Market Summary
USD106.25-1.36
Market Closed-1.26%
AKAM Alerts
AKAM Stock Price
AKAM RSI Chart
AKAM Valuation
AKAM Price/Sales (Trailing)
AKAM Profitability
AKAM Fundamentals
AKAM Revenue
AKAM Earnings
Price Action
52 Week Range
70.65109.05
(Low)(High)
Last 7 days
-0.4%
Last 30 days
3.3%
Last 90 days
19.3%
Trailing 12 Months
31.6%
AKAM Financial Health
AKAM Investor Care
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Net sales
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Latest Insider Trading transactions for AKAM
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-18 | McGowan Edward J | sold | -255,228 | 103 | -2,456 | chief financial officer |
2023-09-16 | Salem-Jackson Kim | acquired | - | - | 459 | evp, chief marketing officer |
2023-09-16 | Salem-Jackson Kim | sold (taxes) | -21,527 | 104 | -206 | evp, chief marketing officer |
2023-09-15 | McGowan Edward J | sold | -911,088 | 105 | -8,640 | chief financial officer |
2023-09-15 | Joseph Paul C | sold | -422,680 | 105 | -4,000 | evp - global sales |
2023-09-01 | Howell Laura | acquired | - | - | 349 | vp, chief accounting officer |
2023-09-01 | Howell Laura | sold (taxes) | -10,929 | 105 | -104 | vp, chief accounting officer |
2023-08-28 | LEIGHTON F THOMSON | gifted | - | - | -92,006 | chief executive officer |
2023-08-25 | Williams Anthony P | sold | -296,669 | 103 | -2,880 | evp and chro |
2023-08-18 | Blumofe Robert | sold | -199,060 | 99.53 | -2,000 | chief technology officer |
Which funds bought or sold AKAM recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 1,157 | 8,987 | -% |
2023-09-20 | BARCLAYS PLC | added | 35.06 | 60,193,000 | 169,588,000 | 0.11% |
2023-09-12 | Farther Finance Advisors, LLC | added | 1.46 | 1,765 | 12,492 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 57.00 | 449 | -% |
2023-09-05 | Covenant Partners, LLC | added | 0.97 | 53,780 | 392,193 | 0.14% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 174 | 1,349 | -% |
2023-09-01 | Portside Wealth Group, LLC | new | - | 279,765 | 279,765 | 0.05% |
2023-08-30 | Narus Financial Partners, LLC | reduced | -42.73 | -212,242 | 407,111 | 0.21% |
2023-08-29 | Garde Capital, Inc. | unchanged | - | 77,000 | 596,000 | 0.05% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 37,024 | 287,584 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
AKAM Alerts
Schedule 13G FIlings of Akamai Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 08, 2023 | blackrock inc. | 10.1% | 15,337,819 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 11.42% | 17,952,230 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.6% | 15,086,632 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 10.85% | 17,625,754 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.8% | 14,373,706 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.82% | 17,608,178 | SC 13G/A | |
| Feb 09, 2021 | clearbridge investments, llc | 4.0% | 6,510,905 | SC 13G/A | |
| Feb 05, 2021 | blackrock inc. | 8.8% | 14,258,519 | SC 13G/A | |
| Feb 14, 2020 | clearbridge investments, llc | 5.04% | 8,146,978 | SC 13G | |
| Feb 12, 2020 | vanguard group inc | 10.78% | 17,421,955 | SC 13G/A |
Recent SEC filings of Akamai Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 8-K | Current Report | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 18, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 30, 2023 | 4 | Insider Trading |
AKAM Fair Value
Loading...
Peers (Alternatives to Akamai Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MA | 374.0B | 23.6B | -1.86% | 36.29% | 36.56 | 15.86 | 13.06% | 5.47% |
ACN | 196.2B | 63.6B | -2.56% | 21.14% | 27.38 | 3.09 | 6.65% | 8.08% |
FIS | 32.9B | 14.6B | 1.57% | -28.34% | -1.4 | 2.26 | 1.28% | -2886.41% |
GPN | 30.5B | 9.3B | -3.54% | 5.00% | 38.01 | 3.29 | 5.09% | 943.73% |
AKAM | 16.1B | 3.7B | 3.34% | 31.64% | 33.71 | 4.41 | 2.48% | -21.66% |
| MID-CAP | ||||||||
WEX | 8.3B | 2.5B | 2.92% | 51.57% | 39.93 | 3.36 | 17.75% | -7.81% |
WU | 4.9B | 4.4B | 8.72% | -3.78% | 6.47 | 1.11 | -9.80% | -15.47% |
EXLS | 4.7B | 1.5B | -2.73% | -80.92% | 27.26 | 3.03 | 22.18% | 35.10% |
MMS | 4.5B | 4.8B | -7.54% | 30.60% | 26.43 | 0.94 | 5.74% | -8.06% |
| SMALL-CAP | ||||||||
MGI | 1.1B | 1.3B | 16.67% | 9.03% | 30.77 | 0.8 | 4.60% | 957.58% |
CNDT | 733.3M | 3.8B | 6.33% | -1.18% | -2.22 | 0.19 | -4.55% | -409.35% |
CASS | 511.5M | 193.7M | -2.50% | 9.96% | 15.82 | 2.64 | 17.44% | 3.23% |
IIIV | 488.2M | 359.1M | -7.87% | 4.52% | -56.43 | 1.36 | 19.78% | 52.80% |
Akamai Tech News
Returns for AKAM
Cumulative Returns on AKAM
7.5%
10-Year Cumulative Returns
10.5%
7-Year Cumulative Returns
8.0%
5-Year Cumulative Returns
-1.6%
3-Year Cumulative Returns
Risks for AKAM
What is the probability of a big loss on AKAM?
