Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) was the recipient of some unusual options trading on Friday. Stock traders acquired 16,651 call options on the stock. This is an increase of 112% compared to the average daily volume of 7,841 call options.
Akamai Technologies Stock Performance
NASDAQ:AKAM traded up $8.05 during mid-day trading on Friday, hitting $118.46. The stock had a trading volume of 13,878,535 shares, compared to its average volume of 4,525,494. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 42.73, a P/E/G ratio of 5.49 and a beta of 0.63. Akamai Technologies has a 52 week low of $70.82 and a 52 week high of $165.45. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23. The company has a 50 day simple moving average of $113.10 and a 200-day simple moving average of $118.76.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share. Akamai Technologies has set its Q3 2026 guidance at 1.600-1.800 EPS and its FY 2026 guidance at 6.400-7.050 EPS. On average, research analysts expect that Akamai Technologies will post 3.63 earnings per share for the current fiscal year.
Akamai Technologies News Summary
- Positive Sentiment: Anthropic committed to pay Akamai $11.6 billion over seven years for access to Akamai Cloud’s distributed infrastructure and software, primarily to support growing CPU workloads. The agreement also allows for up to an additional $9 billion, creating a potential total commitment of approximately $20 billion. Reuters article
- Positive Sentiment: The contract provides substantial long-term revenue visibility and could accelerate Akamai’s transition toward higher-growth AI and cloud infrastructure markets, where demand for computing capacity is expanding rapidly. Invezz article
- Positive Sentiment: The announcement prompted a sharp rally in Akamai shares as analysts and investors reassessed the company’s growth prospects and strategic position in AI infrastructure. 247WallSt article
- Neutral Sentiment: Akamai issued Anthropic a warrant for up to approximately 5% of its common stock; about 2% is expected to vest in connection with the initial commitment, with additional vesting tied to expansion of the relationship. Akamai press release
- Negative Sentiment: The warrant could dilute existing shareholders, while fulfilling the agreement may require significant investment and carries execution and customer-concentration risks. Akamai’s valuation—near 40 times earnings—also leaves less room for disappointment if AI-related growth takes longer than expected.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. Zacks Research raised Akamai Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Bank of America lifted their price objective on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Evercore reiterated an “outperform” rating on shares of Akamai Technologies in a report on Friday. Finally, Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $140.00 to $125.00 in a report on Tuesday, September 1st. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $144.43.
Read Our Latest Stock Analysis on Akamai Technologies
Insider Activity at Akamai Technologies
In related news, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the completion of the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.
Institutional Investors Weigh In On Akamai Technologies
Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. raised its stake in Akamai Technologies by 1,716.7% in the second quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock valued at $3,855,000 after buying an additional 30,815 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Akamai Technologies by 114.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock valued at $718,000 after acquiring an additional 3,244 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Akamai Technologies by 263.5% in the second quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock worth $11,602,000 after purchasing an additional 71,147 shares in the last quarter. Tidal Investments LLC grew its position in Akamai Technologies by 328.9% in the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after purchasing an additional 138,950 shares during the period. Finally, Capital Analysts LLC lifted its holdings in shares of Akamai Technologies by 71.0% in the second quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after purchasing an additional 1,228 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.
About Akamai Technologies
Akamai Technologies, Inc is a global technology company that provides cloud computing, content delivery and cybersecurity services. Its distributed platform helps businesses deliver websites, applications, software downloads, video and other digital content with improved speed, availability and scalability.
The company’s offerings include content delivery and edge computing services, cloud infrastructure, web and application performance solutions, and security products designed to protect applications, application programming interfaces, networks and users from cyber threats.
Read More
- Five stocks we like better than Akamai Technologies
- BlackBerry Shifts Gears With Coretura Deal
- NVIDIA’s Next AI Chip Ramp Could Open the Door to Another Major Stock Move
- Super Micro’s Vera Rubin Shipments Put Its AI Infrastructure Advantage to the Test
- Cintas Raises Guidance as a Major Catalyst Moves Closer
Receive News & Ratings for Akamai Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
