Akamai Technologies, Inc. (AKAM)
| Market Cap | 17.85B |
| Revenue (ttm) | 3.74B |
| Net Income (ttm) | 563.28M |
| Shares Out | 150.83M |
| EPS (ttm) | 3.61 |
| PE Ratio | 32.78 |
| Forward PE | 17.70 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 771,962 |
| Open | 118.92 |
| Previous Close | 119.02 |
| Day's Range | 117.66 - 119.12 |
| 52-Week Range | 70.65 - 120.61 |
| Beta | 0.79 |
| Analysts | Buy |
| Price Target | 113.44 (-4.15%) |
| 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]
Financial Performance
In 2022, AKAM's revenue was $3.62 billion, an increase of 4.49% compared to the previous year's $3.46 billion. Earnings were $523.67 million, a decrease of -19.64%.
Financial StatementsAnalyst Forecast
According to 20 analysts, the average rating for AKAM stock is "Buy." The 12-month stock price forecast is $113.44, which is a decrease of -4.15% from the latest price.
News
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...
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 ...
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 ...
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...
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...
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...
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.
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...
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...
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.
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.
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...
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.
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...
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...
Akamai Client-Side Protection & Compliance Introduces New Capabilities to Help Organizations Comply with PCI DSS v4.0
New capabilities simplify PCI DSS v4.0 compliance and help achieve the latest JavaScript security requirements: 6.4.3 and 11.6.1. CAMBRIDGE, Mass.
Akamai Research Finds 65% Increase in Web Application and API Attacks on Financial Services
Financial services has surpassed gaming as the top vertical for DDoS attacks CAMBRIDGE, Mass. , Sept. 27, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers a...
Akamai Expands World's Most Distributed Cloud Network with New Core Compute Regions Across Asia, Europe, North America, and Latin America
New regions in Amsterdam, Jakarta, Los Angeles, Miami, Milan, Osaka, and São Paulo build momentum for Akamai's vision for a more modern, decentralized cloud CAMBRIDGE, Mass. , Sept. 27, 2023 /PRNewswi...
Ateme Joins Akamai Qualified Computing Partner Program
CAMBRIDGE, Mass. , Sept. 26, 2023 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that Ateme is the latest organization...
This Stock is a Beacon of Strength Amid Market Volatility
One stock in particular that has displayed impressive relative strength in recent days compared to the overall market and its sector is Akamai Technologies NASDAQ: AKAM.
Akamai Extends Its Industry-Leading DDoS Defense with Prolexic On-Prem and Hybrid Options Powered by Corero
Partnership will offer customers best-in-class security and reliability CAMBRIDGE, Mass. , Sept. 20, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and pr...
Corero and Akamai Announce Global Partnership To Offer DDoS Defense Solutions
MARLBOROUGH, Mass. , Sept. 20, 2023 /PRNewswire/ -- Corero Network Security (LON: CNS), the specialists in distributed denial of service (DDoS) protection solutions, and Akamai Technologies, Inc., the...
For better gains in tech stocks from here, look beyond the ‘Magnificent Seven.'
The so-called Magnificent Seven stocks have been leading the U.S. market this year, but now they look richly valued by many key measures — and they're crowded trades.
Cost Pressures, Viewer Expectations Play Prominently as M&E Businesses Seek Cloud Agility
Akamai-commissioned study suggests increasing data volume, customer experience among factors influencing cloud computing considerations CAMBRIDGE, Mass. , Sept. 13, 2023 /PRNewswire/ -- Akamai Technol...
Akamai Technologies Acquires Select Enterprise Customer Contracts from StackPath
CAMBRIDGE, Mass. , Aug. 24, 2023 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announces that it has acquired assets including...