AKAM - Akamai Technologies, Inc.
| Previous Close | 90.94 |
| Open | 89.17 |
| Bid | 89.57 x 900 |
| Ask | 89.63 x 1400 |
| Day's Range | 89.10 - 90.48 |
| 52 Week Range | 57.18 - 93.12 |
| Volume | 127,725 |
| Avg. Volume | 1,532,568 |
| Market Cap | 14.7B |
| Beta (3Y Monthly) | 0.48 |
| PE Ratio (TTM) | 35.17 |
| EPS (TTM) | 2.55 |
| Earnings Date | Oct 28, 2019 - Nov 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 91.74 |
- PR Newswire
Akamai Technologies Named to Environmental, Social and Governance Stock Indexes
CAMBRIDGE, Mass. , Sept. 18, 2019 /PRNewswire/ -- Akamai Technologies (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today announces that the company is ...
- Barrons.com
Sen. Susan Collins’ Husband, Tom Daffron, Bought Akamai Stock, Sold Covetrus
The Maine Republican’s spouse bought shares of cybersecurity firm Akamai in August, his first purchase of the stock this year. Akamai stock has trounced the S&P 500 index this year.
- PR Newswire
Akamai Technologies to Expand Presence in Latin America By Acquiring Exceda
CAMBRIDGE, Mass., Sept. 9, 2019 /PRNewswire/ -- Akamai Technologies (AKAM), the intelligent edge platform for securing and delivering digital experiences, today announces that the company has entered into an agreement to acquire Exceda, its largest channel partner in Latin America. "Akamai and Exceda both share the view that there is growing customer demand for Akamai's Content Delivery Network and cloud security services in Latin America," said Rick McConnell, president and general manager of Akamai's web division. "Today, Akamai powers many of the top Latin American retail and large bank websites in the region and securely delivers major online events for regional broadcasters.
- Simply Wall St.
Estimating The Fair Value Of Akamai Technologies, Inc. (NASDAQ:AKAM)
In this article we are going to estimate the intrinsic value of Akamai Technologies, Inc. (NASDAQ:AKAM) by taking the...
- Market Realist
Five Tech Stocks That Are Overvalued at the Current Price
Most tech stocks have had a stellar run over the last 10 years. Here, we look at five tech stocks that we believe are overvalued.
- Zacks
The Zacks Analyst Blog Highlights: Canada Goose, Akamai, SolarEdge and MAXIMUS
The Zacks Analyst Blog Highlights: Canada Goose, Akamai, SolarEdge and MAXIMUS
- Zacks
4 Stocks to Win Big From a Protracted Trade War
Let's take a look at stocks that are likely to do well in the backdrop of trade tensions between the United States and China.
- Motley Fool
Is Akamai Technologies a Buy?
Can the network delivery and security expert keep the momentum going after gaining 46% in 12 months?
- PR Newswire
Akamai Recognized as a Leader in the IDC MarketScape: Worldwide Commercial CDN 2019 Vendor Assessment
CAMBRIDGE, Mass., Aug. 29, 2019 /PRNewswire/ -- Akamai (AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced that it has been positioned in the Leaders category in the IDC MarketScape: Worldwide Commercial CDN 2019 Vendor Assessment. As a Leader in the report, Akamai is recognized for its market reach, capabilities and innovation in the areas of web performance, media delivery, cloud security and network operations across its highly distributed global CDN infrastructure.
- Zacks
Akamai Technologies (AKAM) Up 0.1% Since Last Earnings Report: Can It Continue?
Akamai Technologies (AKAM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Thomson Reuters StreetEvents
Edited Transcript of AKAM earnings conference call or presentation 30-Jul-19 8:30pm GMT
Q2 2019 Akamai Technologies Inc Earnings Call
- American City Business Journals
Akamai promised 700 new local jobs to get a tax break. But the plan's changed.
The company said it had given up a $700,000 tax break because it does not anticipate creating 700 new jobs at its soon-to-open Cambridge headquarters by the end of 2020.
- American City Business Journals
Google to sublease Akamai’s Cambridge HQ
Google LLC plans to sublease Akamai Technologies Inc.’s current headquarters when the Cambridge-based internet giant moves into its newly constructed home across the street. Google (Nasdaq: GOOG) will occupy floors two through nine at 150 Broadway, and plans a fall 2020 move in. Akamai will keep the first floor, but plans to move into its new headquarters at 145 Broadway this November, a spokesperson said. “Google has finalized a deal to sublease office space from Akamai at 150 Broadway,” a Google spokesperson said in an email to the Business Journal. “This will serve as additional space to accommodate our continued short-term and long-term growth in Cambridge.” Office and lab vacancy in Cambridge's Kendall Square has been near zero for some time, as tech and biotechnology tenants flood the neighborhood in search of skilled talent and proximity to nearby institutions like MIT and Harvard University.
