Dernières nouvelles pour Akamai Techs (NASDAQ:AKAM) Stock

Akamai Techs

Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.

Akamai Technologies

Akamai Technologies Inc

AKAMAI TECHNOLOGIES ORD

News

Guidance

AKAM

Akamai Techs Sees FY24 Adj. EPS $6.31-$6.38 Vs $6.43 Est.; Revenue $3.966B-$3.991B Vs $3.995B Est.

Akamai Techs Sees Q4 Adj. EPS $1.49; Revenue $995M-$1.020B

Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) reported quarterly earnings of $1.59 per share which met the analyst consensus estimate. The company reported quarterly sales of $1.005 billion which beat the analyst consensus estimate of $998.980 million by 0.60 percent. This is a 4.09 percent increase over sales of $965.484 million the same period last year.

Earnings

Earnings Beats

Akamai Techs Q3 2024 Adj. EPS $1.59, Inline, Sales $1.005B Beat $998.980M Estimate

WIIM

APLD

ARBB

ASGN

ATGL

BIGC

Core Scientific, Inc. - Class A Common Stock

CORZ

CTSH

DOCN

EPAM

GDDY

INFY

OKTA

ORKT

SHOP

VRSN

Shares of IT services companies are trading higher after Donald Trump won the 2024 presidential election.

Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Akamai Techs to report an earnings per share (EPS) of $1.59.
The announcement from Akamai Techs is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.05, which was followed by a 10.86% increase in the share price the next day.
Here's a look at Akamai Techs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.53</td>
<td>1.61</td>
<td>1.60</td>
<td>1.50</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.58</td>
<td>1.64</td>
<td>1.69</td>
<td>1.63</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>-11.0%</td>
<td>-8.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730901717_0.png" alt="eps graph" />
<h3>Market Performance of Akamai Techs's Stock</h3>
Shares of Akamai Techs were trading at $100.96 as of November 05. Over the last 52-week period, shares are down 8.04%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Views on Akamai Techs</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Akamai Techs.
The consensus rating for Akamai Techs is Buy, based on 8 analyst ratings. With an average one-year price target of $118.25, there's a potential 17.13% upside.
<h3>Understanding Analyst Ratings Among Peers</h3>
In this analysis, we delve into the analyst ratings and average 1-year price targets of Twilio, Okta and MongoDB, three key industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Neutral trajectory for Twilio, with an average 1-year price target of $83.05, suggesting a potential 17.74% downside.</li>
<li>Okta is maintaining an Neutral status according to analysts, with an average 1-year price target of $100.03, indicating a potential 0.92% downside.</li>
<li>MongoDB is maintaining an Buy status according to analysts, with an average 1-year price target of $335.88, indicating a potential 232.69% upside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
Within the peer analysis summary, vital metrics for Twilio, Okta and MongoDB are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Akamai Techs</td>
<td>Buy</td>
<td>4.69%</td>
<td>$576.69M</td>
<td>2.81%</td>
</tr>
<tr>
<td>Twilio</td>
<td>Neutral</td>
<td>9.67%</td>
<td>$578.63M</td>
<td>-0.11%</td>
</tr>
<tr>
<td>Okta</td>
<td>Neutral</td>
<td>16.19%</td>
<td>$491M</td>
<td>0.48%</td>
</tr>
<tr>
<td>MongoDB</td>
<td>Buy</td>
<td>12.82%</td>
<td>$349.86M</td>
<td>-4.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Akamai Techs ranks at the top for Revenue Growth and Gross Profit among its peers. It is in the middle for Consensus rating and Return on Equity.
<h3>Discovering Akamai Techs: A Closer Look</h3>
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
<h3>Akamai Techs's Financial Performance</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Akamai Techs showcased positive performance, achieving a revenue growth rate of 4.69% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.44%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Akamai Techs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.32%, the company showcases effective utilization of assets.
Debt Management: Akamai Techs's debt-to-equity ratio is below the industry average at 0.97, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/AKAM/earnings">To track all earnings releases for Akamai Techs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look Ahead: Akamai Techs's Earnings Forecast

Akamai Enters Collaboration With Kyndryl To Deliver Micro-segmentation Implementation Services With Akamai Guardicore Segmentation

