Q1 2025 EPS Estimates for Akamai Technologies, Inc. (NASDAQ:AKAM) Raised by Zacks Research

Akamai Technologies, Inc. (NASDAQ:AKAM) – Equities research analysts at Zacks Research raised their Q1 2025 earnings estimates for shares of Akamai Technologies in a research report issued on Thursday, August 29th. Zacks Research analyst A. Chatterjee now forecasts that the technology infrastructure company will earn $1.19 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for Akamai Technologies’ current full-year earnings is $4.41 per share. Zacks Research also issued estimates for Akamai Technologies’ Q2 2025 earnings at $1.15 EPS.

Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Thursday, August 8th. The technology infrastructure company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Akamai Technologies had a net margin of 16.01% and a return on equity of 14.78%. The firm had revenue of $979.60 million for the quarter, compared to analyst estimates of $977.67 million. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue was up 4.7% compared to the same quarter last year.

A number of other research analysts have also issued reports on AKAM. Craig Hallum upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $125.00 in a research report on Friday, August 9th. HSBC upgraded shares of Akamai Technologies from a “reduce” rating to a “hold” rating and set a $96.00 price target on the stock in a research report on Wednesday, July 24th. Raymond James reduced their price target on shares of Akamai Technologies from $138.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, May 10th. Needham & Company LLC reiterated a “hold” rating on shares of Akamai Technologies in a research report on Friday, August 9th. Finally, StockNews.com lowered shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Akamai Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.47.

Akamai Technologies Stock Performance

Shares of NASDAQ:AKAM opened at $99.96 on Monday. The company’s 50 day moving average price is $96.44 and its two-hundred day moving average price is $99.29. Akamai Technologies has a 12-month low of $87.59 and a 12-month high of $129.17. The firm has a market cap of $15.23 billion, a PE ratio of 24.87, a PEG ratio of 3.27 and a beta of 0.67. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.50.

Akamai Technologies declared that its Board of Directors has authorized a share repurchase program on Thursday, May 9th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology infrastructure company to buy up to 13.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Akamai Technologies

In other news, CTO Robert Blumofe sold 2,500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $100.69, for a total transaction of $251,725.00. Following the completion of the transaction, the chief technology officer now owns 22,010 shares of the company’s stock, valued at $2,216,186.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William Raymond Wagner sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $100.73, for a total transaction of $100,730.00. Following the completion of the transaction, the director now owns 16,719 shares of the company’s stock, valued at $1,684,104.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Robert Blumofe sold 2,500 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $100.69, for a total transaction of $251,725.00. Following the transaction, the chief technology officer now directly owns 22,010 shares of the company’s stock, valued at approximately $2,216,186.90. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $617,475 in the last quarter. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc raised its stake in Akamai Technologies by 170.8% during the second quarter. Versant Capital Management Inc now owns 306 shares of the technology infrastructure company’s stock worth $28,000 after buying an additional 193 shares during the last quarter. Innealta Capital LLC bought a new position in Akamai Technologies during the second quarter worth $28,000. EntryPoint Capital LLC bought a new position in Akamai Technologies during the first quarter worth $31,000. Family Firm Inc. bought a new position in Akamai Technologies during the second quarter worth $35,000. Finally, Covestor Ltd raised its stake in Akamai Technologies by 224.6% during the first quarter. Covestor Ltd now owns 448 shares of the technology infrastructure company’s stock worth $48,000 after buying an additional 310 shares during the last quarter. Institutional investors own 94.28% of the company’s stock.

Akamai Technologies Company Profile

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.