What is Scotiabank’s Forecast for AKAM FY2027 Earnings?

Akamai Technologies, Inc. (NASDAQ:AKAM) – Investment analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for Akamai Technologies in a research note issued to investors on Thursday, October 1st. Scotiabank analyst P. Colville now forecasts that the technology infrastructure company will post earnings per share of $3.64 for the year, down from their prior estimate of $3.82. The consensus estimate for Akamai Technologies’ current full-year earnings is $3.58 per share.

A number of other research analysts have also recently issued reports on AKAM. Citigroup cut their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a research note on Friday, September 4th. Evercore reiterated an “outperform” rating on shares of Akamai Technologies in a research report on Friday, September 25th. Susquehanna reduced their price objective on Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a research note on Monday, August 10th. Wall Street Zen cut Akamai Technologies from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Finally, President Capital raised their target price on Akamai Technologies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Thirteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and an average target price of $150.10.

Akamai Technologies Price Performance

NASDAQ:AKAM opened at $107.99 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. The firm has a market cap of $15.52 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 5.12 and a beta of 0.62. Akamai Technologies has a 12 month low of $70.82 and a 12 month high of $165.45. The company’s 50-day moving average price is $111.57 and its two-hundred day moving average price is $118.93.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The company 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 revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. 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.

Insider Buying and Selling

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the transaction, the executive vice president directly owned 28,472 shares in the company, valued at approximately $3,007,497.36. This trade represents a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,013 shares of Akamai Technologies stock in a transaction on Friday, September 25th. The shares were sold at an average price of $128.00, for a total value of $257,664.00. Following the completion of the sale, the executive vice president directly owned 57,197 shares of the company’s stock, valued at $7,321,216. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,135 shares of company stock worth $1,467,221 in the last quarter. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Akamai Technologies by 3.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,356 shares of the technology infrastructure company’s stock worth $271,000 after buying an additional 70 shares during the period. Root Financial Partners LLC grew its holdings in shares of Akamai Technologies by 45.8% during the 4th quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after acquiring an additional 110 shares during the period. Tema ETFs LLC grew its holdings in shares of Akamai Technologies by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 1,664 shares of the technology infrastructure company’s stock worth $197,000 after acquiring an additional 145 shares during the period. Forza Wealth Management LLC raised its position in shares of Akamai Technologies by 2.0% in the 1st quarter. Forza Wealth Management LLC now owns 8,009 shares of the technology infrastructure company’s stock worth $920,000 after acquiring an additional 159 shares in the last quarter. Finally, Groupama Asset Managment raised its position in shares of Akamai Technologies by 6.0% in the 1st quarter. Groupama Asset Managment now owns 3,383 shares of the technology infrastructure company’s stock worth $389,000 after acquiring an additional 191 shares in the last quarter. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc (NASDAQ: AKAM) provides cloud computing, cybersecurity and content delivery services for businesses and public-sector organizations. Its distributed edge platform helps customers deliver websites, applications, media and other digital experiences while improving performance, availability and scalability.

The company’s services include web and application performance optimization, content delivery, cloud infrastructure, application and API security, distributed denial-of-service protection, zero-trust security and bot management.