Scotiabank Forecasts Weaker Earnings for Akamai Technologies

Akamai Technologies, Inc. (NASDAQ:AKAM) – Investment analysts at Scotiabank cut their FY2026 earnings estimates for Akamai Technologies in a research report issued on Wednesday, November 11th. Scotiabank analyst P. Colville now expects that the technology infrastructure company will earn $3.47 per share for the year, down from their prior forecast of $3.55. Scotiabank currently has a “Sector Outperform” rating and a $120.00 target price on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $3.58 per share.

Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Thursday, November 5th. The technology infrastructure company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.67 by $0.10. Akamai Technologies had a return on equity of 10.88% and a net margin of 8.84%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.86 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Akamai Technologies has set its FY 2026 guidance at 6.470-6.680 EPS and its Q4 2026 guidance at 1.500-1.700 EPS.

Several other equities research analysts have also recently commented on the company. FBN Securities reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Akamai Technologies in a research report on Friday, November 6th. President Capital boosted their target price on Akamai Technologies from $150.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Bank of America upped their target price on shares of Akamai Technologies from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 25th. Evercore downgraded shares of Akamai Technologies from an “outperform” rating to an “in-line” rating and dropped their price target for the company from $150.00 to $90.00 in a report on Tuesday. Finally, Raymond James Financial upgraded shares of Akamai Technologies from an “outperform” rating to a “strong-buy” rating and set a $170.00 price objective on the stock in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $135.09.

Akamai Technologies Stock Down 0.1%

AKAM stock opened at $86.56 on Friday. Akamai Technologies has a 1-year low of $77.37 and a 1-year high of $165.45. The business has a fifty day moving average price of $99.75 and a 200-day moving average price of $112.00. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.13 and a quick ratio of 1.64. The stock has a market capitalization of $12.48 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.99 and a beta of 0.65.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Mani Sundaram sold 7,022 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $125.62, for a total value of $882,103.64. Following the transaction, the executive vice president owned 14,625 shares of the company’s stock, valued at approximately $1,837,192.50. This represents a 32.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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. Also, EVP Kim Salem-Jackson sold 2,013 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $128.00, for a total transaction of $257,664.00. Following the completion of the transaction, the executive vice president directly owned 57,197 shares in the company, valued at approximately $7,321,216. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,135 shares of company stock worth $1,467,221. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in shares of Akamai Technologies by 503.6% in the first quarter. Empowered Funds LLC now owns 42,831 shares of the technology infrastructure company’s stock worth $4,919,000 after acquiring an additional 35,735 shares during the period. QRG Capital Management Inc. raised its stake 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. TimesSquare Capital Management LLC bought a new stake in Akamai Technologies during the 2nd quarter valued at approximately $27,250,000. PNC Financial Services Group Inc. lifted its holdings in Akamai Technologies by 59.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 40,593 shares of the technology infrastructure company’s stock worth $4,662,000 after purchasing an additional 15,091 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in Akamai Technologies in the 2nd quarter worth approximately $9,737,000. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

Akamai Technologies is a technology company that provides cloud computing, cybersecurity and content delivery services. Its distributed platform helps businesses deliver digital content and applications, protect online operations and run workloads closer to users and devices. The company’s offerings include web and application performance services, protection against cyberattacks, application and API security, and cloud infrastructure through Akamai Connected Cloud. Its services support organizations seeking to improve the speed, availability and security of their websites, applications and online services.