Akamai Technologies, Inc. (AKAM)
| Market Cap | 14.29B |
| Revenue (ttm) | 3.88B |
| Net Income (ttm) | 625.94M |
| Shares Out | 151.53M |
| EPS (ttm) | 4.01 |
| PE Ratio | 23.52 |
| Forward PE | 13.45 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 3,406,745 |
| Open | 91.47 |
| Previous Close | 91.19 |
| Day's Range | 91.39 - 94.73 |
| 52-Week Range | 85.15 - 129.17 |
| Beta | 0.72 |
| Analysts | Buy |
| Price Target | 114.53 (+21.43%) |
| Earnings Date | May 9, 2024 |
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, 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 StatementsAnalyst Forecast
According to 18 analysts, the average rating for AKAM stock is "Buy." The 12-month stock price forecast is $114.53, which is an increase of 21.43% from the latest price.
News
S&P 500 Gains and Losses Today: Akamai Technologies Tumbles on Weak Guidance
Major U.S. equities indexes were mixed on Friday after the latest data from the University of Michigan's Consumer Sentiment Index showed sentiment declined sharply in May, falling to its lowest level ...
Akamai Falls After Adjusted EPS Forecast Miss
Akamai CEO Tom Leighton joins Caroline Hyde to discuss the company's recent earnings, which sent shares tumbling after its forecast adjusted earnings per share for the second quarter missed the averag...
Akamai needs to merge with Cloudflare: Jim Cramer
Akamai Technologies Inc (NASDAQ: AKAM) needs to merge with the likes of Cloudflare or Fastly, as per Jim Cramer. Shares of the Cambridge-headquartered firm are down 8.0% on Friday.
Cramer's Mad Dash: Akamai
CNBC's Jim Cramer delivers his daily Mad Dash.
Akamai Technologies Stock Drops as Slowing Traffic Growth Weighs on Guidance
Akamai Technologies (AKAM) posted quarterly earnings that came in ahead of Wall Street forecasts but provided guidance that fell short of expectations, sending shares in the software infrastructure co...
AKAMAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
First quarter revenue of $987 million, up 8% year-over-year and when adjusted for foreign exchange* Security and compute revenue represented 64% of total revenue in the first quarter and combined gr...
Akamai Is Named a 2024 Stevie® Award Winner
CAMBRIDGE, Mass. , May 8, 2024 /PRNewswire/ -- Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, received multiple honors at the 18th annual Stevie® Awards fo...
Akamai confirms acquisition of Noname for $450M
A couple of weeks ago, TechCrunch broke the news that Akamai was in discussions to acquire Noname Security, a specialist in API security, for around $500 million. Today the deal is official, albeit at...
Akamai Announces Intent to Acquire API Security Company Noname
Acquisition will enable Akamai to extend protection across all API traffic locations, no matter the business, integration, or deployment requirements CAMBRIDGE, Mass. , May 7, 2024 /PRNewswire/ -- Aka...
Akamai Helps Organizations Achieve Greater Security with New Zero Trust Platform
The Akamai Guardicore Platform simplifies enterprise security with broad visibility and granular controls through one console CAMBRIDGE, Mass. , April 30, 2024 /PRNewswire/ -- Akamai Technologies , In...
Akamai Announces 2023 Sustainability Report and Microsite
2030 sustainability goals updated to reflect impact of Akamai Connected Cloud CAMBRIDGE, Mass. , April 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that power...
Akamai's API Security Product Achieves PCI Compliance and Sees Tremendous Customer Growth
Customer demand grows more than 200% since launch in 2023 CAMBRIDGE, Mass. , April 23, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life o...
If Nvidia Stock Slips, These 15 Tech Stocks May Be Good Hedges
Should shares of artificial-intelligence bellwether Nvidia slip, researchers suggest First Solar and Check Point Software as offering diversification with exposure to growth.
Akamai Rolls Out Cloud Infrastructure and Services Powered by NVIDIA, Optimized for Video Processing
New encoding using cost-effective NVIDIA GPUs enables optimal processing for media companies LAS VEGAS , April 15, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company th...
Akamai Technologies To Hold First Quarter 2024 Investor Conference Call On Thursday, May 9, at 4:30 PM ET
CAMBRIDGE, Mass. , April 11, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that the company will hold a confer...
Akamai Expands Offerings in Hybrid DNS Infrastructure Security with Shield NS53
Shield NS53 protects on-premises and hybrid DNS infrastructure from resource exhaustion attacks CAMBRIDGE, Mass. , April 9, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud com...
Netrix Partners with Akamai to Deliver Cutting-Edge Microsegmentation Services
CHICAGO--(BUSINESS WIRE)--Netrix Global, an award winning MSSP and MSP, today announced its strategic partnership with Akamai Technologies, the cloud company that powers and protects life online. As a...
Akamai Research Finds 29% of Web Attacks Target APIs
Commerce is the most targeted sector with 44% of API attacks CAMBRIDGE, Mass. , March 19, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects li...
Akamai and Neural Magic Partner to Accelerate Deep Learning AI
Companies announce plan to deploy high-powered deep learning artificial intelligence software at a massive global scale CAMBRIDGE, Mass. , March 12, 2024 /PRNewswire/ -- Akamai Technologies (NASDAQ: ...
Scaleflex Joins Akamai Qualified Computing Partner Program
CAMBRIDGE, Mass. , March 7, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a partnership with Scaleflex, the fir...
DDoS Attacks on Financial Services Industry Up 154%, According to New FS-ISAC/Akamai Report
Financial services sector is now the number one target for DDoS attacks RESTON, Va. and CAMBRIDGE, Mass.
Akamai Unveils New Capabilities in App & API Protector to Strengthen and Simplify Security Defenses
Enhancements include Layer 7 DDoS protections and advanced machine learning CAMBRIDGE, Mass. , March 4, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and...
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),...
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.
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...