AkamaiAKAM
AKAM
About: Akamai operates a content delivery network, 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. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
Employees: 10,250
0
Funds holding %
of 6,794 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
24% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 76
7% more capital invested
Capital invested by funds: $13B [Q2] → $13.9B (+$916M) [Q3]
3% more funds holding
Funds holding: 652 [Q2] → 670 (+18) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
1% less call options, than puts
Call options by funds: $895M | Put options by funds: $901M
7% less repeat investments, than reductions
Existing positions increased: 237 | Existing positions reduced: 254
3.88% less ownership
Funds ownership: 94.61% [Q2] → 90.73% (-3.88%) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$112
14%
upside
Avg. target
$116
18%
upside
High target
$120
22%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Oppenheimer Timothy Horan 100% 1-year accuracy 13 / 13 met price target | 22%upside $120 | Outperform Upgraded | 2 Dec 2024 |
Baird William Power 79% 1-year accuracy 15 / 19 met price target | 17%upside $115 | Outperform Maintained | 11 Nov 2024 |
Scotiabank Patrick Colville 84% 1-year accuracy 27 / 32 met price target | 14%upside $112 | Sector Outperform Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 11 articles about AKAM published over the past 30 days
Positive
Schaeffers Research
6 days ago
3 Cloud Stocks to Watch as Analysts Turn Bullish
Cloud companies are shining today, after a slew of analyst attention.
Positive
Zacks Investment Research
1 week ago
Will Court Nod for Select Edgio Asset Acquisition Boost AKAM Stock?
The deal is likely to be accretive to AKAM, offering hundreds of new customers and potentially augmenting its revenue-generating capabilities.
Neutral
PRNewsWire
1 week ago
Bankruptcy Court Approves Winning Akamai Bid for Select Assets of Edgio
CAMBRIDGE, Mass. , Nov. 26, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced that the U.S. Bankruptcy Court for the District of Delaware has approved its bid to acquire select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio.
Positive
Zacks Investment Research
2 weeks ago
Will the AKAM Stock Aid From the Expansion of Its Cloud Solutions?
Akamai extends cloud security solutions with enhanced Guardicore Segmentation and Enterprise Application Access solutions.
Neutral
PRNewsWire
2 weeks ago
Akamai Extends Microsegmentation to Amazon Web Services; Enhances ZTNA for Optimal Application Performance
Akamai continues to demonstrate its commitment to helping customers achieve their Zero Trust goals CAMBRIDGE, Mass. , Nov. 19, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced that it is extending its industry-leading segmentation solution, Akamai Guardicore Segmentation, to support agentless enforcement for cloud native resources in Amazon Web Services (AWS), further expanding its existing capabilities in cloud environments.
Neutral
PRNewsWire
3 weeks ago
Akamai Announces Winning Bid for Select Assets of Edgio
CAMBRIDGE, Mass. , Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio.
Positive
Seeking Alpha
3 weeks ago
Akamai Technologies Q3: Interesting Enough To Put On My Watchlist
Akamai Technologies' Q3 earnings showed mixed results, with revenue up 3.6% y/y but a significant GAAP operating margin drop due to restructuring charges. The company's outlook is weak with lowered full-year revenue and profit forecasts, leading to a 15% drop in share price. Despite short-term challenges, Akamai's security and compute segments show promise, with strong growth potential in cloud services and online security.
Neutral
PRNewsWire
3 weeks ago
Avesha Technologies Joins Akamai Qualified Compute Partner Program
CAMBRIDGE, Mass. , Nov. 14, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that Avesha Technologies is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV).
Neutral
PRNewsWire
3 weeks ago
New Study Finds 84% of Security Professionals Experienced an API Security Incident in the Past Year
Only 27% of respondents know which APIs return the sensitive data that attackers seek CAMBRIDGE, Mass. , Nov. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced new research showing that while API attacks are rising, visibility into API risks that open doors for attackers is declining.
Neutral
PRNewsWire
3 weeks ago
Akamai Launches Cloud-Agnostic, Ready-to-Run Application Platform
Solves three of the biggest challenges for greater Kubernetes adoption: skills, scale, and lock-in CAMBRIDGE, Mass. , Nov. 12, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud company that powers and protects business online, today announced the Akamai App Platform, a ready-to-run solution that makes it easy to deploy, manage, and scale highly distributed applications.
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