- Investor's Business Daily
Video Streaming War 'Derivatives' Gain: Roku Stock, Trade Desk, Akamai
As Walt Disney, AT&T; and others launch new internet TV services, investors should eye plays on 'derivatives' such as Roku stock, Akamai and Trade Desk, says RBC Capital.
- Simply Wall St.
Here's Why We Think Akamai Technologies (NASDAQ:AKAM) Is Well Worth Watching
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
- Zacks
Akamai Announces Pricing of Senior Notes Worth $1 Billion
Akamai (AKAM) has a strong balance sheet, which will help it in capitalizing on investment opportunities and pursuing strategic acquisitions, further improving growth prospects.
- PR Newswire
Akamai Announces Pricing of Offering of Convertible Senior Notes
CAMBRIDGE, Mass., Aug. 13, 2019 /PRNewswire/ -- Akamai Technologies, Inc. (AKAM) ("Akamai"), the intelligent edge platform for securing and delivering digital experiences, today announced that it has priced its private offering of $1,000,000,000 in aggregate principal amount of its convertible senior notes due 2027. In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $150,000,000 in aggregate principal amount of notes on the same terms and conditions. The notes will be senior unsecured obligations of Akamai and will mature on September 1, 2027, unless earlier repurchased or converted in accordance with their terms prior to such date.
- American City Business Journals
Akamai sees results from pivot to become 'first and foremost' a security business
As Akamai enters its third decade in business, the recent pivot to cybersecurity appears to be paying off, according to both company executives and industry analysts.
- Zacks
Akamai Declares Senior Notes Offering Due to Mature in 2027
Akamai (AKAM) announces senior notes offering worth $1.15 billion, which is expected to provide financial flexibility and propel long-term growth.
- PR Newswire
Akamai Announces Proposed Offering of Convertible Senior Notes
CAMBRIDGE, Mass., Aug. 12, 2019 /PRNewswire/ -- Akamai Technologies, Inc. (AKAM) ("Akamai"), the intelligent edge platform for securing and delivering digital experiences, today announced that it proposes to offer, subject to market factors and other conditions, $1,000,000,000 in aggregate principal amount of convertible senior notes due 2027. The notes are to be offered and sold to "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
- MoneyShow
Akamai- Buyback Bet in Streaming, IoT and the Cloud
Akamai Technologies (AKAM) -- which provides cloud services for delivering, optimizing and securing content and business applications over the Internet -- is a new buyback recommendation, notes David Fried, editor of The Buyback Letter.
- Investopedia
3 Internet Information Providers Hitting New Highs
These internet information providers are firing on all cylinders and could build on gains in coming months.
- TipRanks
3 Cybersecurity Stocks to Buy as the Industry Takes Off
As the amount of data being produced and processed is surging, so are the number of cyber attacks being reported. One of the largest and most compromising for customers was the attack on Equifax (EFX) that occurred in 2017. The company stated that hackers gained access to 143 million U.S. customers’ data which included driver’s licenses and Social Security numbers. Since then, the frequency of these attacks has skyrocketed, driving the rapid growth of the cybersecurity industry.The ETFMG Prime Cybersecurity ETF (HACK), the oldest cybersecurity EFT, is up 12% year-to-date. With IBM’s cyber analysis team reporting that malware attacks already increased 200% so far in 2019, the demand for cybersecurity solutions has never been higher. Here are the 3 cybersecurity stocks analysts say investors should watch as the industry booms. Palo Alto Networks, Inc. (PANW) Palo Alto Networks is one of the most well-known players in the cybersecurity space. The company offers clients a security platform that monitors traffic using cloud-based solutions and firewalls.According to PANW’s Q3 earnings release on May 29, its business looks solid. It reported Q3 gross margin was 76.5%, up 30 basis points from the year before. Lower capital expenditures are attributed to its $280 million in free cash flow, gaining 27% at a margin of 38.5%. The company isn’t stopping there, with it placing a consistent focus on expansion. On July 9, PANW announced that it acquired container security company, Twistlock, for $410 million. Earlier in June, Palo Alto Networks acquired PureSec for $47 million to gain access to its serverless security products. Its WildFire malware prevention service also received Federal Risk and Authorization Management Program (FedRAMP), Authority to Operate status from the U.S. Naval War College on July 24. This means that any Federal Agency can now utilize the service. Financial blogger, Luke Lango, argues that all of these factors lends itself to PANW stock trading higher in the long-run. “Going forward, Palo Alto Network reasonably projects as a 15%-plus revenue grower with favorable margin drivers. That should drive somewhere between 20% and 25% profit