Akamai Technologies (NASDAQ:AKAM) Releases Q3 2026 Earnings Guidance

Key Points

• Akamai raised or updated its Q3 2026 outlook, projecting EPS of $1.60–$1.80 versus analysts’ $1.56 consensus, while revenue guidance was approximately $1.1 billion. Full-year 2026 EPS guidance is $6.40–$7.05.
• The stock fell $3.72 to $118.55 during Thursday trading. Analysts’ consensus rating remains “Hold”, with an average price target of $145.29, despite several firms recently raising their targets.
• Akamai’s latest quarter met expectations with $1.61 EPS and $1.07 billion in revenue, up 5.8% year over year. Institutional investors own 94.28% of the company, while insiders recently reported stock sales under pre-arranged trading plans.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.600-1.800 for the period, compared to the consensus earnings per share estimate of 1.560. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion. Akamai Technologies also updated its FY 2026 guidance to 6.400-7.050 EPS.

Analyst Upgrades and Downgrades

AKAM has been the subject of several research reports. Scotiabank lifted their target price on Akamai Technologies from $120.00 to $180.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 8th. Morgan Stanley upped their price target on Akamai Technologies from $120.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, May 14th. Piper Sandler restated a "neutral" rating and set a $156.00 price objective (up from $114.00) on shares of Akamai Technologies in a research note on Friday, May 8th. HSBC lifted their price objective on shares of Akamai Technologies from $134.00 to $171.00 in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Akamai Technologies in a research note on Wednesday, June 24th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $145.29.

Akamai Technologies Stock Performance

AKAM stock traded down $3.72 during midday trading on Thursday, reaching $118.55. The company had a trading volume of 5,461,138 shares, compared to its average volume of 4,704,678. The firm has a market capitalization of $17.24 billion, a PE ratio of 39.92, a P/E/G ratio of 5.23 and a beta of 0.63. The stock has a 50 day moving average price of $126.04 and a 200 day moving average price of $115.65. Akamai Technologies has a fifty-two week low of $69.78 and a fifty-two week high of $165.45. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.84.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology infrastructure company reported $1.61 earnings per share for the quarter, hitting analysts' consensus estimates of $1.61. Akamai Technologies had a return on equity of 12.96% and a net margin of 10.20%.The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the prior year, the firm earned $1.70 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. Analysts anticipate that Akamai Technologies will post 3.91 earnings per share for the current year.

Insiders Place Their Bets

In other Akamai Technologies news, EVP Kim Salem-Jackson sold 2,300 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $135.57, for a total value of $311,811.00. Following the sale, the executive vice president directly owned 59,210 shares in the company, valued at approximately $8,027,099.70. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Robert Blumofe sold 243 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $4,012,486.46. This trade represents a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Akamai Technologies

Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC grew its position in Akamai Technologies by 101.4% in the 4th quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company's stock valued at $384,000 after buying an additional 2,022 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Akamai Technologies by 73.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 785 shares of the technology infrastructure company's stock worth $68,000 after buying an additional 332 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Akamai Technologies during the 4th quarter worth about $56,000. CIBC Private Wealth Group LLC lifted its stake in shares of Akamai Technologies by 91.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,049 shares of the technology infrastructure company's stock worth $79,000 after acquiring an additional 500 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Akamai Technologies in the third quarter valued at approximately $105,000. 94.28% of the stock is currently owned by institutional investors.

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.

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