Forecast Of The Day: Akamai’s Media Net Revenues
What?
Akamai’s (NASDAQ:AKAM) Media Net Revenues rose from around $1.33 billion in 2019 to $1.53 billion in 2020. Trefis expects the metric to rise steadily to about $1.8 billion in 2022.
Why?
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We expect growth to be driven by higher web traffic and the rising adoption of cloud-based security offerings by media customers.
So What?
We think Akamai stock is slightly undervalued. We value AKAM at about $126 per share, about 8% ahead of the current market price.
See Our Complete Analysis For Akamai
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| Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| AKAM Return | 0% | 0% | 75% |
| S&P 500 Return | 0% | 0% | 114% |
| Trefis MS Portfolio Return | -2% | -2% | 285% |
[1] Month-to-date and year-to-date as of 1/5/2022
[2] Cumulative total returns since the end of 2016
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