growth over the next few years, which puts 2025 earnings-per-share somewhere around $16. Based on a software average multiple of 25-times forward earnings, that implies a long-term price target for PANW stock of $400, substantially higher than today’s price tag,” he writes. Five-star analyst, Jonathan Ruykhaver, agrees that PANW offers plenty of upside. On July 11, he reiterated his Buy rating and $275 price target. The Robert W. Baird analyst believes share prices could soar by 28% over the next twelve months. He has a 67% success rating and gets an average return of 19% per rating. PANW has a ‘Strong Buy’ analyst consensus and a $263 average price target, suggesting 23% upside potential. Fortinet, Inc. (FTNT)Fortinet specializes in providing broad, integrated and automated cybersecurity solutions. Despite the growing number of competitors, the second cybersecurity stock on our list has managed to maintain a steady stream of growth. FTNT shares are up 17% year-to-date, with many analysts telling investors not to expect a slowdown anytime soon. On August 2, Merrill Lynch gave the stock a ratings boost as it expects the future to be bright. Analyst Tal Liani upgraded the rating to a Buy and set a $103 price target, suggesting FTNT could soar by as much as 26% in the next twelve months.The upgrade comes after the company not only posted an earnings beat and raised its full-year guidance, but also announced released new products. On August 1, FTNT reported revenue of $522 million, beating the $511 million consensus estimate.That same day, FTNT announced the release of three new high-performance FortiGate Next-Generation Firewalls (NGFWs) that include FortiGate 1100E, FortiGate 2200E and FortiGate 3300E. These new offerings were designed to help enterprises secure and accelerate the on-ramp to the cloud, or the cloud environments that enable data to be used efficiently. “Fortinet has successfully transitioned from an inconsistent niche security play to a major cybersecurity vendor. Give the projected ramp in cybersecurity spending expected in the years ahead and Fortinet’s potential to gain market share from its competitors thanks to several new products in the works that could serve as positive catalysts for the stock, even after its big post-earnings gain. In the longer term, 5G network security could serve as an additional catalyst as well,” analyst Daniel Ives said on August 2. The Wedbush analyst reiterated his Buy rating and raised his price target from $105 to $110, indicating 34% upside. FTNT has a ‘Moderate Buy’ analyst consensus and a $94 average price target, suggesting 15% upside potential. Akamai Technologies, Inc. (AKAM) Akamai differentiates itself by providing not only cloud-based solutions, but also solutions that enable the shift from linear content to internet content. The stock has gained 41% year-to-date, with the good news not stopping there.The company pleasantly surprised the Street when it reported a second quarter earnings beat on July 31. Revenue was up 6% from the prior-year quarter to $705 million, surpassing the $696 million consensus estimate. Non-GAAP second quarter EPS beat analysts’ estimates of $1.01 coming in at $1.07. This amounted to a 29% gain from the year-ago quarter. Not to mention management raised its full-year guidance with revenue expected to fall between $2.84 billion and $2.87 billion and earnings to be between $4.23 and $4.30 per share. This is up from the previous forecast of between $2.82 billion and $2.86 billion in revenue and earnings between $4.05 and $4.20 a share. The results were based on AKAM’s gains in its media content delivery segment and its cloud security products. Top analyst, Lee Krowl, said, “The gains were driven by strong performance by Security (even organically), along with upside from OTT in the Media segment. We underappreciated the contribution from the Security business which continues to ramp, driven by increasing product adoption by exiting customers (bundling), along with a full-quarter contribution from Identity Cloud (fka—Janrain).” On July 31, the B.Riley FBR analyst reiterated a Buy rating and $102 price target, suggesting 19% upside potential. On August 5, investors got yet another reason to be excited when AKAM launched Edge Cloud for Internet of Things (IoT) device security. The product uses Akamai’s edge platform to secure data delivery to connected devices and in-application messaging at scale. Analyst Shebly Seyrafi sees its updated guidance and new product offerings as supporting its long-term growth narrative. On August 5, the FBN Securities analyst reiterated his Buy rating and $100 price target, indicating 16% upside potential. The Street is cautiously optimistic on this cybersecurity stock. It has a ‘Moderate Buy’ analyst consensus and a $91 average price target, suggesting 5% upside.
- Investor's Business Daily Video
Investing Strategies: Akamai Technologies Holds Near Highs
Akamai Technologies is holding near highs after a recent breakout. Katie Stockton of Fairlead Strategies says this is what's driving this software stock's uptrend.