46.1%
Probability that Akamai Tech stock will be more than 20% underwater in next one year
13.5%
Probability that Akamai Tech stock will be more than 30% underwater in next one year.
1.1%
Probability that Akamai Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does AKAM drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Akamai Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Akamai Tech
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 0.9% | 3,661 | 3,629 | 3,617 | 3,594 | 3,573 | 3,522 | 3,461 | 3,402 | 3,335 | 3,277 | 3,198 | 3,124 | 3,041 | 2,951 | 2,894 | 2,835 | 2,795 | 2,752 | 2,734 | 2,680 | 2,634 |
| Cost Of Revenue | 1.9% | 1,439 | 1,412 | 1,384 | 1,351 | 1,322 | 1,295 | 1,269 | 1,247 | 1,214 | 1,171 | 1,133 | 1,087 | 1,050 | 1,015 | 988 | 974 | 966 | 959 | 953 | 939 | 926 |
| Costs and Expenses | 1.9% | 3,057 | 2,999 | 2,940 | 2,889 | 2,823 | 2,748 | 2,678 | 2,680 | 2,637 | 2,588 | 2,540 | 2,465 | 2,420 | 2,385 | 2,345 | 2,301 | 2,287 | 2,324 | 2,352 | 2,385 | 2,365 |
| S&GA Expenses | 1.9% | 519 | 509 | 502 | 499 | 483 | 468 | 462 | 477 | 491 | 503 | 510 | 510 | 510 | 521 | 524 | 521 | 525 | 521 | 517 | 511 | 503 |
| R&D Expenses | 1.8% | 390 | 383 | 391 | 379 | 368 | 353 | 335 | 309 | 293 | 280 | 269 | 271 | 269 | 266 | 261 | 253 | 249 | 247 | 246 | 245 | 242 |
| EBITDA | -100.0% | - | 1,221 | 1,262 | 1,283 | 1,323 | 1,340 | 1,351 | 1,284 | 1,237 | 1,210 | 1,164 | 1,151 | 1,108 | 1,042 | 1,023 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.34* | 0.35* | 0.36* | 0.37* | 0.38* | 0.39* | 0.38* | 0.37* | 0.37* | 0.36* | 0.37* | 0.36* | 0.35* | 0.35* | - | - | - | - | - | - |
| Interest Expenses | 2.0% | 11.00 | 11.00 | 11.00 | 27.00 | 42.00 | 57.00 | 72.00 | 71.00 | 71.00 | 70.00 | 69.00 | 68.00 | 63.00 | 54.00 | 49.00 | 47.00 | 50.00 | 50.00 | 43.00 | 33.00 | 24.00 |
| Earnings Before Taxes | -3.3% | 603 | 624 | 658 | 671 | 706 | 721 | 728 | 676 | 651 | 646 | 616 | 617 | 587 | 539 | 532 | 516 | 489 | 407 | 343 | 262 | 243 |
| EBT Margin | -100.0% | - | 0.17* | 0.18* | 0.19* | 0.20* | 0.20* | 0.21* | 0.20* | 0.20* | 0.20* | 0.19* | 0.20* | 0.19* | 0.18* | 0.18* | - | - | - | - | - | - |
| Net Income | -1.9% | 478 | 487 | 524 | 555 | 611 | 629 | 652 | 604 | 584 | 590 | 557 | 563 | 542 | 494 | 478 | 453 | 423 | 352 | 298 | 232 | 188 |
| Net Income Margin | -100.0% | - | 0.13* | 0.14* | 0.15* | 0.16* | 0.17* | 0.19* | 0.18* | 0.18* | 0.18* | 0.17* | 0.18* | 0.18* | 0.17* | 0.17* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 954 | 1,033 | 1,080 | 1,081 | 1,084 | 1,076 | 925 | 827 | 781 | 701 | 719 | 685 | 690 | 699 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.0% | 8,346 | 8,183 | 8,303 | 8,136 | 8,231 | 8,312 | 8,139 | 8,115 | 7,921 | 7,818 | 7,764 | 7,514 | 7,225 | 6,948 | 7,007 | 6,357 | 5,343 | 5,183 | 5,462 | 5,364 | 5,605 |
| Current Assets | 1.2% | 1,718 | 1,698 | 1,970 | 1,696 | 1,566 | 1,464 | 1,920 | 2,762 | 2,253 | 2,161 | 1,930 | 2,243 | 2,193 | 2,015 | 2,232 | 2,254 | 1,745 | 1,818 | 2,535 | 2,430 | 2,484 |
| Cash Equivalents | -0.1% | 299 | 299 | 542 | 458 | 427 | 378 | 538 | 1,265 | 581 | 457 | 353 | 743 | 572 | 384 | 394 | 738 | 516 | 689 | 1,037 | 705 | 977 |
