Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) has been assigned an average recommendation of “Hold” from the twenty-two analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $145.2857.
Several equities analysts recently commented on AKAM shares. Scotiabank increased their target price on shares of Akamai Technologies from $120.00 to $180.00 and gave the company a “sector outperform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Akamai Technologies from $72.00 to $100.00 in a report on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of Akamai Technologies from $100.00 to $150.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Oppenheimer increased their target price on shares of Akamai Technologies from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Finally, Citigroup increased their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, May 15th.
View Our Latest Stock Report on Akamai Technologies
Akamai Technologies Price Performance
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last released its earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Research analysts predict that Akamai Technologies will post 3.89 earnings per share for the current year.
Insiders Place Their Bets
In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president owned 59,210 shares of the company’s stock, valued at $8,027,099.70. This represents a 3.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by insiders.
Institutional Investors Weigh In On Akamai Technologies
Institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. boosted its position in Akamai Technologies by 467.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company’s stock valued at $1,450,000 after buying an additional 15,772 shares during the period. National Pension Service boosted its position in Akamai Technologies by 48.5% during the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company’s stock valued at $5,160,000 after buying an additional 22,242 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Akamai Technologies by 42.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company’s stock valued at $19,040,000 after buying an additional 74,791 shares during the period. New York Life Investment Management LLC boosted its position in Akamai Technologies by 71.5% during the 3rd quarter. New York Life Investment Management LLC now owns 34,051 shares of the technology infrastructure company’s stock valued at $2,580,000 after buying an additional 14,192 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Akamai Technologies by 132.4% in the 4th quarter. HighTower Advisors LLC now owns 25,960 shares of the technology infrastructure company’s stock worth $2,265,000 after purchasing an additional 14,792 shares during the period. Hedge funds and other institutional investors own 94.28% of the company’s stock.
Akamai Technologies Company Profile
Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.
The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.
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