Akamai Technologies (NASDAQ:AKAM) Given Sector Perform Rating at Royal Bank Of Canada

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “sector perform” rating restated by Royal Bank Of Canada in a report issued on Friday, Benzinga reports. They presently have a $135.00 price target on the technology infrastructure company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 18.48% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Susquehanna cut their price target 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. UBS Group increased their price target on shares of Akamai Technologies from $143.00 to $148.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Akamai Technologies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $132.00 to $158.00 in a research report on Thursday, August 13th. Guggenheim increased their price target on shares of Akamai Technologies from $190.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Finally, TD Cowen raised their price objective on Akamai Technologies from $140.00 to $149.00 and gave the stock a “hold” rating in a research note on Friday. Thirteen investment 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 data from MarketBeat, Akamai Technologies has a consensus rating of “Hold” and an average price target of $149.29.

Akamai Technologies Trading Up 3.2%

Akamai Technologies stock traded up $3.53 during trading hours on Friday, reaching $113.94. 31,745,790 shares of the company’s stock traded hands, compared to its average volume of 4,636,518. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.64 and a current ratio of 1.64. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 5.49 and a beta of 0.63. The firm’s 50 day moving average is $113.10 and its 200-day moving average is $118.76.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results 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 the consensus estimate of $1.09 billion. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, analysts predict that Akamai Technologies will post 3.63 earnings per share for the current year.

Insider Activity

In related news, EVP Paul Joseph sold 3,100 shares of Akamai Technologies 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 owned 28,472 shares of the company’s stock, valued at approximately $3,007,497.36. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

A number of institutional investors have recently added to or reduced their stakes in AKAM. Sarver Vrooman Wealth Advisors acquired a new position in Akamai Technologies during the fourth quarter worth $31,000. Root Financial Partners LLC increased its position in Akamai Technologies by 45.8% during the fourth quarter. Root Financial Partners LLC now owns 350 shares of the technology infrastructure company’s stock worth $31,000 after buying an additional 110 shares during the last quarter. Silvant Capital Management LLC acquired a new position in Akamai Technologies during the second quarter worth approximately $32,000. Cedar Mountain Advisors LLC acquired a new position in Akamai Technologies during the first quarter worth approximately $47,000. Finally, Persistent Asset Partners Ltd acquired a new position in Akamai Technologies during the second quarter worth approximately $54,000. 94.28% of the stock is currently owned by institutional investors and hedge funds.

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.