Zacks Research Issues Pessimistic Estimate for AKAM Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Stock analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for Akamai Technologies in a note issued to investors on Thursday, May 29th. Zacks Research analyst A. Chatterjee now forecasts 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.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results on Thursday, May 8th. The technology infrastructure company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. Akamai Technologies had a return on equity of 14.35% and a net margin of 12.65%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Akamai Technologies’s revenue for the quarter was up 2.9% compared to the same quarter last year.

AKAM has been the topic of a number of other research reports. UBS Group lifted their target price on Akamai Technologies from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 target price (up previously from $80.00) on shares of Akamai Technologies in a research report on Friday, May 9th. Morgan Stanley decreased their target price on Akamai Technologies from $102.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Oppenheimer assumed coverage on Akamai Technologies in a research report on Thursday, March 20th. They issued an “outperform” rating and a $100.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.26.

Akamai Technologies Stock Performance

Akamai Technologies stock opened at $77.09 on Monday. Akamai Technologies has a 12-month low of $67.51 and a 12-month high of $106.80. The company has a quick ratio of 1.33, a current ratio of 1.23 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $77.15 and its two-hundred day moving average price is $86.93. The stock has a market cap of $11.27 billion, a PE ratio of 23.65, a P/E/G ratio of 2.74 and a beta of 0.82.

Institutional Trading of Akamai Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Akamai Technologies by 2.3% in the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company’s stock valued at $1,503,205,000 after acquiring an additional 425,461 shares during the last quarter. First Trust Advisors LP lifted its stake in Akamai Technologies by 15.6% in the fourth quarter. First Trust Advisors LP now owns 5,116,398 shares of the technology infrastructure company’s stock valued at $489,383,000 after buying an additional 690,341 shares during the period. Norges Bank acquired a new position in Akamai Technologies in the fourth quarter valued at approximately $477,454,000. Edmond DE Rothschild Holding S.A. lifted its stake in Akamai Technologies by 6.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,484,661 shares of the technology infrastructure company’s stock valued at $200,015,000 after buying an additional 160,665 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Akamai Technologies by 2.3% in the first quarter. Mackenzie Financial Corp now owns 2,483,991 shares of the technology infrastructure company’s stock valued at $199,961,000 after buying an additional 56,411 shares during the period. 94.28% of the stock is currently owned by institutional investors.

Insider Activity at Akamai Technologies

In related news, EVP Kim Salem-Jackson sold 13,157 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $76.33, for a total value of $1,004,273.81. Following the sale, the executive vice president now directly owns 43,575 shares in the company, valued at $3,326,079.75. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mani Sundaram sold 10,683 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $86.52, for a total value of $924,293.16. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,047 shares of company stock worth $3,473,559 over the last ninety days. 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.