S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
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What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
pixel
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
pixel
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
pixel
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
NASDAQ:AKAM

Akamai Technologies - AKAM Stock Forecast, Price & News

$96.28
+0.07 (+0.07%)
(As of 08/5/2022 12:00 AM ET)
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Compare
Today's Range
$94.64
$96.34
50-Day Range
$86.83
$102.74
52-Week Range
$85.90
$123.25
Volume
840,205 shs
Average Volume
1.65 million shs
Market Capitalization
$15.43 billion
P/E Ratio
25.88
Dividend Yield
N/A
Price Target
$121.91

Akamai Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
26.6% Upside
$121.91 Price Target
Short Interest
Bearish
7.41% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.87
Upright™ Environmental Score
News Sentiment
-0.24mentions of Akamai Technologies in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.68 M Sold Last Quarter
Proj. Earnings Growth
16.24%
From $4.25 to $4.94 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Computer And Technology Sector

197th out of 832 stocks

Business Services, Not Elsewhere Classified Industry

33rd out of 136 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on AKAM. Craig Hallum decreased their price objective on Akamai Technologies from $120.00 to $90.00 in a research report on Wednesday, May 4th. Robert W. Baird restated a "neutral" rating and issued a $102.00 target price on shares of Akamai Technologies in a research note on Friday, May 20th. Raymond James cut their target price on Akamai Technologies from $118.00 to $115.00 in a research note on Wednesday, May 4th. Royal Bank of Canada dropped their price objective on Akamai Technologies from $140.00 to $135.00 in a research note on Wednesday, May 4th. Finally, Morgan Stanley dropped their price objective on Akamai Technologies from $118.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $121.91.

Akamai Technologies Stock Performance

NASDAQ:AKAM traded up $0.07 on Friday, reaching $96.28. The stock had a trading volume of 840,205 shares, compared to its average volume of 1,654,812. The company has a market cap of $15.43 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. Akamai Technologies has a 1-year low of $85.90 and a 1-year high of $123.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a fifty day moving average of $93.72 and a two-hundred day moving average of $104.77.

Insider Transactions at Akamai Technologies

In other news, CTO Robert Blumofe sold 5,000 shares of the stock in a transaction on Friday, May 13th. The stock was sold at an average price of $97.68, for a total transaction of $488,400.00. Following the sale, the chief technology officer now directly owns 19,725 shares of the company's stock, valued at approximately $1,926,738. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Paul C. Joseph sold 12,500 shares of the company's stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $95.22, for a total transaction of $1,190,250.00. Following the completion of the sale, the executive vice president now directly owns 32,573 shares in the company, valued at approximately $3,101,601.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Robert Blumofe sold 5,000 shares of the company's stock in a transaction on Friday, May 13th. The stock was sold at an average price of $97.68, for a total value of $488,400.00. Following the sale, the chief technology officer now owns 19,725 shares of the company's stock, valued at $1,926,738. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

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AKAM Stock News Headlines

Akamai blocks largest-ever DDoS attack
Better Buy: Akamai vs. Cloudflare
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AKAM Company Calendar

Last Earnings
11/02/2021
Today
8/07/2022
Next Earnings (Confirmed)
8/09/2022
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
$121.91
High Stock Price Forecast
$168.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
+26.6%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$651.64 million
Pretax Margin
20.46%

Debt

Sales & Book Value

Annual Sales
$3.46 billion
Cash Flow
$8.66 per share
Book Value
$27.88 per share

Miscellaneous

Free Float
157,580,000
Market Cap
$15.43 billion
Optionable
Optionable
Beta
0.64

Social Links















AKAM Stock - Frequently Asked Questions

Should I buy or sell Akamai Technologies stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Akamai Technologies stock. 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 analyst ratings for Akamai Technologies
or view top-rated stocks.

What is Akamai Technologies' stock price forecast for 2022?

11 analysts have issued 12 month target prices for Akamai Technologies' stock. Their AKAM stock forecasts range from $90.00 to $168.00. On average, they expect Akamai Technologies' share price to reach $121.91 in the next twelve months. This suggests a possible upside of 26.6% from the stock's current price.
View analysts' price targets for Akamai Technologies
or view top-rated stocks among Wall Street analysts.

How has Akamai Technologies' stock price performed in 2022?

Akamai Technologies' stock was trading at $117.04 at the beginning of the year. Since then, AKAM shares have decreased by 17.7% and is now trading at $96.28.
View the best growth stocks for 2022 here
.

When is Akamai Technologies' next earnings date?

Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Akamai Technologies
.

How can I listen to Akamai Technologies' earnings call?

Akamai Technologies will be holding an earnings conference call on Tuesday, August 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6965820".

How were Akamai Technologies' earnings last quarter?

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings data on Tuesday, November, 2nd. The technology infrastructure company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.06. The technology infrastructure company had revenue of $860.33 million for the quarter, compared to the consensus estimate of $852.50 million. Akamai Technologies had a net margin of 17.46% and a trailing twelve-month return on equity of 17.42%. During the same period in the prior year, the company earned $1.11 EPS.
Read Akamai Technologies' conference call transcript
.

How will Akamai Technologies' stock buyback program work?

Akamai Technologies announced that its board has approved a stock buyback program on Tuesday, November 2nd 2021, which authorizes the company to buyback $1,800,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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

Akamai Technologies updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $1.28-$1.33 for the period, compared to the consensus estimate of $1.45. The company issued revenue guidance of $890.00 million-$905.00 million, compared to the consensus revenue estimate of $924.54 million.

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

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.

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 a variety of retail and institutional investors. Top institutional shareholders include LGT Capital Partners LTD. (0.86%), abrdn plc (0.69%), Congress Asset Management Co. MA (0.60%), Truist Financial Corp (0.48%), DekaBank Deutsche Girozentrale (0.43%) and Sumitomo Mitsui Trust Holdings Inc. (0.42%). 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, 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 for Akamai Technologies
.

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 $96.28.

How much money does Akamai Technologies make?

Akamai Technologies (NASDAQ:AKAM) has a market capitalization of $15.43 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 $3.72 on an earnings per share basis.

How many employees does Akamai Technologies have?

Akamai Technologies 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

When was Akamai Technologies founded?

Akamai Technologies was founded in 1998.

How can I contact Akamai Technologies?

Akamai Technologies' mailing address is 145 BROADWAY, CAMBRIDGE MA, 02142. The official website for Akamai Technologies 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 8/7/2022 by MarketBeat.com Staff

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