Akamai Technologies (NASDAQ:AKAM) Rating Increased to Hold at Zacks Research

Akamai Technologies (NASDAQ:AKAM) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

AKAM has been the subject of a number of other reports. Raymond James Financial raised their price target on Akamai Technologies from $140.00 to $170.00 in a research note on Monday, May 11th. Morgan Stanley increased their target price on Akamai Technologies from $120.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. lifted their target price on Akamai Technologies from $72.00 to $100.00 in a research report on Friday, May 8th. Citigroup boosted their target price on shares of Akamai Technologies from $110.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, HSBC lifted their price objective on shares of Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.29.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $126.11 on Monday. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 42.46, a PEG ratio of 3.92 and a beta of 0.63. Akamai Technologies has a 12 month low of $69.78 and a 12 month high of $165.45. The firm’s 50-day moving average is $134.78 and its 200 day moving average is $112.30. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.61. Akamai Technologies had a net margin of 10.20% and a return on equity of 12.96%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.400-7.150 EPS and its Q2 2026 guidance at 1.450-1.650 EPS. Research analysts predict that Akamai Technologies will post 3.92 EPS for the current year.

Insider Activity

In other Akamai Technologies 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 transaction of $31,446.63. Following the transaction, the chief technology officer directly owned 31,006 shares in the company, valued at $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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the transaction, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Akamai Technologies

Several hedge funds have recently modified their holdings of the business. JFS Wealth Advisors LLC raised its position in shares of Akamai Technologies by 626.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 305 shares of the technology infrastructure company’s stock worth $27,000 after acquiring an additional 263 shares in the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Akamai Technologies during the fourth quarter valued at about $31,000. Root Financial Partners LLC grew its stake 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 valued at $31,000 after purchasing an additional 110 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Akamai Technologies in the second quarter valued at about $32,000. Finally, WealthCollab LLC raised its holdings in Akamai Technologies by 154.2% in the fourth quarter. WealthCollab LLC now owns 394 shares of the technology infrastructure company’s stock worth $34,000 after purchasing an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.