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Akamai Technologies Inc
NASDAQ:AKAM

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Akamai Technologies Inc Logo
Akamai Technologies Inc
NASDAQ:AKAM
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Price: 110.92 USD 2.57% Market Closed
Updated: Mar 1, 2024

Intrinsic Value

Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. [ Read More ]

The intrinsic value of one AKAM stock under the Base Case scenario is 136.07 USD. Compared to the current market price of 110.92 USD, Akamai Technologies Inc is Undervalued by 18%.

Key Points:
AKAM Intrinsic Value
Base Case
136.07 USD
Undervaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Akamai Technologies Inc

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Fundamental Analysis

Akamai Reports Strong Q4 and FY 2023 Earnings
2023-Q4 Earnings Call

Akamai Reports Strong Q4 and FY 2023 Earnings

Akamai Technologies concluded 2023 with robust Q4 earnings, showcasing a 23% year-over-year increase in non-GAAP EPS to $1.69 and revenue growth to $995 million, or 22% in constant currency. For the full year, the company achieved $3.81 billion in revenue, with non-GAAP EPS of $6.20 representing a 15% rise from the previous year, bolstered by a consistent 30% non-GAAP operating margin. Security products led the charge, with Q4 revenue climbing 17% year-over-year, as demand for Akamai's Guardicore solution surged, protecting against malware and ransomware. Cloud computing also witnessed strong growth, with Akamai exceeding its $500 million revenue target. The company's new initiative, Gecko, aims to blend edge computing with existing cloud capabilities across an expanded network, further strengthening Akamai's market position for 2024.

Financials

Balance Sheet Decomposition
Akamai Technologies Inc

Current Assets 1.8B
Cash & Short-Term Investments 864.4m
Receivables 724.3m
Other Current Assets 216.1m
Non-Current Assets 8.1B
Long-Term Investments 1.4B
PP&E 2.7B
Intangibles 3.4B
Other Non-Current Assets 542.6m
Current Liabilities 836m
Accounts Payable 146.9m
Accrued Liabilities 575.1m
Other Current Liabilities 114m
Non-Current Liabilities 4.5B
Long-Term Debt 3.5B
Other Non-Current Liabilities 928.6m
Efficiency
Fundamental Scores

AKAM Profitability Score
Profitability Due Diligence

Akamai Technologies Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive Operating Income
Positive Revenue Growth Forecast
60/100
Profitability
Score

Akamai Technologies Inc's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

AKAM Solvency Score
Solvency Due Diligence

Akamai Technologies Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Low D/E
Average Altman Z-Score
53/100
Solvency
Score

Akamai Technologies Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

AKAM Price Targets Summary
Akamai Technologies Inc

Wall Street analysts forecast AKAM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for AKAM is 128.4 USD with a low forecast of 79.79 USD and a high forecast of 157.5 USD.

Lowest
Price Target
79.79 USD
28% Downside
Average
Price Target
128.4 USD
16% Upside
Highest
Price Target
157.5 USD
42% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

AKAM Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

AKAM Price
Akamai Technologies Inc

1M 1M
-11%
6M 6M
+5%
1Y 1Y
+52%
3Y 3Y
+16%
5Y 5Y
+56%
10Y 10Y
+81%
Annual Price Range
110.92
52w Low
70.75
52w High
128.32
Price Metrics
Average Annual Return 6.83%
Standard Deviation of Annual Returns 23.53%
Max Drawdown -17%
Shares Statistics
Market Capitalization 16.7B USD
Shares Outstanding 151 000 000
Percentage of Shares Shorted 6.36%

AKAM Return Decomposition
Main factors of price return

What is price return decomposition?

AKAM News

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Last Important Events
Akamai Technologies Inc

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Sentiment Analysis
Akamai Technologies Inc

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Company Profile

Akamai Technologies Inc Logo
Akamai Technologies Inc

Country

United States of America

Industry

Technology

Market Cap

16.7B USD

Dividend Yield

0%

Description

Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. The company is headquartered in Cambridge, Massachusetts and currently employs 8,700 full-time employees. The firm's products include Kona Site Defender, Bot Manager, Enterprise Application Access, Image & Video Manager, Edge DNS, Enterprise Threat Protector, Identity Cloud, Web Application Protector, Page Integrity Manager, Akamai MFA, Account Protector, Cloud Wrapper, DataStream, EdgeKV and Global Traffic Management. The firm's solutions include the Security Technology Group and the Edge Technology Group. The Security Technology Group includes solutions that are designed to keep infrastructure, Websites, applications, and users safe. The Edge Technology Group includes solutions that are designed to enable business online, including media delivery, Web performance and edge computing solutions. Its solutions blend automation with customizable protections and managed security services.

Contact

MASSACHUSETTS
Cambridge
145 Broadway
+16174443000.0
https://www.akamai.com/

IPO

1999-10-29

Employees

8 700

Officers

Co-Founder, CEO, President & Director
Dr. F. Thomson Leighton
Executive VP, CFO & Treasurer
Mr. Edward J. McGowan
COO & GM of Cloud Technology Group
Mr. Adam Karon
Executive Vice President of Global Sales & Services
Mr. Paul Joseph
Executive VP & GM of Security Technology Group
Mr. Mani Sundaram
Chief Accounting Officer
Ms. Laura Howell
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Executive VP & CTO
Dr. Robert Blumofe
Chief Information Officer
Ms. Kate Prouty
Head of Investor Relations
Mr. Tom Barth
Executive VP, General Counsel & Corporate Secretary
Mr. Aaron S. Ahola
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See Also

Discover More
What is the Intrinsic Value of one AKAM stock?

The intrinsic value of one AKAM stock under the Base Case scenario is 136.07 USD.

Is AKAM stock undervalued or overvalued?

Compared to the current market price of 110.92 USD, Akamai Technologies Inc is Undervalued by 18%.