Akamai Technologies, Inc. (AKAM)

NASDAQ: AKAM · IEX Real-Time Price · USD
107.76
-0.31 (-0.29%)
At close: Feb 27, 2024, 4:00 PM
108.00
+0.24 (0.22%)
After-hours: Feb 27, 2024, 7:36 PM EST
-0.29%
Market Cap 16.32B
Revenue (ttm) 3.81B
Net Income (ttm) 547.63M
Shares Out 151.00M
EPS (ttm) 3.53
PE Ratio 30.53
Forward PE 16.10
Dividend n/a
Ex-Dividend Date n/a
Volume 1,482,130
Open 108.20
Previous Close 108.07
Day's Range 107.16 - 108.44
52-Week Range 70.65 - 129.17
Beta 0.76
Analysts Buy
Price Target 116.39 (+8.01%)
Earnings Date Feb 13, 2024

About AKAM

Akamai Technologies, Inc. provides cloud services for securing, delivering, and computing content, applications, and software over the internet 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 v... [Read more]

Sector Technology
IPO Date Oct 29, 1999
Employees 9,800
Stock Exchange NASDAQ
Ticker Symbol AKAM
Full Company Profile

Financial Performance

In 2023, AKAM'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 Statements

Analyst Forecast

According to 20 analysts, the average rating for AKAM stock is "Buy." The 12-month stock price forecast is $116.39, which is an increase of 8.01% from the latest price.

Price Target
$116.39
(8.01% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Akamai Extending Industry-Leading Segmentation Solution to Hybrid Cloud Environments

Akamai Guardicore Segmentation is available first to public-cloud customers via Microsoft Azure Marketplace CAMBRIDGE, Mass. , Feb. 27, 2024 /PRNewswire/ --  Akamai Technologies , Inc. (NASDAQ: AKAM),...

23 hours ago - PRNewsWire

AKAM, KHC Slide After Earnings, MGM Drops, & HPQ Upgraded

MGM Resorts (MGM) drops despite a rebound in China revenues. Jeff Pierce discusses this, along with how Akamai Technologies (AKAM) shares fall after revenue misses.

Other symbols: HPQKHCMGM
13 days ago - Schwab Network

Akamai CEO Tom Leighton on Q4 results: Cloud computing is our strongest growth area

Akamai Technologies CEO and co-founder Tom Leighton joins 'Squawk Box' to discuss the company's quarterly earnings results, which beat Wall Street's profit expectations but missed on revenue, growth o...

13 days ago - CNBC Television

Akamai Technologies misses quarterly revenue estimates on weak security demand

Akamai Technologies missed estimates for quarterly revenue on Tuesday and projected a downbeat first quarter as it grapples with a slowdown in demand for its cloud security services.

14 days ago - Reuters

AKAM, ABNB, LYFT: Earnings Review

Akamai Technologies' (AKAM) 4Q adjusted EPS came in at $1.69 versus an estimated $1.59 and revenue came in at $995.02M versus an estimated $997.61M. Nicole Petallides and Kevin Green discuss these ear...

Other symbols: LYFTABNB
14 days ago - Schwab Network

Akamai extends its edge-computing platform as it looks to challenge AWS, Azure and GCP

Akamai today announced the launch of its Gecko “Generalized Edge Compute” platform. This new initiative will increase the company's cloud-computing network with an additional 10 regions worldwide in t...

14 days ago - TechCrunch

Akamai Takes Cloud Computing to the Edge

New initiative, code-named Gecko, accelerates Akamai's build-out of the world's most distributed cloud computing platform CAMBRIDGE, Mass. , Feb. 13, 2024 /PRNewswire/ -- Akamai Technologies  (NASDAQ:...

14 days ago - PRNewsWire

AKAMAI REPORTS FOURTH QUARTER 2023 AND FULL-YEAR 2023 FINANCIAL RESULTS

Fourth quarter highlights Revenue of $995 million, up 7% year-over-year and when adjusted for foreign exchange* Security and compute revenue represented 61% of total revenue in the fourth quarter and ...

14 days ago - PRNewsWire

Akamai Announces Content Protector to Stop Scraping Attacks

The first scraper-specific product tailored to the unique characteristics of scraping attacks. CAMBRIDGE, Mass.

21 days ago - PRNewsWire

Akamai Technologies To Hold Fourth Quarter and Full-Year 2023 Investor Conference Call On Tuesday, February 13, at 4:30 PM ET

CAMBRIDGE, Mass. , Jan. 16, 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...

