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NASDAQ:AKAM

Akamai Technologies (AKAM) Stock Price, News & Analysis

Akamai Technologies logo
$94.02 +0.16 (+0.17%)
(As of 11/29/2024 05:27 PM ET)

About Akamai Technologies Stock (NASDAQ:AKAM)

Key Stats

Today's Range
$93.68
$94.86
50-Day Range
$85.96
$106.67
52-Week Range
$84.70
$129.17
Volume
830,767 shs
Average Volume
1.68 million shs
Market Capitalization
$14.12 billion
P/E Ratio
27.82
Dividend Yield
N/A
Price Target
$117.47
Consensus Rating
Moderate Buy

Company Overview

Akamai Technologies, Inc. provides cloud computing, security, and content delivery services 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 cloud computing services, such as compute, storage, networking, database, and container management services to build, deploy, and secure applications and workloads. In addition, the company offers 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 various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

Akamai Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
81st Percentile Overall Score

AKAM MarketRank™: 

Akamai Technologies scored higher than 81% of companies evaluated by MarketBeat, and ranked 180th out of 665 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Akamai Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 12 buy ratings, 4 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Akamai Technologies has only been the subject of 4 research reports in the past 90 days.

  • Read more about Akamai Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Akamai Technologies are expected to grow by 5.09% in the coming year, from $4.32 to $4.54 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Akamai Technologies is 27.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.77.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Akamai Technologies is 27.82, 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 192.91.

  • Price to Earnings Growth Ratio

    Akamai Technologies has a PEG Ratio of 3.57. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Akamai Technologies has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Akamai Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    6.09% of the float of Akamai Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Akamai Technologies has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Akamai Technologies has recently decreased by 1.43%, indicating that investor sentiment is improving.
  • Dividend Yield

    Akamai Technologies does not currently pay a dividend.

  • Dividend Growth

    Akamai Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.09% of the float of Akamai Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Akamai Technologies has a short interest ratio ("days to cover") of 5.3.
  • Change versus previous month

    Short interest in Akamai Technologies has recently decreased by 1.43%, indicating that investor sentiment is improving.
  • News Sentiment

    Akamai Technologies has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Akamai Technologies this week, compared to 11 articles on an average week.
  • Search Interest

    19 people have searched for AKAM on MarketBeat in the last 30 days. This is an increase of 1,800% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Akamai Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $1,058,625.00 in company stock.

  • Percentage Held by Insiders

    Only 1.80% of the stock of Akamai Technologies is held by insiders.

  • Percentage Held by Institutions

    94.28% of the stock of Akamai Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Akamai Technologies' insider trading history.
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AKAM Stock News Headlines

D.A. Davidson Reaffirms Their Buy Rating on Akamai (AKAM)
BofA is watching for a market top
U.S. tech stocks have soared so high for so long that they're no longer just minting new millionaires... They're minting new billionaires. The number of American billionaires has skyrocketed over last year – their wealth hitting a record $12.1 trillion – thanks to the Nasdaq's extraordinary outperformance. But now, after two years of near-vertical gains...
Akamai receives approval to acquire select assets from Edgio
See More Headlines

AKAM Stock Analysis - Frequently Asked Questions

Akamai Technologies' stock was trading at $118.35 on January 1st, 2024. Since then, AKAM stock has decreased by 20.6% and is now trading at $94.02.
View the best growth stocks for 2024 here
.

Akamai Technologies, Inc. (NASDAQ:AKAM) posted its earnings results on Thursday, August, 8th. The technology infrastructure company reported $1.58 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.05. The business's revenue for the quarter was up 4.7% on a year-over-year basis.
Read the conference call transcript
.

Akamai Technologies' Board of Directors authorized a stock repurchase plan on Thursday, May 9th 2024, which allows the company to buy back $2,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 13.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Akamai Technologies subsidiaries include Linode, GuardiCore, Inverse, Asavie Technologies, ChameleonX, krypt.co, Exceda, and others.

Top institutional investors of Akamai Technologies include Geode Capital Management LLC (2.79%), Groupama Asset Managment (1.34%), Champlain Investment Partners LLC (1.17%) and Disciplined Growth Investors Inc. MN (1.00%). Insiders that own company stock include F Thomson Leighton, Kim Salem-Jackson, Paul C Joseph, Mani Sundaram, Robert Blumofe, William Raymond Wagner, Edward J Mcgowan, Aaron Ahola, Anthony P Williams, Adam Karon, Madhu Ranganathan and Bernardus Johannes M Verwaayen.
View institutional ownership trends
.

Shares of AKAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Akamai Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Humana (HUM), Netflix (NFLX), Salesforce (CRM) and American Water Works (AWK).

Company Calendar

Last Earnings
8/08/2024
Today
12/01/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
Internet Software & Services
Current Symbol
NASDAQ:AKAM
CUSIP
00971T10
Employees
10,250
Year Founded
1998

Price Target and Rating

Average Stock Price Target
$117.47
High Stock Price Target
$140.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
19 Analysts

Profitability

Net Income
$547.63 million
Pretax Margin
15.76%

Debt

Sales & Book Value

Annual Sales
$3.81 billion
Cash Flow
$8.41 per share
Book Value
$31.91 per share

Miscellaneous

Free Float
147,523,000
Market Cap
$14.12 billion
Optionable
Optionable
Beta
0.68

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This page (NASDAQ:AKAM) was last updated on 12/1/2024 by MarketBeat.com Staff
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