Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Akamai Technologies, Inc. before investing.

In this article, we go over a few key elements for understanding Akamai Technologies, Inc.’s stock price such as:

• Akamai Technologies, Inc.’s current stock price and volume
• Why Akamai Technologies, Inc.’s stock price changed recently
• Upgrades and downgrades for AKAM from analysts
• AKAM’s stock price momentum as measured by its relative strength

About Akamai Technologies, Inc. (AKAM)

Before we jump into Akamai Technologies, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Akamai Technologies, Inc. is a cloud company that develops and provides solutions for global enterprises to build, deliver and secure their digital experiences on its distributed worldwide network. Akamai Connected Cloud, the Company's platform, is comprised of an edge and cloud architecture and underlying network for cloud computing, security and content delivery services. Its cloud computing services include compute, storage, networking, database and container management services that are required to build, deploy and secure applications and workloads. Its security solutions are designed to keep infrastructure, websites, applications, application programming interfaces and users safe from a multitude of cyberattacks and online threats while improving performance. The Company's content delivery solutions consist of Web and mobile performance focused solutions and media delivery solutions. The Company also provides services and support for its customers as they utilize its solutions.

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Akamai Technologies, Inc.’s Stock Price as of Market Close

As of May 10, 2024, 4:00 PM, CST, Akamai Technologies, Inc.’s stock price was $91.19.

Akamai Technologies, Inc. is down 11% from its previous closing price of $102.46.

During the last market session, Akamai Technologies, Inc.’s stock traded between $101.54 and $102.65. Currently, there are 150.98 million shares of Akamai Technologies, Inc. stock available for purchase.

Akamai Technologies, Inc.’s price-earnings (P/E) ratio is currently at 29.1, which is high compared to the IT Services & Consulting industry median of 27.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Akamai Technologies, Inc. Stock Price History

Akamai Technologies, Inc.’s (AKAM) price is currently down 9.65% so far this month.

During the month of May, Akamai Technologies, Inc.’s stock price has reached a high of $102.65 and a low of $90.53.

Over the last year, Akamai Technologies, Inc. has hit prices as high as $129.17 and as low as $83.12. Year to date, Akamai Technologies, Inc.’s stock is up 8.17%.

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What Caused Akamai Technologies, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 09, 2024, there were 0 analysts who downgraded Akamai Technologies, Inc.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Akamai Technologies, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Akamai Technologies, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Akamai Technologies, Inc.’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Akamai Technologies, Inc. (AKAM) by visiting AAII Stock Evaluator.

Relative Price Strength of Akamai Technologies, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 09, 2024, Akamai Technologies, Inc. has a weighted four-quarter relative price strength of -4.79%, which translates to a Momentum Score of 45 and is considered to be Average.

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Akamai Technologies, Inc. Stock Price: Bottom Line

As of May 10, 2024, Akamai Technologies, Inc.’s stock price is $91.19, which is down 11% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Akamai Technologies, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.