Akamai Technologies (NASDAQ:AKAM – Get Free Report)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a report released on Friday, Benzinga reports. They currently have a $135.00 target price on the technology infrastructure company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 18.48% from the company’s previous close.
AKAM has been the topic of several other reports. HSBC lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $171.00 to $123.00 in a report on Monday, August 10th. Evercore reaffirmed an “outperform” rating on shares of Akamai Technologies in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Monday. Guggenheim upped their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a report on Friday. Finally, Piper Sandler upgraded shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $140.00 to $125.00 in a research report on Tuesday, September 1st. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Akamai Technologies presently has an average rating of “Hold” and a consensus price target of $149.29.
Get Our Latest Analysis on AKAM
Akamai Technologies Stock Performance
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company earned $1.73 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. Equities analysts anticipate that Akamai Technologies will post 3.63 EPS for the current fiscal year.
Insider Buying and Selling at Akamai Technologies
In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total value of $327,453.00. Following the completion of the transaction, the executive vice president owned 28,472 shares in the company, valued at approximately $3,007,497.36. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.30% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in Akamai Technologies during the first quarter valued at approximately $1,172,000. HighTower Advisors LLC lifted its stake in Akamai Technologies by 132.4% in the fourth quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock valued at $2,265,000 after acquiring an additional 14,792 shares during the last quarter. Baker Avenue Asset Management LP acquired a new stake in Akamai Technologies in the fourth quarter valued at approximately $1,393,000. Empowered Funds LLC lifted its stake in Akamai Technologies by 503.6% in the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock valued at $4,919,000 after acquiring an additional 35,735 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Akamai Technologies by 59.2% in the first quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock valued at $4,662,000 after acquiring an additional 15,091 shares during the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
More Akamai Technologies News
Here are the key news stories impacting Akamai Technologies this week:
- Positive Sentiment: Landmark Anthropic agreement: Anthropic committed to spend $11.6 billion over seven years on Akamai Cloud infrastructure to support growing CPU workloads. The relationship could expand by another $9 billion, creating a potential total commitment of approximately $20 billion. The contract provides significant long-term revenue visibility and strengthens Akamai’s position in the AI-cloud market. Anthropic to pay Akamai $11.6 billion over seven years in cloud deal
- Positive Sentiment: AI growth narrative: Investors are repricing Akamai from primarily a content-delivery and cybersecurity company toward a meaningful AI infrastructure provider. Reports also cited major enterprise agreements involving Lenovo and Jabil as additional support for the outlook. 3 Reasons Why AKAM Stock Is Up Today
- Positive Sentiment: Analyst optimism: Piper Sandler reaffirmed an Overweight rating and raised its price target to $158 from $125. DA Davidson maintained a Buy rating with a $185 target, while JPMorgan raised its target to $167, despite keeping a Neutral rating. Why Is Akamai Technologies Stock Surging Friday?
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.
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