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$118.00</td>
<td>$37.1K</td>
<td>28.6K</td>
<td>71.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$210.00</td>
<td>$74.5K</td>
<td>6.0K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$440.00</td>
<td>$28.1K</td>
<td>1.4K</td>
<td>3.1K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$25.2K</td>
<td>10.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$160.00</td>
<td>$43.4K</td>
<td>7.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$90.00</td>
<td>$70.0K</td>
<td>1.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$20.00</td>
<td>$77.5K</td>
<td>10.6K</td>
<td>660</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$185.00</td>
<td>$27.6K</td>
<td>280</td>
<td>465</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$185.00</td>
<td>$26.8K</td>
<td>286</td>
<td>370</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$91.00</td>
<td>$99.2K</td>
<td>105</td>
<td>335</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on September 20, 2024. Parties traded 217 contract(s) at a $118.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $171.0 per contract. There were 28609 open contracts at this strike prior to today, and today 71389 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 10 day(s) on September 27, 2024. Parties traded 500 contract(s) at a $210.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $74.5K, with a price of $149.0 per contract. There were 6098 open contracts at this strike prior to today, and today 6182 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be neutral, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 20 contract(s) at a $440.00 strike. The total cost received by the writing party (or parties) was $28.1K, with a price of $1405.0 per contract. There were 1446 open contracts at this strike prior to today, and today 3178 contract(s) were bought and sold. 
• Regarding CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we observe a call option trade with bullish sentiment. It expires in 94 day(s) on December 20, 2024. Parties traded 336 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $75.0 per contract. There were 10068 open contracts at this strike prior to today, and today 1493 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on September 20, 2024. This event was a transfer of 56 contract(s) at a $160.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $775.0 per contract. There were 7490 open contracts at this strike prior to today, and today 1169 contract(s) were bought and sold. 
• Regarding AKAM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), we observe a put option trade with neutral sentiment. It expires in 31 day(s) on October 18, 2024. Parties traded 1000 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $70.0K, with a price of $70.0 per contract. There were 1598 open contracts at this strike prior to today, and today 1011 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option trade with bearish sentiment. It expires in 822 day(s) on December 18, 2026. Parties traded 100 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $77.5K, with a price of $775.0 per contract. There were 10639 open contracts at this strike prior to today, and today 660 contract(s) were bought and sold. 
• For IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we notice a call option trade that happens to be bullish, expiring in 185 day(s) on March 21, 2025. This event was a transfer of 8 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $3460.0 per contract. There were 280 open contracts at this strike prior to today, and today 465 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be bullish, expiring in 367 day(s) on September 19, 2025. This event was a transfer of 23 contract(s) at a $185.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $1160.0 per contract. There were 286 open contracts at this strike prior to today, and today 370 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option trade with bullish sentiment. It expires in 10 day(s) on September 27, 2024. Parties traded 155 contract(s) at a $91.00 strike. The total cost received by the writing party (or parties) was $99.2K, with a price of $640.0 per contract. There were 105 open contracts at this strike prior to today, and today 335 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

CRWD

INTC

NVDA

ORCL

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

12 analysts have shared their evaluations of Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Akamai Techs and provided 12-month price targets. The average target is $116.0, accompanied by a high estimate of $140.00 and a low estimate of $96.00. Surpassing the previous average price target of $113.89, the current average has increased by 1.85%.
<img src="https://www.benzinga.com/files/images/story/2024/1724965220_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Akamai Techs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Maintains</td>
<td>Strong Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Michael Elias</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$131.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Jeff Van Rhee</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$128.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$96.00</td>
<td>-</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$112.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$110.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Akamai Techs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Akamai Techs compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Akamai Techs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Akamai Techs's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AKAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Akamai Techs analyst ratings.</a>
<h2>Delving into Akamai Techs's Background</h2>
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
<h3>Akamai Techs: A Financial Overview</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Akamai Techs displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 4.69%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Akamai Techs's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.44%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Akamai Techs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.81%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.32%, the company showcases effective utilization of assets.
Debt Management: Akamai Techs's debt-to-equity ratio is below the industry average. With a ratio of 0.97, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Cracking The Code: Understanding Analyst Reviews For Akamai Techs

Tigress Financial analyst Ivan Feinseth maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Strong Buy and maintains $140 price target.

