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 has initiated a share buyback plan on Monday, October 29th 2018, which authorizes the company to repurchase $1,100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 10.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Akamai Technologies, Inc. (NASDAQ:AKAM) issued its quarterly earnings data on Monday, October, 28th. The technology infrastructure company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.10. The technology infrastructure company earned $709.91 million during the quarter, compared to analysts' expectations of $701.25 million. Akamai Technologies had a net margin of 15.98% and a return on equity of 16.76%. Akamai Technologies's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. 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 will be holding an earnings conference call on Tuesday, February 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 brokerages have issued 1 year price targets for Akamai Technologies' stock. Their forecasts range from $58.00 to $111.00. On average, they expect Akamai Technologies' stock price to reach $93.56 in the next twelve months. This suggests that the stock has a possible downside of 2.0%. 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.

Press coverage about AKAM stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news 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 0.6 on InfoTrie's scale. They also assigned news coverage about the technology infrastructure company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely 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 in 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 short-interest ratio is presently 6.6 days. Currently, 5.8% of the company's shares 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), Envestnet (ENV), Cornerstone OnDemand (CSOD), 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), Advanced Micro Devices (AMD) and Twitter (TWTR).

Akamai Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional investors include LGT Capital Partners LTD. (0.49%), Strs Ohio (0.22%), PGGM Investments (0.21%), Davis R M Inc. (0.18%), New York State Teachers Retirement System (0.16%) and Boston Trust Walden Corp (0.14%). 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., Columbus Circle Investors, Commerzbank Aktiengesellschaft FI, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Winslow Evans & Crocker Inc., Howland Capital Management LLC and S&CO 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 acquired by a variety of institutional investors in the last quarter, including PGGM Investments, Davis R M Inc., New York State Teachers Retirement System, Strs Ohio, State of Alaska Department of Revenue, DNB Asset Management AS, LGT Capital Partners LTD. and Boston Trust Walden 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 $95.52.

Akamai Technologies has a market capitalization of $15.44 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]