Scotiabank Lowers Earnings Estimates for Akamai Technologies

Akamai Technologies, Inc. (NASDAQ:AKAM) – Stock analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for Akamai Technologies in a research report issued on Wednesday, August 19th. Scotiabank analyst P. Colville now anticipates that the technology infrastructure company will post earnings per share of $3.63 for the year, down from their prior estimate of $3.97. Scotiabank has a “Sector Outperform” rating and a $180.00 price objective on the stock. The consensus estimate for Akamai Technologies’ current full-year earnings is $3.67 per share. Scotiabank also issued estimates for Akamai Technologies’ FY2027 earnings at $3.82 EPS.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings results 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Akamai Technologies had a net margin of 9.51% and a return on equity of 11.32%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company 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.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Akamai Technologies in a report on Wednesday, June 24th. The Goldman Sachs Group boosted their price target on Akamai Technologies from $76.00 to $87.00 and gave the stock a “sell” rating in a research note on Friday, May 8th. Citigroup upped their price target on Akamai Technologies from $110.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. TD Cowen raised their price objective on Akamai Technologies from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 7th. Finally, Raymond James Financial lifted their price objective on Akamai Technologies from $140.00 to $170.00 in a report on Monday, May 11th. Twelve analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of “Hold” and an average target price of $144.14.

Akamai Technologies Stock Down 4.3%

AKAM stock opened at $105.66 on Monday. The company has a market cap of $15.19 billion, a P/E ratio of 38.01, a P/E/G ratio of 5.07 and a beta of 0.63. Akamai Technologies has a 52 week low of $70.82 and a 52 week high of $165.45. The company’s 50-day moving average price is $118.60 and its 200 day moving average price is $117.50. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.23.

Institutional Investors Weigh In On Akamai Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Akamai Technologies by 101.4% in the fourth quarter. Brighton Jones LLC now owns 4,016 shares of the technology infrastructure company’s stock worth $384,000 after acquiring an additional 2,022 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Akamai Technologies by 35.2% during the first quarter. Jones Financial Companies Lllp now owns 1,087 shares of the technology infrastructure company’s stock valued at $88,000 after acquiring an additional 283 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Akamai Technologies during the first quarter valued at $266,000. Empowered Funds LLC increased its position in Akamai Technologies by 73.0% during the 1st quarter. Empowered Funds LLC now owns 7,134 shares of the technology infrastructure company’s stock worth $574,000 after purchasing an additional 3,010 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Akamai Technologies by 152.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,163 shares of the technology infrastructure company’s stock worth $93,000 after purchasing an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Insider Activity

In other Akamai Technologies news, CTO Robert Blumofe sold 243 shares of Akamai Technologies stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $129.41, for a total transaction of $31,446.63. Following the completion of the transaction, the chief technology officer owned 31,006 shares in the company, valued at approximately $4,012,486.46. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kim Salem-Jackson sold 2,300 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $135.57, for a total transaction of $311,811.00. Following the completion of the sale, the executive vice president directly owned 59,210 shares in the company, valued at $8,027,099.70. This trade represents a 3.74% 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. Company insiders own 2.30% of the company’s stock.

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.