Price Target

Tigress Financial Maintains Strong Buy on Akamai Techs, Maintains $140 Price Target

Whales with a lot of money to spend have taken a noticeably bearish stance on Akamai Techs.
Looking at options history for Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $219,704 and 8, calls, for a total amount of $638,820.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $115.0 for Akamai Techs, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Akamai Techs stands at 2089.33, with a total volume reaching 1,792.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Akamai Techs, situated within the strike price corridor from $90.0 to $115.0, throughout the last 30 days.
<h3>Akamai Techs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724096731_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.7</td>
<td>$3.5</td>
<td>$3.52</td>
<td>$100.00</td>
<td>$316.8K</td>
<td>5.2K</td>
<td style="text-align: right;">901</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.8</td>
<td>$14.7</td>
<td>$14.7</td>
<td>$115.00</td>
<td>$145.5K</td>
<td>344</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$18.1</td>
<td>$17.8</td>
<td>$17.8</td>
<td>$90.00</td>
<td>$89.0K</td>
<td>93</td>
<td style="text-align: right;">56</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$18.2</td>
<td>$18.1</td>
<td>$18.1</td>
<td>$90.00</td>
<td>$72.4K</td>
<td>93</td>
<td style="text-align: right;">163</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$95.00</td>
<td>$45.6K</td>
<td>1.4K</td>
<td style="text-align: right;">276</td>
</tr>
</tbody>
</table>

<h3>About Akamai Techs</h3>
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
Having examined the options trading patterns of Akamai Techs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Akamai Techs's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 599,130, the AKAM's price is up by 0.66%, now at $101.16. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 78 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Akamai Techs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Markets

This Is What Whales Are Betting On Akamai Techs

Deep-pocketed investors have adopted a bullish approach towards Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AKAM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Akamai Techs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 25% bearish. Among these notable options, 3 are puts, totaling $160,115, and 5 are calls, amounting to $230,160.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 for Akamai Techs during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Akamai Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Akamai Techs's substantial trades, within a strike price spectrum from $90.0 to $100.0 over the preceding 30 days.
<h3>Akamai Techs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723833148_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$10.2</td>
<td>$10.1</td>
<td>$10.2</td>
<td>$100.00</td>
<td>$82.6K</td>
<td>157</td>
<td style="text-align: right;">116</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.4</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$100.00</td>
<td>$71.1K</td>
<td>2.0K</td>
<td style="text-align: right;">225</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.3</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$100.00</td>
<td>$61.3K</td>
<td>2.0K</td>
<td style="text-align: right;">99</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$13.4</td>
<td>$13.1</td>
<td>$13.2</td>
<td>$95.00</td>
<td>$40.9K</td>
<td>1</td>
<td style="text-align: right;">42</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$10.3</td>
<td>$10.0</td>
<td>$10.2</td>
<td>$100.00</td>
<td>$39.7K</td>
<td>157</td>
<td style="text-align: right;">306</td>
</tr>
</tbody>
</table>

<h3>About Akamai Techs</h3>
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
<h3>Where Is Akamai Techs Standing Right Now?</h3>
<ul>
<li>With a trading volume of 503,228, the price of AKAM is down by -0.06%, reaching $100.8.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 81 days from now.</li>
</ul>
<h3>What The Experts Say On Akamai Techs</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $116.6.
<ul>
<li>In a positive move, an analyst from Guggenheim has upgraded their rating to Buy and adjusted the price target to $128. </li>
<li>Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $100.</li>
<li>Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on Akamai Techs with a target price of $115. </li>
<li>Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on Akamai Techs with a target price of $115. </li>
<li>Showing optimism, an analyst from Craig-Hallum upgrades its rating to Buy with a revised price target of $125. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Akamai Techs options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Akamai Techs's Options Market Dynamics

RBC Capital analyst Rishi Jaluria reiterates Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Sector Perform and maintains $100 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Akamai Techs, Maintains $100 Price Target

Trading Ideas

BABA

SNOW

SOFI

Soros Fund Management Q2 2024 13F Added Positions Include 2.46M ChampionX Shares, 1.03M Alibaba Shares, 1.28M JD.com Shares, 900K NextEra Energy Shares, 55K Humana Shares, 25K Snowflake Shares, 24.9K Super Micro Computer Shares, 42K Texas Instruments Shares, 26.7K Akamai Shares, And 300K SoFi Shares

Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) underwent analysis by 10 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $115.2, with a high estimate of $131.00 and a low estimate of $96.00. Witnessing a positive shift, the current average has risen by 2.73% from the previous average price target of $112.14.
<img src="https://www.benzinga.com/files/images/story/2024/1723572063_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Akamai Techs's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Michael Elias</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$131.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$115.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Jeff Van Rhee</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$125.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$128.00</td>
<td>-</td>
</tr>
<tr>
<td>Stephen Bersey</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$96.00</td>
<td>-</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$112.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$110.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Akamai Techs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Akamai Techs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Akamai Techs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Akamai Techs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AKAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Akamai Techs analyst ratings.</a>
<h2>Get to Know Akamai Techs Better</h2>
Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
<h3>Akamai Techs's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining Akamai Techs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.69% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Akamai Techs's net margin excels beyond industry benchmarks, reaching 13.44%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.81%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Akamai Techs's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: Akamai Techs's debt-to-equity ratio is below the industry average. With a ratio of 0.97, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Akamai Techs

DA Davidson analyst Rudy Kessinger maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Buy and raises the price target from $115 to $120.

DA Davidson Maintains Buy on Akamai Techs, Raises Price Target to $120

Whales with a lot of money to spend have taken a noticeably bearish stance on Akamai Techs.
Looking at options history for Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $208,980 and 7, calls, for a total amount of $444,290.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $105.0 for Akamai Techs over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Akamai Techs stands at 1654.0, with a total volume reaching 3,047.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Akamai Techs, situated within the strike price corridor from $90.0 to $105.0, throughout the last 30 days.
<h3>Akamai Techs 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723478456_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$9.6</td>
<td>$8.9</td>
<td>$9.3</td>
<td>$105.00</td>
<td>$194.3K</td>
<td>744</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.6</td>
<td>$9.1</td>
<td>$9.4</td>
<td>$105.00</td>
<td>$85.5K</td>
<td>744</td>
<td style="text-align: right;">91</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.5</td>
<td>$9.0</td>
<td>$9.4</td>
<td>$100.00</td>
<td>$45.1K</td>
<td>4.1K</td>
<td style="text-align: right;">165</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.7</td>
<td>$8.5</td>
<td>$8.6</td>
<td>$90.00</td>
<td>$44.7K</td>
<td>98</td>
<td style="text-align: right;">156</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.7</td>
<td>$8.5</td>
<td>$8.6</td>
<td>$90.00</td>
<td>$42.1K</td>
<td>98</td>
<td style="text-align: right;">104</td>
</tr>
</tbody>
</table>

<h3>About Akamai Techs</h3>
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
In light of the recent options history for Akamai Techs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Akamai Techs</h3>
<ul>
<li>With a volume of 589,742, the price of AKAM is down -1.22% at $100.27. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>What Analysts Are Saying About Akamai Techs</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $109.6.
<ul>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Akamai Techs with a target price of $100. </li>
<li>Showing optimism, an analyst from HSBC upgrades its rating to Hold with a revised price target of $96. </li>
<li>Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Akamai Techs, targeting a price of $112. </li>
<li>An analyst from Craig-Hallum upgraded its action to Buy with a price target of $125. </li>
<li>Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on Akamai Techs with a target price of $115. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Akamai Techs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Akamai Techs Options Trading: A Deep Dive into Market Sentiment

Scotiabank analyst Patrick Colville maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Sector Outperform and raises the price target from $110 to $115.

Scotiabank Maintains Sector Outperform on Akamai Techs, Raises Price Target to $115

The S&amp;P 500 index rose 0.4% to close at 5,344 points on Friday, notching its second consecutive day of gains and fully wiping out the weekly losses in what initially appeared to be a sharply <a href="https://www.benzinga.com/markets/equities/24/08/40294123/wall-street-takes-roller-coaster-ride-as-economic-data-shifts-mortgage-rates-decline-trump-press">bearish and volatile week. </a>
On Monday, the S&amp;P 500 opened more than 5% lower than the previous Friday&#8217;s close as recession fears reverberated through the markets. Bulls then regained momentum in the aftermath of a panicked Monday, bolstered by a series of positive catalysts that calmed volatility and alleviated economic fears.
On Wednesday, the dovish stance of the Bank of Japan curbed short-covering flows into the yen, halting the unwinding of the carry trade that was dangerously draining liquidity from riskier assets.
On Thursday, lower-than-expected weekly jobless claims reassured investors that concerns over a rising unemployment rate in July might have been overblown, as temporary factors likely played a role.
The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), rose 0.6% to 18,513 points on Friday, ending the week up 0.4% and snapping a four-week losing streak.
On Thursday, Richmond Fed President Tom Barkin confirmed that fears of labor market layoffs might be exaggerated, noting that his business contacts report neither significant hiring nor firing activity.
Boston Fed President Susan Collins suggested that it may soon be appropriate to start easing monetary policy if economic data continues as she expects.
Interest rate markets now assign a 50-50 probability to either a 25-basis-point or 50-basis-point rate cut in September, according to the CME Group&#8216;s FedWatch tool. This marks a sharp reassessment, as traders had fully priced in the larger rate cut at the beginning of the week amid recession fears.
Friday&#8217;s major gainers in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>)</td>
<td>10.8%</td>
</tr>
<tr>
<td>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</td>
<td>10.2%</td>
</tr>
<tr>
<td>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td>5.6%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>)</td>
<td>4.3%</td>
</tr>
</tbody>
</table>
</figure>
Friday&#8217;s top performing stocks within the Nasdaq 100 index were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>)</td>
<td>12.4%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc.</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc.</td>
<td>4.3%</td>
</tr>
<tr>
<td>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</td>
<td>2.3%</td>
</tr>
<tr>
<td>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</td>
<td>2.0%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40284699/wall-street-shifts-to-bossing-the-fed-into-big-rate-cuts-after-bank-of-japans-polic">Wall Street Shifts To &#8216;Bossing The Fed Into Big Rate Cuts&#8217; After Bank Of Japan&#8217;s Policy U-Turn, Analyst Says</a></li>
</ul>
Illustration generated using artificial intelligence via MidJourney.

