Akamai Technologies, Inc.’s Stock Price Plummets to $76.25, Marking a Sharp 10.76% Drop

Akamai Technologies, Inc. (AKAM)

76.25 USD -9.19 (-10.76%) Volume: 5.83M

Akamai Technologies, Inc.’s stock price is currently standing at 76.25 USD, experiencing a significant drop of 10.76% in today’s trading session with a volume of 5.83M. The tech firm’s year-to-date performance also shows a bearish trend with a decline of 20.28%, underlining the need for investors to closely monitor the stock’s performance.

Latest developments on Akamai Technologies, Inc.

Akamai Technologies Inc. stock saw fluctuations today as it underperformed compared to its competitors. This comes after the company’s impressive 25% jump, showcasing its popularity with investors. Akamai recently completed the Edgio customer migration and reported solid Q1 2025 results, surpassing earnings estimates and seeing an increase in revenues year over year. Despite Scotiabank adjusting its price target slightly lower, Piper Sandler raised theirs, reflecting mixed business results. The company’s strong performance in Q1 was overshadowed by a cautious outlook due to macroeconomic uncertainties, but forecasts for 2025 remain above estimates thanks to the strength of its security segment. Despite a slight decrease in Q1 profits, Akamai continues to focus on growth and cybersecurity gains, positioning itself as a key player in the market.

Akamai Technologies, Inc. on Smartkarma

Analysts at Baptista Research have recently published insightful reports on Akamai Technologies on Smartkarma. In one report titled “Akamai Technologies: Expanding Security Offerings to Augment Product Capabilities & Market Reach!”, the analysts provide a bullish perspective on the company’s fourth-quarter earnings. Despite mixed performance, Akamai reported a 3% increase in revenue to $1.02 billion for Q4 2024, with non-GAAP earnings per share exceeding guidance at $1.66. This expansion in security offerings is seen as a strategic move to enhance product capabilities and market reach.

Another report by Baptista Research, titled “Akamai Technologies: Cloud Computing Expansion As A Primary Growth Accelerator! – Major Drivers,” highlights the company’s financial results for the third quarter of 2024. With total revenue surpassing $1 billion for the first time and a 4% year-over-year increase, Akamai is positioned for growth. The company’s total annual revenue run rate exceeding $4 billion and security revenue crossing $2 billion are seen as major milestones driving its cloud computing expansion as a primary growth accelerator. The analysts maintain a bullish sentiment on Akamai Technologies‘ future prospects.

A look at Akamai Technologies, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

When looking at the long-term outlook for Akamai Technologies using the Smartkarma Smart Scores, the company seems to have a strong value proposition with a score of 4. This indicates that the company is perceived to be undervalued in the market, making it an attractive investment option. However, when it comes to dividends, Akamai Technologies scores a 1, suggesting that it may not be a top choice for investors seeking regular income from their investments.

In terms of growth, resilience, and momentum, Akamai Technologies scores a 3 across the board. This indicates that the company is expected to experience moderate growth, has the ability to withstand economic downturns, and is showing steady performance in the market. Overall, Akamai Technologies, Inc. is positioned well in the market to continue providing services for accelerating and improving the delivery of content and applications over the Internet, making it a potentially solid long-term investment option.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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