Akamai Technologies (AKAM) Stock Price, News & Analysis

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Akamai Technologies in the last twelve months. There are currently 2 sell ratings, 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AKAM shares.
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17 analysts have issued 12-month price targets for Akamai Technologies' shares. Their AKAM share price targets range from $81.00 to $150.00. On average, they predict the company's stock price to reach $121.27 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
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Akamai Technologies' stock was trading at $118.35 at the beginning of the year. Since then, AKAM stock has decreased by 14.1% and is now trading at $101.65.
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Akamai Technologies saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,000,000 shares, an increase of 7.4% from the March 15th total of 7,450,000 shares. Based on an average trading volume of 1,720,000 shares, the short-interest ratio is currently 4.7 days. Currently, 5.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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Akamai Technologies will be holding an earnings conference call on Thursday, May 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 "6371585".

Akamai Technologies, Inc. (NASDAQ:AKAM) announced its quarterly earnings data on Tuesday, February, 13th. The technology infrastructure company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.10. The technology infrastructure company had revenue of $995 million for the quarter, compared to the consensus estimate of $999.09 million. Akamai Technologies had a trailing twelve-month return on equity of 14.90% and a net margin of 14.37%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share.
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ETFs with the largest weight of Akamai Technologies (NASDAQ:AKAM) stock in their portfolio include Amplify Cybersecurity ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), Global X Cloud Computing ETF (CLOU), SPDR S&P Internet ETF (XWEB), iShares Cybersecurity and Tech ETF (IHAK), First Trust Nasdaq Cybersecurity ETF (CIBR), Defiance Next Gen Connectivity ETF (FIVG) and iShares Future Cloud 5G and Tech ETF (IDAT).

Akamai Technologies issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 1.590-1.640 for the period, compared to the consensus estimate of 1.590. The company issued revenue guidance of $980.0 million-$1.0 billion, compared to the consensus revenue estimate of $993.4 million.

1,067 employees have rated Akamai Technologies Chief Executive Officer Tom Leighton on Glassdoor.com. Tom Leighton has an approval rating of 95% among the company's employees. This puts Tom Leighton in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

Akamai Technologies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Portman Square Capital LLP (0.00%), Los Angeles Capital Management LLC (0.06%), IMC Chicago LLC (0.00%), Addenda Capital Inc. (0.05%), CWM LLC (0.04%) and Alaska Permanent Fund Corp (0.04%). Insiders that own company stock include Aaron Ahola, Adam Karon, Anthony P Williams, Bernardus Johannes M Verwaayen, Edward J Mcgowan, F Thomson Leighton, 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.
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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.
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