Akamai Technologies (NASDAQ:AKAM) Earns Sector Perform Rating from Royal Bank Of Canada

Akamai Technologies (NASDAQ:AKAM)‘s stock had its “sector perform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $135.00 target price on the technology infrastructure company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 21.08% from the stock’s previous close.

AKAM has been the subject of a number of other reports. Zacks Research upgraded shares of Akamai Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Piper Sandler raised shares of Akamai Technologies from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $140.00 to $125.00 in a research note on Tuesday, September 1st. Citigroup decreased their target price on shares of Akamai Technologies from $160.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a research note on Monday, September 21st. Finally, Bank of America lifted their target price on shares of Akamai Technologies from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. Thirteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $149.29.

Akamai Technologies Trading Down 2.1%

Shares of AKAM opened at $111.50 on Friday. The firm has a market cap of $16.02 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 5.28 and a beta of 0.63. 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 50 day moving average price of $112.98 and a 200-day moving average price of $118.84.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, August 6th. The technology infrastructure company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous 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. As a group, equities research analysts forecast that Akamai Technologies will post 3.63 earnings per share for the current year.

Insider Transactions at Akamai Technologies

In other Akamai Technologies news, EVP Paul Joseph sold 3,100 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $105.63, for a total transaction of $327,453.00. Following the transaction, the executive vice president directly 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 position. The sale was disclosed in a document filed 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. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AKAM. QRG Capital Management Inc. increased its position in Akamai Technologies by 1,716.7% during the 2nd quarter. QRG Capital Management Inc. now owns 32,610 shares of the technology infrastructure company’s stock valued at $3,855,000 after purchasing an additional 30,815 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Akamai Technologies by 114.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,073 shares of the technology infrastructure company’s stock valued at $718,000 after purchasing an additional 3,244 shares during the period. Sequoia Financial Advisors LLC increased its position in Akamai Technologies by 263.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 98,149 shares of the technology infrastructure company’s stock valued at $11,602,000 after purchasing an additional 71,147 shares during the period. Tidal Investments LLC increased its position in Akamai Technologies by 328.9% during the 2nd quarter. Tidal Investments LLC now owns 181,197 shares of the technology infrastructure company’s stock valued at $21,419,000 after purchasing an additional 138,950 shares during the period. Finally, Capital Analysts LLC increased its position in Akamai Technologies by 71.0% during the 2nd quarter. Capital Analysts LLC now owns 2,957 shares of the technology infrastructure company’s stock valued at $350,000 after purchasing an additional 1,228 shares during the period. 94.28% of the stock is owned by hedge funds and other institutional investors.

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.