AkamaiAKAM
Market Cap: $14.6B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
9% more call options, than puts
Call options by funds: $746M | Put options by funds: $684M
0.5% more ownership
Funds ownership: 92.78% [Q1] → 93.29% (+0.5%) [Q2]
13% less funds holding
Funds holding: 743 [Q1] → 649 (-94) [Q2]
16% less capital invested
Capital invested by funds: $15.3B [Q1] → $12.8B (-$2.45B) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 289
63% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 149
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Tigress Financial Ivan Feinseth 63% 1-year accuracy 47 / 75 met price target | 45%upside $140 | Strong Buy Maintained | 29 Aug 2024 |
RBC Capital Rishi Jaluria 40% 1-year accuracy 29 / 72 met price target | 4%upside $100 | Sector Perform Reiterated | 15 Aug 2024 |
DA Davidson Rudy Kessinger 52% 1-year accuracy 12 / 23 met price target | 24%upside $120 | Buy Maintained | 13 Aug 2024 |
Scotiabank Patrick Colville 43% 1-year accuracy 12 / 28 met price target | 19%upside $115 | Sector Outperform Maintained | 9 Aug 2024 |
RBC Capital Rishi Jaluria 40% 1-year accuracy 29 / 72 met price target | 4%upside $100 | Sector Perform Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 13 articles about AKAM published over the past 30 days