Akamai Technologies (NASDAQ:AKAM) Earns Sector Perform Rating from Royal Bank Of Canada

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Friday, Benzinga reports. They presently have a $135.00 target price on the technology infrastructure company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 26.25% from the company’s previous close.

Several other research firms have also commented on AKAM. Bank of America lifted their price target on Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Evercore reiterated an “outperform” rating on shares of Akamai Technologies in a report on Friday, September 25th. Citigroup reduced their price target on Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. HSBC lowered Akamai Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $123.00 in a report on Monday, August 10th. Finally, UBS Group lifted their price target on Akamai Technologies from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, September 25th. Thirteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $150.10.

Akamai Technologies Price Performance

AKAM stock traded up $0.58 during midday trading on Friday, reaching $106.93. The stock had a trading volume of 5,523,403 shares, compared to its average volume of 4,677,820. The company’s fifty day simple moving average is $112.01 and its 200 day simple moving average is $118.89. 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 market cap of $15.37 billion, a price-to-earnings ratio of 38.46, a price-to-earnings-growth ratio of 5.10 and a beta of 0.63. Akamai Technologies has a 52-week low of $70.82 and a 52-week high of $165.45.

Akamai Technologies (NASDAQ:AKAM) 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, sell-side analysts predict that Akamai Technologies will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Akamai Technologies

In related news, EVP Mani Sundaram sold 7,022 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total transaction of $882,103.64. Following the completion of the sale, the executive vice president directly owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This trade represents a 32.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Joseph sold 3,100 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $105.63, for a total value of $327,453.00. Following the sale, the executive vice president directly owned 28,472 shares of the company’s stock, valued at $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,135 shares of company stock worth $1,467,221 in the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Akamai Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Akamai Technologies during the 1st quarter worth about $1,172,000. HighTower Advisors LLC increased its position in shares of Akamai Technologies by 132.4% during 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 last quarter. Baker Avenue Asset Management LP acquired a new stake in shares of Akamai Technologies during the 4th quarter worth about $1,393,000. Empowered Funds LLC increased its position in shares of Akamai Technologies by 503.6% during the 1st quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after purchasing an additional 35,735 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Akamai Technologies by 59.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock worth $4,662,000 after purchasing an additional 15,091 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Positive Sentiment: Anthropic deal strengthens AI outlook: Akamai’s reported $11.6 billion cloud commitment with Anthropic is being viewed as a potentially important catalyst for demand across its cloud, edge-computing and cybersecurity businesses. Analysts note that the agreement could materially change the market’s perception of Akamai, though its ultimate financial impact remains uncertain. Akamai just landed an $11.6 billion AI deal
• Positive Sentiment: Positive analyst and media commentary: President Capital raised its Akamai price target from $150 to $168 and maintained a buy rating, implying substantial upside from recent levels. CNBC commentator Jim Cramer also identified Akamai as his preferred buy among Akamai, Cloudflare and Fastly, citing its comparatively low valuation and Anthropic commitment. AI is a boon for 3 internet traffic cop stocks
• Positive Sentiment: AI traffic opportunity: Growing use of AI agents is expected to increase internet traffic and demand for infrastructure, positioning Akamai to benefit from higher usage of its delivery, cloud and security services.
• Neutral Sentiment: Akamai and Resurety completed what they described as the first exchange-executed virtual power purchase agreement, highlighting the company’s renewable-energy efforts but likely having limited immediate earnings impact. Resurety and Akamai Make Clean Energy History
• Negative Sentiment: Recent market weakness and insider selling: Akamai recently declined more than the broader market, while two insiders disclosed sales totaling 9,035 shares. These items may weigh modestly on sentiment, though the sales are small relative to the company’s market capitalization. Why Akamai Technologies Dipped More Than the Broader Market

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.