| Net PPE | - | - | - | - | - | - | - | - | 1,543 | 1,538 | 1,511 | 1,478 | 1,383 | 1,281 | 1,181 | 1,152 | 1,080 | 1,019 | 951 | 911 | 884 | 853 |
| Goodwill | 20246.2% | 2,848 | 14.00 | 2,764 | 2,753 | 2,764 | 617 | 2,156 | 1,680 | 1,686 | 1,682 | 1,674 | 1,599 | 1,595 | 1,594 | 1,600 | 1,583 | 1,587 | 1,587 | - | - | - |
| Liabilities | 1.1% | 4,057 | 4,012 | 3,943 | 3,855 | 3,918 | 3,998 | 3,609 | 3,533 | 3,444 | 3,497 | 3,513 | 3,407 | 3,321 | 3,276 | 3,349 | 2,856 | 1,948 | 1,900 | 2,270 | 2,208 | 2,159 |
| Current Liabilities | 2.9% | 861 | 836 | 819 | 753 | 817 | 869 | 790 | 731 | 647 | 715 | 758 | 717 | 657 | 630 | 693 | 603 | 591 | 570 | 1,211 | 1,196 | 1,136 |
| Shareholder's Equity | 2.8% | 4,289 | 4,171 | 4,360 | 4,281 | 4,313 | 4,315 | 4,530 | 4,582 | 4,477 | 4,321 | 4,251 | 4,108 | 3,904 | 3,672 | 3,658 | 3,502 | 3,395 | 3,283 | 3,192 | 3,156 | 3,445 |
| Retained Earnings | 6.4% | 2,146 | 2,017 | 1,920 | 1,792 | 1,668 | 1,530 | 1,257 | 1,096 | 917 | 761 | 605 | 492 | 333 | 171 | 48.00 | -71.10 | -208 | -322 | -430 | -524 | -632 |
| Additional Paid-In Capital | 4.8% | 2,752 | 2,625 | 2,579 | 3,105 | 3,054 | 2,975 | 3,341 | 3,790 | 3,744 | 3,665 | 3,665 | 3,781 | 3,735 | 3,659 | 3,653 | 3,919 | 3,761 | 3,686 | 3,670 | 4,353 | 4,304 |
| Shares Outstanding | -0.6% | 152 | 153 | 156 | 158 | 160 | 160 | 161 | 163 | 163 | 163 | 163 | 163 | 162 | 162 | 162 | 162 | 163 | 163 | 163 | 166 | 170 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 1.9% | 1,311 | 1,286 | 1,275 | 1,320 | 1,341 | 1,377 | 1,405 | 1,309 | 1,321 | 1,242 | 1,215 | 1,206 | 1,101 | 1,121 | 1,058 | 1,062 | 1,075 | 977 | 1,008 | 920 | 845 |
| Share Based Compensation | 16.0% | 258 | 223 | 217 | 208 | 206 | 205 | 203 | 204 | 206 | 204 | 197 | 194 | 190 | 189 | 187 | 185 | 185 | 184 | 184 | 181 | 176 |
| Cashflow From Investing | -31.3% | -558 | -425 | -622 | -1,371 | -883 | -927 | -646 | -420 | -1,038 | -968 | -1,042 | -1,014 | -1,695 | -2,014 | -1,667 | -906 | -150 | -158 | -506 | -880 | -834 |
| Cashflow From Financing | 5.2% | -881 | -930 | -634 | -725 | -589 | -522 | -562 | -363 | -281 | -212 | -223 | -195 | 651 | 598 | -35.68 | -118 | -1,388 | -481 | 234 | 309 | 623 |
| Buy Backs | -3.2% | 826 | 854 | 608 | 701 | 635 | 567 | 522 | 324 | 240 | 171 | 194 | 164 | 326 | 380 | 335 | 416 | 681 | 765 | 750 | 680 | 369 |
AKAM Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenue | $ 935,721 | $ 903,332 | $ 1,851,419 | $ 1,806,979 |
| Costs and operating expenses: | ||||
| Cost of revenue (exclusive of amortization of acquired intangible assets shown below) | 373,275 | 346,649 | 734,591 | 679,401 |
| Research and development | 99,041 | 92,070 | 190,904 | 192,005 |
| Sales and marketing | 136,554 | 126,665 | 265,661 | 249,384 |
| General and administrative | 151,811 | 141,219 | 297,950 | 294,481 |
| Amortization of acquired intangible assets | 15,898 | 16,972 | 31,810 | 30,616 |
| Restructuring charge | 9,357 | 4,715 | 54,080 | 12,731 |
| Total costs and operating expenses | 785,936 | 728,290 | 1,574,996 | 1,458,618 |
