Q3 EPS Estimate for Akamai Technologies Reduced by Analyst

Akamai Technologies, Inc. (NASDAQ:AKAM - Free Report) - Equities research analysts at Zacks Research decreased their Q3 2026 earnings estimates for shares of Akamai Technologies in a research note issued 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 previous estimate of $0.93. The consensus estimate for Akamai Technologies' current full-year earnings is $4.60 per share.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reduced their price target on shares of Akamai Technologies from $100.00 to $90.00 and set a "sector perform" rating for the company in a research report on Friday, February 21st. TD Cowen cut shares of Akamai Technologies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $125.00 to $98.00 in a report on Friday, February 21st. Piper Sandler reaffirmed a "neutral" rating and issued a $88.00 price target (up from $80.00) on shares of Akamai Technologies in a report on Friday, May 9th. JPMorgan Chase & Co. cut their price target on Akamai Technologies from $76.00 to $72.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, Craig Hallum lowered Akamai Technologies from a "buy" rating to a "hold" rating and set a $90.00 price objective for the company. in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.26.

Akamai Technologies Stock Performance

Shares of Akamai Technologies stock traded up $0.92 on Monday, reaching $77.09. 2,046,266 shares of the stock were exchanged, compared to its average volume of 2,004,426. The business has a 50 day moving average price of $77.24 and a two-hundred day moving average price of $87.00. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.74 and a beta of 0.82. Akamai Technologies has a twelve month low of $67.51 and a twelve 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.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Akamai Technologies by 2.3% during the first quarter. Vanguard Group Inc. now owns 18,673,358 shares of the technology infrastructure company's stock worth $1,503,205,000 after purchasing an additional 425,461 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Akamai Technologies by 15.6% in the 4th 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 stake in shares of Akamai Technologies during the 4th quarter worth approximately $477,454,000. Edmond DE Rothschild Holding S.A. raised its position in shares of Akamai Technologies by 6.9% during the 1st 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 holdings 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 acquiring an additional 56,411 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company's stock.

Insider Activity

In other news, EVP Mani Sundaram sold 10,683 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $86.52, for a total transaction of $924,293.16. Following the transaction, the executive vice president now directly owns 23,988 shares in the company, valued at $2,075,441.76. The trade was a 30.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kim Salem-Jackson sold 13,157 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $76.33, for a total value of $1,004,273.81. Following the completion of the sale, the executive vice president now directly owns 43,575 shares of the company's stock, valued at approximately $3,326,079.75. This represents a 23.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,047 shares of company stock worth $3,473,559 over the last three months. Insiders own 2.00% of the company's stock.

About Akamai Technologies

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.