Akamai Technologies (AKAM)
Information Technology6 articles
Price chart
Why is AKAM moving today?
-4.9%AKAM is -4.9% today, a large move, and no story about it reached the feed in the last 24 hours. Large moves without a headline are common: index flows, options positioning, a peer's report or a sector rotation can all do it. We do not invent a reason.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
Akamai Technologies (AKAM) overview
Akamai operates a content-delivery network and cloud-security services.
AKAM is a member of the S&P 500. It sits in the Information Technology sector. That sector covers hardware, software and semiconductor companies driving the digital economy.
Akamai Technologies trades on the NasdaqGS under the ticker symbol AKAM. The most recent market data puts the share price at about $87.81. That is down 4.89% on the session. At that price the company is worth roughly $12.62B.
Over the past 52 weeks, AKAM has traded between $70.82 and $165.45. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 31.8. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch AKAM
AKAM is one of the larger names in the Information Technology sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each AKAM story as it breaks, and tags it bullish, bearish or neutral.
What moves AKAM
- Earnings. AKAM reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from AKAM.
- Sector news. Information Technology stocks often move together, so a rival's news can move AKAM too.
Market Mood
Latest AKAM news
Akamai Technologies (AKAM) Reports $1.1B Revenue, Endorsed by Cramer
Akamai Technologies (AKAM) reported revenue of $1.1 billion, marking a 5% increase from the prior year. The company's security revenue was $604 million, up 10%, and cloud infrastructure revenue hit $99 million, up 39%. Jim Cramer endorsed Akamai during his show, labeling it a terrific buy, highlighting its shift towards higher-margin cybersecurity and cloud services. Akamai has secured over $2.8 billion in multi-year cloud deals, including a significant $1.8 billion contract with Anthropic. This is relevant for investors as it indicates potential future growth driven by AI and security revenue.
Read More: Akamai Technologies (AKAM) Reports $1.1B Revenue, Endorsed by Cramer
Anthropic (AI) secures $1.8bn cloud deal with Akamai Technologies
Anthropic has entered a $1.8 billion agreement with Akamai Technologies for enhanced cloud computing capacity for its AI platforms. Akamai's seven-year cloud services contract marks the largest in its history and is part of Anthropic's strategy to expand its infrastructure to meet increasing demand for its AI products, including Claude. Notably, Anthropic has also secured cloud resources from Alphabet and SpaceX, with a recent deal allowing access to a data center containing over 220,000 Nvidia processors. This growth in revenue and system usage underscores the rising demand for Anthropic's offerings and aligns with its plans for large-scale computing capacity.
Read More: Anthropic (AI) secures $1.8bn cloud deal with Akamai Technologies
Akamai (AKAM) Stock Surges 22% Following $1.8B AI Deal
Akamai Technologies (AKAM) saw its stock increase by 22.3% in premarket trading after announcing a $1.8 billion agreement with an unnamed AI company. The firm's first-quarter revenue rose by 6% to over $1 billion, driven by a 40% increase in cloud infrastructure services revenue, totaling $95 million. Akamai expects second-quarter revenue between $1.08 billion and $1.1 billion, with adjusted net income per share estimated between $1.45 and $1.65. The company has been rapidly scaling its cloud infrastructure to meet rising demand for AI workloads, positioning itself as a key player in the market.
Read More: Akamai (AKAM) Stock Surges 22% Following $1.8B AI Deal
Cloudflare (NET) and Akamai (AKAM) Show Pre-Market Movement
Cloudflare (NET) and Akamai Technologies (AKAM) reported significant pre-market movements. Specific trading volumes and percentage changes for these companies were not disclosed in the article. Understanding these movements can provide insights into market sentiment and investor behaviors in the tech sector. Premarket activity often foreshadows broader market trends, highlighting the importance of monitoring such fluctuations for potential investment strategies.
Read More: Cloudflare (NET) and Akamai (AKAM) Show Pre-Market Movement
Akamai (AKAM) Stock Reaches 52-Week High of 121.13 USD
Akamai Technologies (AKAM) reached a 52-week high of 121.13 USD. This increase may indicate positive market sentiment and investor confidence in Akamai's performance. Tracking such highs can reflect broader trends in tech stocks. The company’s performance could have implications for future trading sessions as investors reassess valuations.
Read More: Akamai (AKAM) Stock Reaches 52-Week High of 121.13 USD
Akamai (AKAM) Stock Rating Cut After 33% Rally in Valuation
Baird has downgraded the stock rating of Akamai (AKAM) following a 33% increase in its stock price. This rating change suggests that the firm believes the current valuation may be too high after the recent gains. Market analysts typically adjust ratings based on valuation assessments to reflect expected future performance. Such downgrades can influence investor sentiment and contribute to stock price adjustments.
Read More: Akamai (AKAM) Stock Rating Cut After 33% Rally in ValuationMore Information Technology stocks
Frequently asked questions
Is Akamai Technologies in the S&P 500?
Yes. Akamai Technologies trades as AKAM and is a member of the S&P 500. The index lists it in the Information Technology sector.
What sector is AKAM in?
AKAM sits in the Information Technology sector of the S&P 500.
Where can I find the latest AKAM news?
Right here. This page collects recent AKAM news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Akamai Technologies's stock price?
AKAM last traded at about $87.81. Prices move all through the session, so this is the latest quote rather than a live one.
What is Akamai Technologies's market cap?
AKAM is worth roughly $12.62B. Market cap is the share price times the number of shares outstanding.
What is AKAM's P/E ratio?
AKAM trades at a trailing P/E ratio of about 31.8. The ratio compares the share price with earnings per share over the past year.