105.81 +0.10 (0.09%)
After hours: 5:59PM EDT
|Bid||104.59 x 900|
|Ask||105.81 x 3200|
|Day's Range||103.04 - 106.46|
|52 Week Range||73.19 - 108.25|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||35.24|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||112.24|
In this article you are going to find out whether hedge funds think Akamai Technologies, Inc. (NASDAQ:AKAM) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Dr. Vint Cerf, Google Chief Internet Evangelist and co-Founder of the Internet, will deliver the keynote address at the IEIC Virtual Summit Series Event I on Tuesday, June 2 at 2:00 pm ET.
Akamai Technologies (AKAM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Akamai (NASDAQ: AKAM) has joined as a founding member.
Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced the launch of Page Integrity Manager, an in-browser threat detection solution designed to uncover compromised scripts that could be used to steal user data or impact the user experience. Initially popularized by Magecart groups, and now being leveraged by other threat actors, the attack vector of malicious web page scripts is growing and has become a frequent source of data breaches.
Tom Leighton has been the CEO of Akamai Technologies, Inc. (NASDAQ:AKAM) since 2013. First, this article will compare...
Let's check out the first-quarter results of some of the cyber security firms that have the largest allocation to the ETFs in this niche area of the technology sector.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Akamai Technologies (AKAM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Akamai Foundation, a charitable fund endowed by Akamai Technologies, Inc. (NASDAQ: AKAM), today announces that it has launched a multi-tiered, multi-phased global community response to COVID-19 with a US$ 1.1 million pledge to support relief efforts. The goal of the global COVID-19 charitable giving campaign is to provide direct relief in Akamai communities, work hand-in-hand with Akamai employees in giving back, and expand the opportunity for social good beyond Akamai.
Shareholders might have noticed that Akamai Technologies, Inc. (NASDAQ:AKAM) filed its first-quarter result this time...
Akamai's (AKAM) first-quarter 2020 results benefit from robust demand for the company's cloud security solutions and increased Internet traffic.
Strong Google results signaled a rebound for the coronavirus stock market rally. Boeing, Facebook, Tesla earnings loom.
Akamai (AKAM) has revealed a top-and-bottom-line beat for the first quarter, with Q1 Non-GAAP EPS of $1.20 beating forecasts by $0.04; and revenue of $764.3M (+8.2% Y/Y) beating by $14.55M.However, the stock is currently trading down 4% in Wednesday’s pre-market trading.“Akamai reported superb 1Q results and 2Q guidance that was well above the Street’s expectations, but below hyped up views of certain investors heading into the print” explained Needham analyst Alex Henderson.Exposure to retail and travel verticals is also a significant risk for AKAM right now, says Henderson, with Travel/Hospitality and Retail/Commercial customers representing 4% and 16% of revenue, respectively.Nonetheless the Needham analyst reiterated his AKAM buy rating with a $112 price target. “While conditions could worsen, we see potential for upside… we believe COVID could accelerate the tailwinds behind CDN [content delivery network] growth including greater workforce mobility, OTT viewership, and e-commerce” he explained.In particular, strong traffic growth and enterprise security bookings offset the loss of multiple live sport streaming events and pressure in the travel/retail verticals.“We achieved excellent results in the first quarter driven by continued strength in our security solutions and stronger than expected traffic growth” said Dr. Tom Leighton, CEO of Akamai.“Akamai’s Intelligent Edge Platform is uniquely positioned to help the Internet scale quickly and is a lifeline for organizations and people around the globe during this challenging time.”Looking ahead, Akamai pulled CY20 guidance based on limited visibility into how a recovery would play out. Management also gave ‘anemic’ guidance for the second quarter, which Oppenheimer analyst Timothy Horan described as ‘conservative.’He notes that AKAM produced $153 million of FCF, a 10% beat, and has $2.2B of cash and equivalents on its balance sheet.Overall the company has a cautiously optimistic Moderate Buy outlook from the Street. It’s average analyst price target stands at $110 (8% upside potential), with shares currently trading up 18% year-to-date. (See AKAM stock analysis on TipRanks).Related News: Alphabet Spikes 8% In After-Hours On ‘Better-than-Feared’ Q1 Results JPMorgan: 2 High-Yield Dividend Stocks to Snap Up (And 1 to Avoid) President Trump Asked If “Light inside the Body” Could Cure COVID-19- and This Company Wants to Give It a Try More recent articles from Smarter Analyst: * Despite Challenges, Plug Power Stock Is a Long-Term Winner * Bristol Myers to Pay Bluebird $200 Million in Royalties For Cancer Drugs * Under Armour Sinks 10% on Weaker Second-Quarter Sales Outlook * Qantas Said to Halt Plane Deliveries From Boeing, Airbus Amid Travel Freeze
Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2020 Akamai Technologies, Inc. Earnings Conference Call. It is now my pleasure to introduce Head of Investor Relations, Tom Barth. Good afternoon, everyone, and thank you for joining Akamai's First Quarter 2020 Earnings Conference Call.
The content delivery network company posted better-than-expected results for the March quarter, but withdrew its outlook for the full year given the continuing Covid-19 crisis.
Akamai Technologies (AKAM) delivered earnings and revenue surprises of 4.35% and 2.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Akamai earnings for the first quarter topped Wall Street targets. But Akamai stock fell amid expectations video traffic on its internet network had jumped during the coronavirus emergency.
Akamai Technologies Inc. shares rose in the extended session Tuesday cybersecurity company's quarterly results topped Wall Street estimates. Akamai shares rose 1.1% after hours, following a 1.1% decline in the regular session to close at $101.93. The company reported first-quarter net income of $123.2 million, or 75 cents a share, compared with $107.1 million, or 65 cents a share, in the year-ago period. Adjusted earnings were $1.20 a share. Revenue rose to $764.3 million from $706.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.16 a share on revenue of $749.8 million.