Akamai Technologies, Inc. (NASDAQ:AKAM – Free Report) – Investment analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for Akamai Technologies in a research note issued on Thursday, May 29th. Zacks Research analyst A. Chatterjee now anticipates that the technology infrastructure company will post earnings of $0.89 per share for the quarter, down from their prior forecast of $0.93. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.60 per share.
Other equities research analysts also recently issued research reports about the company. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Citigroup dropped their price objective on Akamai Technologies from $102.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Susquehanna dropped their price objective on Akamai Technologies from $110.00 to $105.00 and set a “positive” rating for the company in a report on Friday, February 21st. Morgan Stanley dropped their price objective on Akamai Technologies from $102.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $88.00 price objective (up previously from $80.00) on shares of Akamai Technologies in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.26.
Akamai Technologies Trading Up 0.3%
NASDAQ AKAM opened at $76.17 on Monday. The stock has a 50-day simple moving average of $77.24 and a 200 day simple moving average of $87.00. The company has a market capitalization of $11.14 billion, a PE ratio of 23.37, a P/E/G ratio of 2.74 and a beta of 0.82. The company has a current ratio of 1.23, a quick ratio of 1.33 and a debt-to-equity ratio of 0.49. Akamai Technologies has a 12 month low of $67.51 and a 12 month high of $106.80.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology infrastructure company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share.
Institutional Trading of Akamai Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in Akamai Technologies during the fourth quarter worth about $49,000. Van ECK Associates Corp raised its holdings in Akamai Technologies by 49.6% during the fourth quarter. Van ECK Associates Corp now owns 2,746 shares of the technology infrastructure company’s stock worth $263,000 after acquiring an additional 910 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Akamai Technologies in the fourth quarter valued at approximately $617,000. Charles Schwab Investment Management Inc. raised its stake in Akamai Technologies by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 922,244 shares of the technology infrastructure company’s stock valued at $88,213,000 after buying an additional 29,888 shares during the period. Finally, Sawgrass Asset Management LLC raised its stake in Akamai Technologies by 20.0% in the fourth quarter. Sawgrass Asset Management LLC now owns 171,923 shares of the technology infrastructure company’s stock valued at $16,444,000 after buying an additional 28,654 shares during the period. Institutional investors own 94.28% of the company’s stock.
Insider Transactions at Akamai Technologies
In other news, COO Adam Karon sold 3,927 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $85.02, for a total transaction of $333,873.54. Following the completion of the transaction, the chief operating officer now directly owns 10,809 shares of the company’s stock, valued at $918,981.18. This represents a 26.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mani Sundaram sold 10,683 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $86.52, for a total value of $924,293.16. Following the sale, the executive vice president now owns 23,988 shares in the company, valued at $2,075,441.76. The trade was a 30.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,047 shares of company stock valued at $3,473,559 over the last three months. Company insiders own 2.00% of the company’s stock.
Akamai Technologies Company Profile
Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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