Akamai Technologies, Inc. (AKAM)
| Market Cap | 14.41B |
| Revenue (ttm) | 3.97B |
| Net Income (ttm) | 526.18M |
| Shares Out | 150.23M |
| EPS (ttm) | 3.38 |
| PE Ratio | 28.36 |
| Forward PE | 14.65 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,445,404 |
| Open | 94.25 |
| Previous Close | 94.58 |
| Day's Range | 93.93 - 96.32 |
| 52-Week Range | 84.70 - 129.17 |
| Beta | 0.65 |
| Analysts | Buy |
| Price Target | 115.79 (+20.75%) |
| Earnings Date | Feb 11, 2025 |
About AKAM
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, br... [Read more]
Financial Performance
In 2023, Akamai's revenue was $3.81 billion, an increase of 5.40% compared to the previous year's $3.62 billion. Earnings were $547.63 million, an increase of 4.57%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for AKAM stock is "Buy." The 12-month stock price forecast is $115.79, which is an increase of 20.75% from the latest price.
News
Recent Accolades Validate Akamai's API Security Solution
Akamai is recognized by top industry influencers CAMBRIDGE, Mass. , Dec. 18, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cyber security and cloud computing company that protect...
Akamai Completes Acquisition of Select Assets of Edgio
CAMBRIDGE, Mass. , Dec. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers business online, today announced it has completed i...
Akamai Guardicore Segmentation Delivered 152% Return on Investment According to New Total Economic Impact Study
CAMBRIDGE, Mass. , Dec. 9, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new study showing Akamai Guardicore ...
Bankruptcy Court Approves Winning Akamai Bid for Select Assets of Edgio
CAMBRIDGE, Mass. , Nov. 26, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced that the U....
Akamai Extends Microsegmentation to Amazon Web Services; Enhances ZTNA for Optimal Application Performance
Akamai continues to demonstrate its commitment to helping customers achieve their Zero Trust goals CAMBRIDGE, Mass. , Nov. 19, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cyber...
Akamai Announces Winning Bid for Select Assets of Edgio
CAMBRIDGE, Mass. , Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it is the winning bidder...
Akamai Technologies Q3: Interesting Enough To Put On My Watchlist
Akamai Technologies' Q3 earnings showed mixed results, with revenue up 3.6% y/y but a significant GAAP operating margin drop due to restructuring charges. The company's outlook is weak with lowered fu...
Avesha Technologies Joins Akamai Qualified Compute Partner Program
CAMBRIDGE, Mass. , Nov. 14, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that A...
New Study Finds 84% of Security Professionals Experienced an API Security Incident in the Past Year
Only 27% of respondents know which APIs return the sensitive data that attackers seek CAMBRIDGE, Mass. , Nov. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company tha...
Akamai Launches Cloud-Agnostic, Ready-to-Run Application Platform
Solves three of the biggest challenges for greater Kubernetes adoption: skills, scale, and lock-in CAMBRIDGE, Mass. , Nov. 12, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybers...
Buy, Sell, Or Hold Akamai Stock?
Akamai stock tumbled 14% in Friday's trading following its Q3 earnings report, which largely met expectations but raised concerns with a weaker Q4 guidance. Moreover, the continued decline in the comp...
Akamai Technologies, Inc. (AKAM) Q3 2024 Earnings Call Transcript
Akamai Technologies, Inc. (NASDAQ:AKAM) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mark Stoutenberg - Head of IR Tom Leighton - CEO Ed McGowan - CFO Conference ...
Akamai forecasts fourth-quarter revenue below estimates on weak client spending
Akamai Technologies forecast fourth-quarter revenue below estimates on Thursday, expecting a pullback in spending on its cloud and content delivery services by clients grappling with an uncertain macr...
AKAMAI REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS
Third quarter revenue of $1.005 billion, up 4% year-over-year and when adjusted for foreign exchange* Security and compute revenue represented 68% of total revenue in the third quarter and combined ...
Akamai Account Protector Adds New Capabilities to Power the Fight Against Fraud and Abuse
New real-time capabilities provide businesses with granular control and security across entire user account lifecycle CAMBRIDGE, Mass. , Oct. 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASD...
APIContext Joins Akamai Qualified Compute Partner Program
CAMBRIDGE, Mass. , Oct. 17, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that APIContext is the latest organiza...
Akamai Adds Behavioral DDoS Engine to App & API Protector
New solution leverages machine learning and global intelligence to enhance robust detection and mitigation capabilities against application-layer DDoS attacks CAMBRIDGE, Mass. , Oct. 16, 2024 /PRNewsw...
Akamai and Kyndryl Collaborate to Offer Zero Trust Segmentation Services
New service can help customers accelerate Zero Trust implementations CAMBRIDGE, Mass. , Oct. 15, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and prot...
Akamai Technologies To Hold Third Quarter 2024 Investor Conference Call On Thursday, November 7, at 4:30 PM ET
CAMBRIDGE, Mass. , Oct. 1, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that the company will hold a confere...
Akamai Delivers Native Connector for API Traffic Analysis
Integration improves the protection of APIs by connecting to Akamai Connected Cloud CAMBRIDGE, Mass. , Oct. 1, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that pow...
Akamai Technologies: Stronger Performing Segments May Be Overlooked By The Market
I recommend a buy rating for Akamai Technologies stock, as I believe the market undervalues the strong performance in the Security and Compute segments. Despite the slowdown in the Delivery segment, S...
Akamai Technologies Receives Company-wide ISO 14001 Attestation Demonstrating High Standards for Environmental Management Systems
CAMBRIDGE, Mass. , Sept. 23, 2024 /PRNewswire/ -- Akamai Technologies, Inc.
Akamai Recognized as a Leader in the 'IDC MarketScape: Web Application and API Protection (WAAP) 2024 Vendor Assessment'
Report Cites Akamai's Breadth of Security, Availability and Compliance Requirements for Modern Digital Businesses CAMBRIDGE, Mass. , Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc.
Akamai Finds Geopolitical Tensions Driving Surge in DDoS Attacks on Financial Institutions
Financial services is also most at risk for phishing and brand impersonation CAMBRIDGE, Mass. , Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers ...
Akamai Joins the Streaming Video Technology Alliance
Continues longstanding commitment to developing and advancing standards and organizations critical to web and internet operations AMSTERDAM , Sept. 13, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the ...