How much money would you have made on Akamai Technologies Inc?

Summary

Akamai Technologies, Inc. (AKAM) is a technology company that provides cloud services for optimizing the delivery of content and applications on the Internet. The company was founded in 1998 by Daniel M. Lewin and MIT professor Tom Leighton, who remains the CEO of Akamai today.

Akamai's main business is to provide a global network of servers that store and deliver content for websites and other Internet applications. The company's services are designed to improve the performance and reliability of websites and other Internet-based applications by distributing the content across its network of servers, which are located in strategic locations around the world.

In addition to its core content delivery network (CDN) business, Akamai also offers a range of other cloud-based services, including security solutions, analytics, and cloud storage. The company serves a wide range of customers, including large enterprises, small and medium-sized businesses, and government agencies.

Akamai's latest market offerings include a range of solutions for optimizing the delivery of content and applications on the Internet. These solutions include the company's content delivery network (CDN), which is designed to improve the performance and reliability of websites and other Internet-based applications by distributing content across a global network of servers. The company also offers a range of other cloud-based services, including security solutions, analytics, and cloud storage.

In the latest quarter (Q3 2021), Akamai reported revenue of $805 million, up 4% year-over-year, and net income of $127 million, up 15% year-over-year. The company's results were driven by strong demand for its cloud-based services, particularly its security solutions, which saw revenue growth of 11% year-over-year.

Overall, Akamai has a strong track record of financial performance, with a history of steady revenue growth and consistently strong profits. The company's focus on providing high-quality, reliable cloud-based services has helped it to build a loyal customer base and maintain a leading position in the market.

Background

Akamai Technologies Inc, located at 145 broadway, cambridge, ma, us specializes in the services-business services, nec industry. It is currently listed on the exchange NASDAQ in the country USA.

The company's last annual earnings report on 2022-09-30 showed that it had reached a market capitalization of 14,301,159,000 dollars.

If someone had invested $100 in Akamai Technologies Inc 10 years ago, their investment would be worth roughly $63.1 today, according to If You Had Invested

If you had invested...

The stock price is a reflection of the company's performance, market value and for AKAM, its stock has been horrible. If you had invested $1,000 in Akamai Technologies Inc 1 year ago and held onto your investment until today , here's what would have happened:

Your investment would now be worth roughly $892.84 today.

Financials

If you are looking for a company with a high dividend yield then avoid Akamai Technologies Inc because it does not pay a dividend.

In terms of growth Akamai Technologies Inc has had a turn for the worst with a Quarterly Earnings growth rate of -0.37. At the same time revenue growth has been to the moon with a rate of 0.025.

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As Akamai Technologies Inc continues on its journey to become a 2,145,173,850,0.0 dollar company, there is no doubt that the stock will continue to rise. You should watch out for any major announcements about their products or recent earnings. If you wish to invest in the stock market but are not sure where to start, start by signing up on Robinhood

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