6 weeks ago - PRNewsWire

Akamai Foundation Announces 2023 Grant Recipients

STEM education grants for early learner (K-12) and 'Empower' grants for  college, technology career pathways, and entrepreneurship CAMBRIDGE, Mass. , Dec. 21, 2023 /PRNewswire/ -- Akamai Foundation, a...

2 months ago - PRNewsWire

Despite 40% Rise This Year Is Akamai Stock A Better Pick Than VeriSign?

Given its better prospects, we believe Akamai stock (NASDAQ NDAQ : AKAM) is a better pick than its industry peer, Verisign stock (NASDAQ: VRSN). Investors have assigned a higher valuation multiple of ...

2 months ago - Forbes

Akamai Named to Environmental, Social, and Governance Stock Indexes

CAMBRIDGE, Mass. , Dec. 14, 2023 /PRNewswire/ -- Akamai Technologies, Inc.  (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that the company is included in the ...

2 months ago - PRNewsWire

ZNet Technologies Becomes Akamai's First Distributor for Cloud Computing in India

JAIPUR, India--(BUSINESS WIRE)--ZNet Technologies, India's leading cloud distributor offering cloud infrastructure and managed services, today announced its new distribution partnership with Akamai, t...

2 months ago - Business Wire

Hydrolix Joins Akamai Qualified Computing Partner Program

CAMBRIDGE, Mass. , Nov. 15, 2023 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today detailed capabilities from  Hydrolix Inc. as par...

3 months ago - PRNewsWire

Akamai and Deloitte Announce Strategic Alliance to Deliver Zero Trust Segmentation and Managed Incident Response

The alliance will deliver a unified product and services approach to mitigate ransomware attacks in an enterprise-ready solution CAMBRIDGE, Mass. , Nov. 9, 2023 /PRNewswire/ -- Akamai Technologies (NA...

3 months ago - PRNewsWire

Akamai CEO Tom Leighton on Q3 earnings beat, growth outlook

Tom Leighton, Akamai CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported stronger than expected profits and revenue and also increased its full-year guidance.

3 months ago - CNBC Television

AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

Third  quarter revenue of  $965 million, up 9% year-over-year and when adjusted for foreign exchange* Security and compute revenue represented 61% of total revenue in the third quarter and combined gr...

4 months ago - PRNewsWire

Ransomware Attacks Have Doubled Over the Past Two Years, According to Akamai Research

Zero Trust and microsegmentation adoption increases in response to rise in attacks CAMBRIDGE, Mass. , Nov. 6, 2023 /PRNewswire/ --  Akamai Technologies (NASDAQ: AKAM), the cloud company that powers an...

4 months ago - PRNewsWire

Akamai Stock Has Seen Little Change Since 2021. Will A Q3 Earnings Beat Drive The Stock Higher?

We estimate that Akamai's revenue will come in at about $944 million for the quarter, slightly ahead of consensus estimates and about 8% higher compared to last year.

4 months ago - Forbes

Akamai Strengthens DDoS Protection with Launch of Canadian Scrubbing Centers

Prolexic cloud scrubbing centers in Toronto and Montreal enhance protection from DDoS attacks. CAMBRIDGE, Mass.

4 months ago - PRNewsWire

GlobalLogic and Akamai Announce Partnership to Deliver Enterprise Technology Solutions & Services

Partnership results in enhanced customer offerings powered by Digital Solutions and Cloud CAMBRIDGE, Mass. , Oct. 24, 2023 /PRNewswire/ -- GlobalLogic Inc., a Hitachi Group company and leader in Digit...

4 months ago - PRNewsWire

CYBERIA Announces first Akamai DDoS Scrubbing Center in Saudi Arabia

RIYADH, Saudi Arabia--(BUSINESS WIRE)--CYBERIA Announces first Akamai DDoS Scrubbing Center in Saudi Arabia.

4 months ago - Business Wire

Akamai Technologies Acquires Select Customer Contracts from Lumen

CAMBRIDGE, Mass. , Oct. 10, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has acquired assets, includin...

5 months ago - PRNewsWire

Akamai Technologies To Hold Third Quarter 2023 Investor Conference Call On Tuesday, November 7, at 4:30 PM ET

CAMBRIDGE, Mass. , Oct. 10, 2023 /PRNewswire/ --  Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that the company will hold a confer...

5 months ago - PRNewsWire