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 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 75
7% more capital invested
Capital invested by funds: $13B [Q2] → $13.9B (+$916M) [Q3]
3% more funds holding
Funds holding: 652 [Q2] → 671 (+19) [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
6% less repeat investments, than reductions
Existing positions increased: 238 | Existing positions reduced: 254
3.88% less ownership
Funds ownership: 94.61% [Q2] → 90.73% (-3.88%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$110
15%
upside
Avg. target
$114
19%
upside
High target
$120
25%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Evercore ISI Group Amit Daryanani 71% 1-year accuracy 34 / 48 met price target | 15%upside $110 | Outperform Maintained | 17 Dec 2024 |
Oppenheimer Timothy Horan 62% 1-year accuracy 13 / 21 met price target | 25%upside $120 | Outperform Upgraded | 2 Dec 2024 |
Baird William Power 75% 1-year accuracy 18 / 24 met price target | 20%upside $115 | Outperform Maintained | 11 Nov 2024 |
Scotiabank Patrick Colville 69% 1-year accuracy 24 / 35 met price target | 17%upside $112 | Sector Outperform Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 7 articles about AKAM published over the past 30 days
Neutral
PRNewsWire
3 days ago
Recent Accolades Validate Akamai's API Security Solution
Akamai is recognized by top industry influencers CAMBRIDGE, Mass. , Dec. 18, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cyber security and cloud computing company that protects business online, today announced that its API Security solution has been recognized as a market leader by several independent outlets.
Neutral
Zacks Investment Research
3 days ago
Akamai Concludes Buyout of Select Edgio Assets: Will AKAM Stock Gain?
The deal is expected to be accretive to AKAM, potentially augmenting its revenue-generating capabilities.
Neutral
PRNewsWire
1 week ago
Akamai Completes Acquisition of Select Assets of Edgio
CAMBRIDGE, Mass. , Dec. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers business online, today announced it has completed its acquisition of 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.
Neutral
PRNewsWire
1 week ago
Akamai Guardicore Segmentation Delivered 152% Return on Investment According to New Total Economic Impact Study
CAMBRIDGE, Mass. , Dec. 9, 2024 /PRNewswire/ -- Akamai Technologies , Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new study showing Akamai Guardicore Segmentation delivered a total benefit of US$9.6 million over three years and paid for itself (i.e.
Positive
Schaeffers Research
2 weeks 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
3 weeks 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
3 weeks 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
1 month 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
1 month 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
1 month 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.
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