Akamai Technologies, Inc.’s Stock Price Soars to $87.52, Marking a Robust 5.69% Increase

Akamai Technologies, Inc. (AKAM)

87.52 USD +4.71 (+5.69%) Volume: 4.48M

Experience the dynamic market performance of Akamai Technologies, Inc.’s stock price, currently standing at 87.52 USD, indicating a promising +5.69% increase in this trading session. Despite the -8.14% change YTD, the high trading volume of 4.48M showcases its potential for growth and profitability. Diversify your portfolio with AKAM today.

Latest developments on Akamai Technologies, Inc.

Leading up to today’s stock price movements, Akamai Technologies has been making headlines with key events. The company’s COO recently sold over $500,000 in stock, sparking interest among investors. Analysts are also bullish on Akamai, with some calling it the best low beta tech stock to buy. Furthermore, at the Morgan Stanley Conference, Akamai highlighted its strategic shift towards security and cloud services, indicating potential growth opportunities. With these developments, there may be some bright spots in Akamai Technologies‘ earnings, driving speculation and influencing stock prices.

Akamai Technologies, Inc. on Smartkarma

Analysts at Baptista Research have been bullish on Akamai Technologies, Inc., highlighting the company’s expanding security offerings to enhance its product capabilities and market reach. The fourth quarter earnings results showed a mixed performance, with strengths and areas of concern. Akamai reported a revenue of $1.02 billion for Q4 2024, a 3% increase on both reported and constant currency basis. Non-GAAP earnings per share also exceeded guidance at $1.66. For more insights, you can visit here.

In another report by Baptista Research, analysts remain bullish on Akamai Technologies, emphasizing its cloud computing expansion as a primary growth accelerator. The company’s financial results for the third quarter of 2024 showcased key achievements and ongoing challenges. Akamai’s total revenue for the quarter exceeded $1 billion for the first time, a 4% increase year-over-year in both reported and constant currency. A significant milestone was reached with the company’s total annual revenue run rate surpassing $4 billion and its security revenue crossing $2 billion. For more details, you can read the full report here.

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

Based on the Smartkarma Smart Scores, the long-term outlook for Akamai Technologies appears positive in terms of value, growth, and momentum. The company scores high in value, indicating that it may be undervalued in the market. With a solid growth score, Akamai Technologies is expected to continue expanding its services and offerings in the future. Additionally, the momentum score suggests that the company is on a positive trajectory that may lead to further success.

However, Akamai Technologies scores lower in terms of dividend and resilience. The low dividend score may not make it an attractive option for income-seeking investors. In terms of resilience, the company may face challenges in adapting to unforeseen circumstances or economic downturns. Overall, Akamai Technologies, Inc. is positioned well for future growth and success in the technology and internet services industry.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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