Akamai Technologies (NASDAQ:AKAM) Stock Bumped Down to Sell by Wall Street Zen

Wall Street Zen downgraded shares of Akamai Technologies (NASDAQ:AKAM) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Susquehanna cut their price target on shares of Akamai Technologies from $175.00 to $140.00 and set a “positive” rating on the stock in a report on Monday, August 10th. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. TD Cowen lifted their target price on shares of Akamai Technologies from $140.00 to $149.00 and gave the company a “hold” rating in a research note on Friday. Guggenheim boosted 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, Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a report on Monday, September 21st. Thirteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $149.29.

Akamai Technologies Stock Up 3.2%

Shares of NASDAQ:AKAM opened at $113.94 on Friday. 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 firm has a market cap of $16.38 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 5.28 and a beta of 0.63. Akamai Technologies has a 12-month low of $70.82 and a 12-month high of $165.45. The company has a fifty day simple moving average of $112.98 and a 200 day simple moving average of $118.72.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, equities research analysts anticipate that Akamai Technologies will post 3.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sarver Vrooman Wealth Advisors bought a new position in shares of Akamai Technologies during the 4th quarter valued at $31,000. Root Financial Partners LLC boosted its holdings in Akamai Technologies by 45.8% in the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Silvant Capital Management LLC acquired a new position in Akamai Technologies during the second quarter worth $32,000. Cedar Mountain Advisors LLC acquired a new position in Akamai Technologies during the first quarter worth $47,000. Finally, Persistent Asset Partners Ltd bought a new position in Akamai Technologies during the second quarter valued at about $54,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Akamai Technologies News Summary

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?

Akamai Technologies Company Profile

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.