Akamai stock: buy or sell?
March 27th, 2020
Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally.
Should I buy Akamai stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Akamai stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Akamai Technologies stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't find any rating for AKAM stock for the last 30 days.
Akamai stock analysis
After boosting a dazzling 5.33% on Mar 26th, Akamai closed yesterday at $90.61 and plummed a chilling -3.99%.
After boosting a dazzling 5.33% on Mar/26, Akamai closed yesterday at $90.61 and plummed a chilling -3.99%. On Tuesday AKAM price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on February, AKAM price slid a -2.94%.
Akamai shares climbed 10.00% this week, ending at $90.61. Early March AKAM plunged a chilling -5.70% in just one week.
Akamai is in a clear downtrend, marking successive falling peaks and bottoms. Now is trading in between the - range. There is a chance to rebound and reverse this situation if price can hold above the level. This week AKAM price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May 2019 when SMA20w and SMA40w crossed up, AKAM price gained $10.58 per share (13.22%).
Akamai stock price history
Akamai stock went public on October 29th, 1999 with a price of $110.001. Since then, AKAM stock sliced a -17.60%, with a yearly average of -0.90%.
1: Adjusted price after possible price splits or reverse-splits.
Akamai stock historical price chart
AKAM stock reached 52-week highs on Feb 20th at $103.34, and all-time highs 2000-01-03 with a price of 345.5.
Akamai stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AKAM stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price target for Akamai stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAkamai reported beatiful results for 2018-Q4 . Akamai soared Earnings per Share (EPS) by 10.40%, beating experts consensus of $0.77. Akamai posted $0.85.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a superb gain of 9.06% to $2,714.47 million dollars. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) raised a 2.04% to 10.99%.
|2013||$1,580 M||-||$293 M18.6%||-|
|2014||$1,964 M||24.30%||$334 M17.0%||13.79%|
|2015||$2,197 M||11.89%||$321 M14.6%||-3.76%|
|2016||$2,340 M||6.49%||$316 M13.5%||-1.64%|
|2017||$2,489 M||6.37%||$223 M8.9%||-29.53%|
|2018||$2,714 M||9.06%||$298 M11.0%||33.94%|
Quarterly financial resultsAkamai Technologies posted $713.36 million in revenues for 2018-Q4, a 6.53% improvement compared to previous quarter. Reported quarter earnings marked $94.02 M with a profit margin of 13.18%. Profit margin declined a -2.89% compared to previous quarter when profit margin was 16.07%. When comparing turnover to same quarter last year, Akamai sales marked a shining growth and rose a 6.09%. Looking back to recent quarterly results, Akamai Technologies posted 2 positive quarters in a row.
|2017-Q2||$609 M||-||$58 M9.5%||-|
|2017-Q3||$621 M||2.05%||$61 M9.7%||4.75%|
|2017-Q4||$672 M||8.21%||$23 M3.4%||-61.87%|
|2018-Q1||$669 M||-0.55%||$54 M8.0%||132.78%|
|2018-Q2||$663 M||-0.89%||$43 M6.5%||-19.83%|
|2018-Q3||$670 M||1.04%||$108 M16.1%||149.84%|
|2018-Q4||$713 M||6.53%||$94 M13.2%||-12.61%|
|2019-Q1||$707 M||-0.96%||$107 M15.2%||13.95%|
Akamai ownershipWhen you are planning to buy a company, it's always worth to overview its ownership structure.
Akamai shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.78% of all shares.
Bearish positions for AKAM stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$14.6 B|
|Total shares||161.6 M|
|Float shares||158.2 M|
|- Institutional holdings (%)||92.4%|
|- Insider holdings (%)||2.8%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$88.93 - $93.10|
|Average true range||$7.72|
|50d mov avg||$92.96|
|100d mov avg||$90.05|
|200d mov avg||$88.29|
Akamai performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Akamai Technologies performance to :
Akamai competitorsUnfortunately, we could not find any public company that could be defined as Akamai competitor. This doesn't mean Akamai does not have any competitor in the market, it's just we could not detected it.
Latest Akamai stock news
- Seeking AlphaAkamai: Benefiting From Cloud Security Demand And Improving Operating MarginsJune 3, 2019
- Seeking AlphaAkamai: Growth Potential, But Its Earnings Have Been In A SlumpFebruary 22, 2019
- InvestorPlaceAkamai Stock Is a Wild Horse – Here’s How to Tame ItFebruary 13, 2019
- InvestorPlaceAkamai Stock: Earnings and Revenues Beat Estimates in Q4February 13, 2019
- InvestorPlaceAkamai Technologies Earnings: AKAM Stock Dips as CFO Retires, EPS BeatFebruary 12, 2019