Forecast Of The Day: Akamai Web Division Revenues

+16.25%
Upside
89.81
Market
104
Trefis
AKAM: Akamai logo
AKAM
Akamai

What?

Trefis expects Akamai’s (NASDAQ:AKAM) Web Division revenues to increase steadily, from around $1.67 billion in 2020 to $1.80 billion in 2021 and $1.91 billion in 2022.

Why?

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Akamai operates a worldwide network of over 300,000 servers, that help customers deliver Internet content faster to their end-users. With the growing digitalization of business and more content moving online, Akamai’s business should continue to expand.

So What?

Although Akamai’s stock didn’t move much through the big-tech rally of 2020, it has delivered relatively steady returns in the past. The trend could continue as revenues and profits move higher.

See Our Complete Analysis For Akamai

 

While we think Akamai stock looks undervalued, it is helpful to know how its peers stack up. Akamai Stock Comparison With Peers summarizes how Akamai compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.

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