Akamai Technologies (NASDAQ:AKAM) Trading 10.3% Higher - Here's What Happened

Key Points

• Akamai stock jumped 10.3% to about $116.65 on Tuesday following the company's latest report.
• The company beat quarterly estimates with $1.84 EPS (vs. $1.75 expected) and $1.09B revenue (vs. $1.08B), and set FY 2026 guidance of 6.20–7.20 EPS (Q1 2026: 1.50–1.67).
• Several analysts lifted price targets (e.g., Morgan Stanley to $120, UBS to $110) but the consensus rating remains Hold with an average target of $112.37 (9 Buy, 10 Hold, 2 Sell).

Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) traded up 10.3% on Tuesday . The stock traded as high as $116.33 and last traded at $116.6470. 3,415,997 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 4,485,829 shares. The stock had previously closed at $105.78.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price objective on Akamai Technologies from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, February 20th. Craig Hallum raised their target price on Akamai Technologies from $90.00 to $100.00 and gave the company a "hold" rating in a report on Friday, February 20th. UBS Group raised their target price on Akamai Technologies from $90.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Royal Bank Of Canada raised their target price on Akamai Technologies from $90.00 to $100.00 and gave the company a "sector perform" rating in a report on Friday, February 20th. Finally, The Goldman Sachs Group raised their target price on Akamai Technologies from $69.00 to $76.00 and gave the company a "sell" rating in a report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Akamai Technologies currently has an average rating of "Hold" and a consensus price target of $112.37.

Akamai Technologies Stock Up 11.5%

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a fifty day simple moving average of $104.16 and a 200-day simple moving average of $93.88. The company has a market capitalization of $17.10 billion, a PE ratio of 38.29, a P/E/G ratio of 3.57 and a beta of 0.45.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The technology infrastructure company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.09. Akamai Technologies had a return on equity of 13.86% and a net margin of 10.74%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $1.66 EPS. Akamai Technologies's revenue for the quarter was up 7.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.200-7.200 EPS and its Q1 2026 guidance at 1.500-1.670 EPS. Equities research analysts anticipate that Akamai Technologies, Inc. will post 4.17 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 1,722 shares of Akamai Technologies stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $98.58, for a total transaction of $169,754.76. Following the sale, the executive vice president directly owned 21,647 shares in the company, valued at $2,133,961.26. The trade was a 7.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Laura Howell sold 11,273 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total value of $1,128,878.22. Following the sale, the chief accounting officer owned 12,559 shares in the company, valued at $1,257,658.26. This represents a 47.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,454 shares of company stock worth $5,889,371 over the last ninety days. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors have recently made changes to their positions in the company. Rakuten Investment Management Inc. bought a new stake in shares of Akamai Technologies in the 3rd quarter valued at approximately $5,323,000. Fox Run Management L.L.C. increased its holdings in shares of Akamai Technologies by 467.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 19,144 shares of the technology infrastructure company's stock valued at $1,450,000 after acquiring an additional 15,772 shares during the last quarter. National Pension Service increased its holdings in shares of Akamai Technologies by 48.5% in the 3rd quarter. National Pension Service now owns 68,111 shares of the technology infrastructure company's stock valued at $5,160,000 after acquiring an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Akamai Technologies by 42.4% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 251,322 shares of the technology infrastructure company's stock valued at $19,040,000 after purchasing an additional 74,791 shares during the period. Finally, Nordea Investment Management AB boosted its position in Akamai Technologies by 39.9% during the 3rd quarter. Nordea Investment Management AB now owns 3,437,472 shares of the technology infrastructure company's stock valued at $258,739,000 after purchasing an additional 980,966 shares during the period. 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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