AkamaiAKAM
Market Cap: 14.8B
About: Akamai operates a content delivery network, or CDN, 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
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
1% less funds holding
Funds holding: 740 [Q4 2023] → 734 (-6) [Q1 2024]
6% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 99
10% less repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 281
3.04% less ownership
Funds ownership: 94.55% [Q4 2023] → 91.51% (-3.04%) [Q1 2024]
11% less capital invested
Capital invested by funds: $16.9B [Q4 2023] → $15B (-$1.81B) [Q1 2024]
21% less call options, than puts
Call options by funds: $418M | Put options by funds: $527M
63% less funds holding in top 10
Funds holding in top 10: 8 [Q4 2023] → 3 (-5) [Q1 2024]
Research analyst outlook
21 Wall Street Analysts provided 1 year price forecasts over the past 6 months
21 analyst ratings
HSBC Stephen Bersey | 1%downside $96 | Hold Upgraded | 24 Jul 2024 |
Piper Sandler James Fish | 16%upside $112 | Overweight Maintained | 15 Jul 2024 |
Scotiabank Patrick Colville | 13%upside $110 | Sector Outperform Initiated | 8 Jul 2024 |
TD Cowen Michael Elias | 33%upside $129 | Buy Maintained | 10 May 2024 |
Keybanc Brandon Nispel | 23%upside $119 | Overweight Maintained | 10 May 2024 |
Financial journalist opinion
Based on 9 articles about AKAM published over the past 30 days