AKAM

Akamai Technologies Inc

TMT


Presented:01/19/2023
Price:$86.59
Cap:$13.62B
Current Price:$103.29
Cap:$15.65B

Presented

Date01/19/2023
Price$86.59
Market Cap$13.62B
Ent Value$15.07B
P/E Ratio27.75x
Book Value$26.81
Div Yield0%
Shares O/S157.24M
Ave Daily Vol1,431,037
Short Int6.44%

Current

Price$103.29
Market Cap$15.65B
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. Its products include security, web performance, media delivery, and network operator. The company was founded by Frank T. Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel M. Lewin on August 20, 1998 and is headquartered in Cambridge, MA.

Publicly traded companies mentioned herein: Akamai Technologies Inc (AKAM), Amazon (AMZN), Cloudflare (NET), Fastly (FSLY), 

Highlights

The presenter is long Akamai (AKAM), believing that the market compression of the shares should now be completed after a tough 2022, where the legacy Content Delivery Network (CDN) segment saw flat to declining web traffic and signed many of its top customers to new multi-year subscription agreements. Additionally, the company was hit by a loss of business in Russia and unfavorable FX trends. The important transitions should now be in the rear-view mirror and the company should be positioned to grow. Akamai’s CEO seems to agree as he put into place a $3 million shares purchase program in November, of which he has purchased at least $500,000 in shares.

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Idea Discussion

Commentor 1 - 2 weeks ago

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