AKAM

Akamai Technologies Inc

TMT


Presented:11/10/2023
Price:$110.77
Cap:$16.71B
Current Price:$103.29
Cap:$15.65B

Presented

Date11/10/2023
Price$110.77
Market Cap$16.71B
Ent Value$20.07B
P/E Ratio33.41x
Book Value$28.65
Div Yield0%
Shares O/S150.83M
Ave Daily Vol1,742,882
Short Int8.10%

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)

Highlights

The presenter is long shares of Akamai (AKAM), primarily due to expectations of accelerated top and bottom line growth in the coming year. Akamai operates three main businesses: security (comprising network security, web security, and application firewall), traditional content delivery network (CDN), and a compute business (cloud computing, edge applications, cloud optimization, and storage). He sees upside across all three segments, driven by an acquisition in security, rationalization of the CDN market, and benefits from capex investments that should help to improve growth going forward. As such he believes the earnings can come in north of $7.30 for 2024 for ~20% upside.

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Idea Discussion

Commentor 1 - 2 weeks ago

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