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

Akamai Technologies trades on the NASDAQ under the ticker symbol "AKAM."

Akamai Technologies declared that its Board of Directors has initiated a share repurchase program 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 reacquire up to 10.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its earnings results on Monday, October, 28th. The technology infrastructure company reported $1.10 EPS for the quarter, topping the Zacks' consensus estimate of $1.00 by $0.10. The technology infrastructure company had revenue of $709.91 million for the quarter, compared to analyst estimates of $701.25 million. Akamai Technologies had a return on equity of 16.76% and a net margin of 15.98%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. View Akamai Technologies' Earnings History.

Akamai Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Akamai Technologies.

Akamai Technologies issued an update on its fourth quarter earnings guidance on Monday, October, 28th. The company provided EPS guidance of $1.10-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.11. The company issued revenue guidance of $735-755 million, compared to the consensus revenue estimate of $747.07 million.

17 brokers have issued 12 month target prices for Akamai Technologies' shares. Their forecasts range from $58.00 to $111.00. On average, they anticipate Akamai Technologies' stock price to reach $93.56 in the next year. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for Akamai Technologies.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Akamai Technologies.

News stories about AKAM stock have trended negative this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Akamai Technologies earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned news articles about the technology infrastructure company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Akamai Technologies.

Akamai Technologies saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 9,110,000 shares, a decrease of 6.0% from the December 15th total of 9,690,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 5.8% 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), Twitter (TWTR), Verisign (VRSN), CoStar Group (CSGP), SEA (SE), J2 Global (JCOM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Cornerstone OnDemand (CSOD), Envestnet (ENV), Cimpress (CMPR), LivePerson (LPSN) and Yelp (YELP).

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), Adobe (ADBE), salesforce.com (CRM), Twitter (TWTR) and Advanced Micro Devices (AMD).

Akamai Technologies' stock is owned by many different of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.49%), PGGM Investments (0.21%), Boston Trust Walden Corp (0.14%), Endurance Wealth Management Inc. (0.10%), State of Alaska Department of Revenue (0.07%) and Nisa Investment Advisors LLC (0.06%). 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, Monte E Ford, Naomi O Seligman, 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 First Hawaiian Bank, Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Winslow Evans & Crocker Inc., IFM Investors Pty Ltd, Tributary Capital Management LLC and IFP Advisors 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, Monte E Ford, Rick M Mcconnell, Robert Blumofe and William Wheaton. View Insider Buying and Selling for Akamai Technologies.

AKAM stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, State of Alaska Department of Revenue, DNB Asset Management AS, LGT Capital Partners LTD., Boston Trust Walden Corp, Nisa Investment Advisors LLC, Orrstown Financial Services Inc. and Garner Asset Management Corp. View Insider Buying and Selling 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 $94.95.

Akamai Technologies has a market capitalization of $15.34 billion and generates $2.71 billion in revenue each year. The technology infrastructure company earns $298.37 million in net income (profit) each year or $2.76 on an earnings per share basis. Akamai Technologies employs 7,519 workers across the globe.View Additional Information About Akamai Technologies.

The official website for Akamai Technologies is http://www.akamai.com/.

Akamai Technologies' mailing address is 150 BROADWAY, CAMBRIDGE MA, 02142. The technology infrastructure company can be reached via phone at 617-444-3000 or via email at [email protected]