Akamai stock: buy or sell?
November 19th, 2019
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. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Akamai Technologies stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|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 published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 15 ratings published for AKAM stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-31||Credit Suisse Group||Neutral||Sell|
|2019-5-1||Piper Jaffray Companies||Top Pick||Overweight|
|2019-2-13||Royal Bank of Canada||Sector Perform||Sector Perform|
Akamai stock analysis
Akamai Technologies shares remained stable 0.11% to $88.51 today.
Akamai Technologies ended today at $88.51 and remained stable a neutral 0.11%. Price climbed above $88.31 breaking the short term down trend. $88.31 should act now as a support and could be tested in the coming days. For the last 4 days when AKAM stock price broke up the SMA100d line, it gained $2.86 (3.34%).
Akamai Technologies ended this week at $88.51 and inched a tiny 0.91%.
Since SMA20d and SMA40w crossed up early May, AKAM price climbed $8.48 per share (10.60%).
Akamai stock price history
Akamai IPO was on October 29th, 1999 at $110.00 per share1. Since then, AKAM stock declined a -19.50%, with a yearly average of -1.00%.
1: Adjusted price after possible price splits or reverse-splits.
Akamai stock historical price chart
AKAM stock reached 52-week highs on September at $93.12, and all-time highs 2000-01-03 with a price of 345.5.
Akamai stock price target is $83.80Nobody 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 12 price targets for AKAM stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-31||Morgan Stanley||Raises Target||$94.00||$96.00||2.1%|
|2019-7-31||Credit Suisse Group||Reiterates||$75.00||$81.00||8%|
|2019-5-1||Piper Jaffray Companies||Reiterates||$85.00||$96.00||12.9%|
|2019-2-13||Royal Bank of Canada||Reiterates||$77.00||$76.00||-1.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAkamai Technologies presented beatiful results for 2018-Q4 on February. Akamai escalated Earnings per Share (EPS) by 10.40%, beating experts of $0.77. Akamai posted $0.85.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Akamai Technologies annual turnover escalated a cool 9.06% to $2,714.47 M USD from $2,489.03 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) gained 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 slightly fell a -2.89% compared to previous quarter when profit margin was 16.07%. When comparing revenues to same quarter last year, Akamai sales marked a remarkable gain 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 shares of a company, it's worth to overview its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Akamai Technologies, 3.12% of all outstanding shares are owned by its staff.
Bearish positions for AKAM stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Akamai:
|Market cap||$14.3 B||$47.6 B||$8.7 B||$119.0 B||$43.1 M|
|Total shares||162.0 M||85.3 M||60.4 M||885.6 M||26.8 M|
|Float shares||157.6 M||84.8 M||60.2 M||884.5 M||21.1 M|
|- Institutional holdings (%)||91.0%||96.1%||105.4%||57.5%||85.4%|
|- Insider holdings (%)||3.1%||0.5%||0.5%||0.1%||7.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$87.94 - $89.07|
|Average true range||$1.52|
|50d mov avg||$89.07|
|100d mov avg||$87.47|
|200d mov avg||$81.14|
Akamai performanceTo better understand Akamai Technologies performance you must compare its gains with other related stocks in same sector or industry. We selected Equinix, F5 Networks, International Business Machines, Internap, Limelight Networks, Nuance Communications, QUALCOMM, AT&T and VeriSign as the bechmarking frame for Akamai stock.
Akamai competitorsOne check before investing in any stock is to review a list of its competitors, in this case for Akamai Technologies. We picked 9 companies as Akamai Technologies competitors as they are in the same industry or have similar market objectives.
- Equinix (EQIX)
- F5 Networks (FFIV)
- International Business Machines (IBM)
- Internap (INAP)
- Limelight Networks (LLNW)
- Nuance Communications (NUAN)
- QUALCOMM (QCOM)
- AT&T (T)
- VeriSign (VRSN)
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