Zacks Research Issues Pessimistic Estimate for AKAM Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Zacks Research cut their Q3 2026 earnings per share estimates for Akamai Technologies in a report issued on Wednesday, September 9th. Zacks Research analyst Team now forecasts that the technology infrastructure company will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.00. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $3.66 per share. Zacks Research also issued estimates for Akamai Technologies’ Q4 2026 earnings at $1.11 EPS, FY2026 earnings at $3.80 EPS, Q2 2028 earnings at $1.14 EPS and FY2028 earnings at $4.68 EPS.

Several other analysts have also recently commented on the stock. Guggenheim raised their price objective on shares of Akamai Technologies from $181.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Morgan Stanley upped their target price on shares of Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Citigroup dropped their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Piper Sandler upgraded shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $140.00 to $125.00 in a research report on Tuesday, September 1st. Finally, TD Cowen boosted their price target on Akamai Technologies from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $141.62.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $107.13 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.23. Akamai Technologies has a fifty-two week low of $70.82 and a fifty-two week high of $165.45. The stock has a market cap of $15.40 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 5.11 and a beta of 0.63. The firm’s fifty day simple moving average is $115.39 and its 200-day simple moving average is $118.07.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Akamai Technologies had a return on equity of 11.32% and a net margin of 9.51%.The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. Akamai Technologies’s revenue was up 5.4% compared to the same quarter last year. 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.

Hedge Funds Weigh In On Akamai Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in shares of Akamai Technologies by 11,945.9% during the 2nd quarter. California State Teachers Retirement System now owns 20,219,939 shares of the technology infrastructure company’s stock worth $2,390,199,000 after purchasing an additional 20,052,082 shares during the last quarter. Norges Bank acquired a new stake in Akamai Technologies during the 4th quarter valued at $192,959,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Akamai Technologies during the 2nd quarter valued at $222,046,000. AQR Capital Management LLC increased its position in Akamai Technologies by 522.8% during the third quarter. AQR Capital Management LLC now owns 2,020,346 shares of the technology infrastructure company’s stock worth $153,061,000 after buying an additional 1,695,937 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Akamai Technologies during the second quarter worth $181,508,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Insider Activity at Akamai Technologies

In related news, CTO Robert Blumofe sold 243 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total value of $31,446.63. Following the sale, the chief technology officer directly owned 31,006 shares of the company’s stock, valued at approximately $4,012,486.46. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Key Headlines Impacting Akamai Technologies

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

• Positive Sentiment: Expanded MuleSoft collaboration: Akamai announced an expanded integration with MuleSoft that combines Akamai API Security intelligence with MuleSoft’s Agent Fabric. The offering is designed to help enterprises discover and govern APIs, AI agents and MCP servers; more than 20 joint customers are already using the integration. Akamai and MuleSoft Unify Real-Time API Defense and AI Policy Control
• Positive Sentiment: ITV streaming win: ITV selected Akamai TrafficPeak, powered by Hydrolix, to improve real-time monitoring of its ITVX streaming infrastructure during the World Cup. Faster issue detection could help protect service reliability and advertising revenue, although the announcement did not disclose financial terms. ITV Selects Akamai TrafficPeak to Optimize World Cup Streaming
• Positive Sentiment: Favorable investor commentary: Jim Cramer called Akamai “terrific,” while recent conference appearances and commentary kept attention on the company’s faster-growing security and cloud infrastructure operations. Second-quarter security revenue rose 10% year over year and cloud infrastructure revenue increased 39%, according to the supplied analysis. Lightning Round: Akamai is terrific, says Jim Cramer
• Neutral Sentiment: Conference updates: Akamai management appeared at the Citi Global TMT and Goldman Sachs Communacopia + Technology conferences, but the provided entries contain no specific new guidance or material disclosures. Goldman Sachs conference transcript
• Negative Sentiment: Insider selling may weigh on sentiment: The supplied data shows eight insider sales and no purchases during the past six months. This can raise caution among investors, although insider sales do not necessarily indicate a change in business outlook.
• Negative Sentiment: Valuation and profit-taking concerns: Akamai trades at a reported P/E ratio above 38, leaving the stock sensitive to expectations. After its recent advance, investors may be locking in gains while waiting for clearer evidence that cloud and security growth can offset slower legacy delivery operations.

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.