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.
What is Akamai Technologies?
Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally.
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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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 118.00, with a high estimate of 164.00 and a low estimate of 90.00. The median estimate represents a +32.17% increase from the last price of 89.28.
Is Akamai a buy?
Akamai Technologies has received a consensus rating of Hold. The company's average rating score is 2.42, and is based on 6 buy ratings, 5 hold ratings, and 1 sell rating.
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
Who did Akamai buy?
Earlier this year, Akamai announced its plans to acquire Linode, the well-loved cloud hosting service, to build out its own cloud and edge computing portfolio. The $900 million acquisition closed last month.
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.
Does Netflix use Akamai?
Netflix initially outsourced streaming video delivery to three large CDN vendors (Akamai, Level3, and LimeLight).
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 companies use Akamai?
Who uses Akamai?CompanyWebsiteCompany SizeLorven Technologieslorventech.com50-200Zendesk Inczendesk.com1000-5000CONFIDENTIAL RECORDS, INC.confidentialrecordsinc.com1-10Federal Emergency Management Agencyfema.gov>10000
What happened to Akamai?
On February 9, 2021, Akamai announced it would be reorganizing into two internal groups: Security Technology and Edge Technology. The company also re-established the role of chief technology officer and that Robert Blumofe would be serving in that role.
Does Facebook use Akamai?
To provide good quality of service (e.g., low access delay) to their clients, FB relies on Akamai which provides a worldwide content distribution network with a large number of edge servers that are much closer to FB subscribers.
When did Akamai go public?
October 29, 1999When was Akamai's initial public offering (IPO)? Akamai went public October 29, 1999, at $26.00 per share.
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.
What time do you trade in the pre market?
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.
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Environmental, Social, and Governance Rating
The Company provides services for accelerating and improving the delivery of content and applications over the Internet from live and on-demand streaming videos to conventional content on web pages to tools that help people transact business.
Business Summary
"A" score indicates excellent relative ESG performance and a high degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
When will Akamai release its earnings?
The Company provides services for accelerating and improving the delivery of content and applications over the Internet from live and on-demand streaming videos to conventional content on web pages to tools that help people transact business.
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.
Who is the CEO of Akamai?
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.
What does Akamai CEO say?
"The enterprises have to adopt a solution," Akamai Technologies CEO Tom Leighton said. Akamai's security business made up 37% of total revenues in the first quarter, up from 31% in the year-ago quarter.
What is Akamai Technologies?
Akamai CEO says security is becoming a major growth driver for the content business. "You've got to adopt a model of zero trust of security," Leighton told Jim Cramer in a "Mad Money.". 1 month ago - CNBC.