AKAMAI TECHNOLOGIES INC (AKAM)

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.

Address

145 BROADWAY
CAMBRIDGE, MA 02142

Founded

1998

Number of Employees

10,250

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$268,650 $302,609 $373,790 $361,196 $750,032 $334,526 $193,589 $522,252 $608,009 $654,034 $253,260 $420,177
Average Price $58.02 $67.05 $53.28 $52.59 $73.55 $82.90 $98.53 $109.97 $94.96 $83.83 $101.38 $76.17
# Shares Purchased 4,629,966 4,513,433 7,015,502 6,868,118 10,197,961 4,035,195 1,964,686 4,749,037 6,402,650 7,801,778 2,498,068 5,516,036
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 68.9% 46.2% 83.9% 86.3% 33.2% 18.2% -0.5% -10.9% 3.2% 16.9% -3.3% 28.7%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -113.0% -126.8% -84.7% -43.4% -71.6% -74.9% -75.4% -42.5% -34.1% -14.4% -10.7% -65.3%
Quartile Rank
Percentile Rank 52% 47% 56% 65% 52% 45% 28% 37% 50% 57% 34% 61%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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