of $18.28 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]