Zacks Research Has Bearish Forecast for AKAM FY2028 Earnings

Akamai Technologies, Inc. (NASDAQ:AKAM) – Research analysts at Zacks Research dropped their FY2028 earnings estimates for Akamai Technologies in a report issued on Friday, April 17th. Zacks Research analyst Team now expects that the technology infrastructure company will post earnings per share of $5.38 for the year, down from their prior forecast of $5.39. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.18 per share.

A number of other research analysts have also recently issued reports on AKAM. Evercore initiated coverage on shares of Akamai Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $130.00 target price for the company. Susquehanna lifted their target price on shares of Akamai Technologies from $105.00 to $120.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Robert W. Baird reiterated a “neutral” rating and issued a $110.00 target price on shares of Akamai Technologies in a research note on Thursday, April 2nd. UBS Group lifted their target price on shares of Akamai Technologies from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Citigroup lifted their target price on shares of Akamai Technologies from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Akamai Technologies currently has an average rating of “Hold” and a consensus price target of $111.58.

Akamai Technologies Stock Performance

NASDAQ:AKAM opened at $98.08 on Monday. Akamai Technologies has a 1 year low of $69.78 and a 1 year high of $121.12. The firm has a 50 day moving average of $105.51 and a 200-day moving average of $92.80. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $14.22 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Thursday, February 19th. The technology infrastructure company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.09. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Akamai Technologies had a net margin of 10.74% and a return on equity of 13.86%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. 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.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new position in Akamai Technologies in the 3rd quarter valued at about $5,323,000. Fox Run Management L.L.C. grew its stake in 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 buying an additional 15,772 shares during the last quarter. National Pension Service grew its stake in 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 buying an additional 22,242 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Akamai Technologies by 42.4% in 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 buying an additional 74,791 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Akamai Technologies by 39.9% in 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 buying an additional 980,966 shares during the last quarter. 94.28% of the stock is owned by institutional investors.

Insider Activity

In other Akamai Technologies news, Director Jon Miller sold 11,000 shares of Akamai Technologies stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $102.67, for a total transaction of $1,129,370.00. Following the completion of the sale, the director owned 22,806 shares of the company’s stock, valued at approximately $2,341,492.02. The trade was a 32.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Laura Howell sold 11,273 shares of Akamai Technologies stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $100.14, for a total transaction of $1,128,878.22. Following the sale, the chief accounting officer directly owned 12,559 shares of the company’s stock, valued at $1,257,658.26. This represents a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 60,954 shares of company stock worth $6,228,871. Corporate insiders own 2.30% of the company’s stock.

Key Headlines Impacting Akamai Technologies

Here are the key news stories impacting Akamai Technologies this week:

• Neutral Sentiment: Zacks notes Akamai’s shares rose despite broader market weakness in the latest trading session — a reminder that short-term price moves can diverge from analyst estimate chatter. Akamai Zacks Price Article
• Negative Sentiment: Zacks Research issued a series of small downward revisions to Akamai’s EPS: trims to Q2–Q4 2026 and Q1–Q4 2027 quarter estimates and cuts to FY2026 (to $4.21 from $4.25) and FY2027 (to $4.66 from $4.67). These are modest single?cent to few?cent adjustments but reflect slightly softer near?term profit expectations that can pressure the stock multiple if others follow suit. Zacks Pessimistic View (AmericanBankingNews)

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.