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S&P 500 Erases Weekly Losses, Nasdaq 100 Ends 4-Week Slide As Bulls Regain Momentum: Friday's Stock Movers At The Close

RBC Capital analyst Rishi Jaluria maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Sector Perform and raises the price target from $92 to $100.

RBC Capital Maintains Sector Perform on Akamai Techs, Raises Price Target to $100

Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) reported better-than-expected second-quarter<a href="https://www.benzinga.com/quote/akam/earnings"> financial results on Thursday.</a>
Akamai Techs reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.53 per share. The company reported quarterly sales of $979.580 million which beat the analyst consensus estimate of $977.242 million.
&#8220;Akamai delivered solid results in the second quarter highlighted by our strong bottom-line performance and continued strength in our security and cloud computing solutions, which now represent approximately two-thirds of total revenue,&#8221; said Dr. Tom Leighton, Akamai&#8217;s Chief Executive Officer. &#8220;We continue to execute on our strategy of investing in growth areas while remaining committed to driving profitability across the business and returning value to shareholders.&#8221;
Akamai Techs raised its FY24 adjusted EPS guidance from $6.20-6.40 to $6.34-$6.47. The company tightened its FY24 sales guidance from $3.95 billion-$4.02 billion to $3.97 billion -$4.01 billion.
Akamai shares gained 11.1% to trade at $101.70 on Friday.
These analysts made changes to their price targets on Akamai following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62b1d2849c3cd1000113d203/michael-elias">TD Cowen analyst Michael Elias </a>maintained Akamai Techs with a Buy and raised the price target from $129 to $131.</li>
<li>Craig-Hallum analyst Jeff Van Rhee upgraded the stock from Hold to Buy and raised the price target from $110 to $125.</li>
</ul>
Considering buying AKAM stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="532" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09140853/image-68-1024x532.png" alt="" class="wp-image-487545" style="width:491px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09140853/image-68-1024x532.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09140853/image-68-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09140853/image-68-768x399.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09140853/image-68.png 1245w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/08/40285451/jim-cramer-this-energy-stock-is-a-buy-stay-away-from-dexcom">Jim Cramer: This Energy Stock Is A Buy, Stay Away From DexCom</a></li>
</ul>

These Analysts Increase Their Forecasts On Akamai Technologies After Strong Earnings

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Here are the major earnings after the close today

Reports Q3 revenue $1.00B, consensus $998.98M. "Akamai (AKAM) delivered another solid quarter, highlighted by continued momentum in security and cl...

Akamai reports Q3 non-GAAP EPS $1.59, consensus $1.59

Sees Q4 revenue $995M-$1.02B, consensus $1.03B. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

Akamai sees Q4 non-GAAP EPS  $1.49-$1.56, consensus $1.62

Akamai Non-GAAP EPS of $1.59 in-line, revenue of $1B in-line

Sees Q4 revenue $995M-$1.02B, consensus $1.03B. Sees Q4 gross margin 72%-73%. Sees Q4 operating expenses $321M-$327M. Sees Q4 adjusted EBIT margin ...

Akamai sees Q4 EPS $1.49-$1.56, consensus $1.62

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