| Income from operations | 149,785 | 175,042 | 276,423 | 348,361 |
| Interest and marketable securities income (loss), net | 4,509 | (2,331) | 9,801 | (2,542) |
| Interest expense | (3,157) | (2,932) | (5,838) | (5,627) |
| Other (expense) income, net | (1,130) | 816 | (3,493) | (8,749) |
| Income before provision for income taxes | 150,007 | 170,595 | 276,893 | 331,443 |
| Provision for income taxes | (21,191) | (32,755) | (50,971) | (52,592) |
| Loss from equity method investment | 0 | 0 | 0 | (7,635) |
| Net income | $ 128,816 | $ 137,840 | $ 225,922 | $ 271,216 |
| Net income per share: | ||||
| Basic (in dollars per share) | $ 0.85 | $ 0.86 | $ 1.47 | $ 1.69 |
| Diluted (in dollars per share) | $ 0.84 | $ 0.85 | $ 1.46 | $ 1.67 |
| Shares used in per share calculations: | ||||
| Basic (in shares) | 152,064 | 160,038 | 153,850 | 160,266 |
| Diluted (in shares) | 153,454 | 161,710 | 154,795 | 162,674 |
AKAM Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 298,612 | $ 542,337 |
| Marketable securities | 491,947 | 562,979 |
| Accounts receivable, net of reserves of $8,038 and $5,917 at June 30, 2023, and December 31, 2022, respectively | 698,445 | 679,206 |
| Prepaid expenses and other current assets | 229,468 | 185,040 |
| Total current assets | 1,718,472 | 1,969,562 |
| Marketable securities | 249,211 | 320,531 |
| Property and equipment, net | 1,746,081 | 1,540,182 |
| Operating lease right-of-use assets | 884,687 | 813,372 |
| Acquired intangible assets, net | 437,257 | 441,716 |
| Goodwill | 2,848,467 | 2,763,838 |
| Deferred income tax assets | 337,034 | 337,677 |
| Other assets | 124,756 | 116,522 |
| Total assets | 8,345,965 | 8,303,400 |
| Current liabilities: | ||
| Accounts payable | 194,493 | 145,420 |
| Accrued expenses | 269,265 | 367,017 |
| Deferred revenue | 138,608 | 105,109 |
| Revolving credit facility | 20,000 | 0 |
| Operating lease liabilities | 217,224 | 196,094 |
| Other current liabilities | 21,184 | 5,228 |
| Total current liabilities | 860,774 | 818,868 |
| Deferred revenue | 27,149 | 22,117 |
| Deferred income tax liabilities | 18,839 | 18,400 |
| Convertible senior notes | 2,287,481 | 2,285,258 |
| Operating lease liabilities | 758,302 | 693,265 |
| Other liabilities | 104,253 | 105,305 |
| Total liabilities | 4,056,798 | 3,943,213 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding | 0 | 0 |
| Common stock, $0.01 par value; 700,000,000 shares authorized; 157,982,228 shares issued and 151,790,861 shares outstanding at June 30, 2023, and 156,494,816 shares issued and outstanding at December 31, 2022 | 1,580 | 1,565 |
| Additional paid-in capital | 2,751,681 | 2,578,603 |
| Accumulated other comprehensive loss | (119,964) | (140,332) |
| Treasury stock, at cost, 6,191,367 shares at June 30, 2023, and no shares at December 31, 2022 | (490,403) | 0 |
| Retained earnings | 2,146,273 | 1,920,351 |
| Total stockholders’ equity | 4,289,167 | 4,360,187 |
| Total liabilities and stockholders’ equity | $ 8,345,965 | $ 8,303,400 |
Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cybersecurity protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.