Do analysts agree on Akamai Technologies (Akam) stock's price target?
According to analysts' consensus price target of $129.20, Akamai Technologies has a forecasted upside of 11.1% from its current price of $116.24. Akamai Technologies has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Akamai Technologies has received 1,168 “outperform” votes.
Who buys aakam stock?
AKAM stock was purchased by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Alliancebernstein L.P., Bank of Nova Scotia, Impax Asset Management Group plc, Hsbc Holdings PLC, ING Groep NV, Mackenzie Financial Corp, and Geode Capital Management LLC.
What does Akamai Technologies’ stock buyback program mean for investors?
Akamai Technologies announced that its board has initiated a stock buyback program on Tuesday, November 2nd 2021, which permits the company to buyback $1,800,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10% of its stock through open market purchases.
How did Akamai Technologies'security business perform in Q4?
Akamai's (AKAM) fourth-quarter 2021 results benefit from growth in its security business. Akamai Technologies (AKAM) delivered earnings and revenue surprises of 4.93% and 0.73%, respectively, for the quarter ended December 2021.
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Is Akam stock a buy?
The consensus among 13 Wall Street analysts covering (NASDAQ: AKAM) stock is to Buy AKAM stock.
Will Akamai stock go up?
Stock Price Forecast The 13 analysts offering 12-month price forecasts for Akamai Technologies Inc have a median target of 115.00, with a high estimate of 164.00 and a low estimate of 90.00. The median estimate represents a +28.61% increase from the last price of 89.42.
What sector is Akam in?
Key DataLabelValueSectorConsumer DiscretionaryIndustryBusiness Services1 Year Target$123.00Today's High/Low$88.44/$87.3714 more rows
Who owns Akamai stock?
Top 10 Owners of Akamai Technologies IncStockholderStakeShares ownedThe Vanguard Group, Inc.10.76%17,246,501BlackRock Fund Advisors6.35%10,180,959Canada Pension Plan Investment Bo...4.60%7,375,349SSgA Funds Management, Inc.4.36%6,992,1746 more rows
Why is Akam stock falling?
Akamai Stock Tumbles As Quarterly Earnings Miss, 2022 Guidance Lowered. Akamai Technologies (AKAM) reported first-quarter earnings that missed Wall Street targets amid its acquisition spree. The earnings report sent AKAM stock plunging as the company lowered 2022 guidance.
What happened to Akamai?
On February 9, 2021, Akamai announced it would be reorganizing into two internal groups: Security Technology and Edge Technology.
What is mean by Akam?
Akam (Tamil: அகம், akam) is one of two genres of Classical Tamil poetry which concerns with the subject of love, the other (puṟam) concerns the subject of war. It can also be translated as love and heroism.
What is Akamai revenue?
3.461 billion USD (2021)Akamai Technologies / Revenue
Does Netflix use Akamai?
Netflix initially outsourced streaming video delivery to three large CDN vendors (Akamai, Level3, and LimeLight).
When did Akam go public?
October 29, 1999Since Akamai does not have a direct stock purchase plan, you can buy shares of Akamai common stock by contacting a brokerage firm. When was Akamai's initial public offering (IPO)? Akamai went public October 29, 1999, at $26.00 per share.
Does Microsoft use Akamai?
By becoming an Akamai customer, Microsoft joins the list of leading Web companies that rely on Akamai for high-performance, reliable delivery of content to their users.
What is Akamai Technologies?
Where is Akamai Technologies located?
Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally.
Where is Akamai located?
has a strategic partnership with Queue-It to deliver a cure for Covid vaccine registration. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
Does market cap include convertible securities?
145 BROADWAY, CAMBRIDGE, Massachusetts, 2142, United States +1 617 444-3000. Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality.
When will Akamai release its earnings?
It does not include securities convertible into the common equity securities. "Market Cap" is derived from the last sale price for the displayed class of listed securities and the total number of shares outstanding for both listed and unlisted securities (as applicable).
How much does Akamai make?
Akamai Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021. View our earnings forecast for Akamai Technologies.
Akamai Continues Looking to Acquisitions To Power Growth and Reduce Reliance on Fading CDN
Akamai Technologies has a market capitalization of $19.48 billion and generates $3.20 billion in revenue each year. The technology infrastructure company earns $557.05 million in net income (profit) each year or $4.16 on an earnings per share basis.
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Akamai posted a good fourth quarter to end 2021. Its security business again grew rapidly and overshadowed weakness in its legacy content delivery network, or CDN, business.
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