Akamai Tech downgraded by Craig Hallum with a new price target
$AKAM
Business Services
Consumer Discretionary
Craig Hallum downgraded Akamai Tech from Buy to Hold and set a new price target of $90.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/20/2025 | $116.00 → $100.00 | Outperform | Oppenheimer |
| 2/21/2025 | $90.00 | Buy → Hold | Craig Hallum |
| 2/21/2025 | $112.00 → $100.00 | Overweight → Neutral | Piper Sandler |
| 2/21/2025 | $125.00 → $98.00 | Buy → Hold | TD Cowen |
| 2/21/2025 | $125.00 → $100.00 | Buy → Neutral | BofA Securities |
| 12/16/2024 | $110.00 | Neutral | UBS |
| 12/2/2024 | $120.00 | Perform → Outperform | Oppenheimer |
| 11/11/2024 | $121.00 | Hold → Buy | HSBC Securities |
CAMBRIDGE, Mass., May 14, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM) ("Akamai"), the cybersecurity and cloud computing company that powers and protects business online, today announced that it has priced its private offering of $1.5 billion in aggregate principal amount of convertible senior notes due 2033. The notes will be sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million in aggregate principal amount of notes on the same terms an
CAMBRIDGE, Mass., May 13, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM) ("Akamai"), the cybersecurity and cloud computing company that powers and protects business online, today announced that it proposes to offer, subject to market factors and other conditions, $1.35 billion in aggregate principal amount of convertible senior notes due 2033. The notes are to be sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, Akamai will grant the initial purchasers of the notes an option to purchase up to an additional $202.5 million in aggregate principal am
First quarter revenue of $1.015 billion, up 3% year-over-year and up 4% when adjusted for foreign exchange* Security and cloud computing revenue represented 69% of total revenue in the first quarter and combined grew 10% year-over-year and 11% when adjusted for foreign exchange* GAAP net income per diluted share of $0.82, down 26% year-over-year and down 23% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.70, up 4% year-over-year and up 6% when adjusted for foreign exchange* CAMBRIDGE, Mass., May 8, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today r
First quarter revenue of $1.015 billion, up 3% year-over-year and up 4% when adjusted for foreign exchange* Security and cloud computing revenue represented 69% of total revenue in the first quarter and combined grew 10% year-over-year and 11% when adjusted for foreign exchange* GAAP net income per diluted share of $0.82, down 26% year-over-year and down 23% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.70, up 4% year-over-year and up 6% when adjusted for foreign exchange* CAMBRIDGE, Mass., May 8, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today r
CAMBRIDGE, Mass., April 10, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers business online, announced today that the company will hold a conference call for investors on Thursday, May 8, 2025, at 4:30 p.m. ET. The call will include the company's first quarter 2025 financial results and may include forward-looking financial guidance from management. The call will also be broadcast live via the internet at Akamai's Investor Relations page. The live dial-in information for the conference call is: U.S. only:
Fourth quarter highlights Revenue of $1.020 billion, up 3% year-over-year and when adjusted for foreign exchange*Security and compute revenue represented 69% of total revenue in the fourth quarter and grew 16% year-over-year and 17% when adjusted for foreign exchange*GAAP net income per diluted share of $0.91, down 12% year-over-year and down 9% when adjusted for foreign exchange*, and non-GAAP net income per diluted shared* of $1.66, down 2% year-over-year and flat when adjusted for foreign exchange*Full-year highlights Revenue of $3.991 billion, up 5% year-over-year and when adjusted for foreign exchange*Security and compute revenue represented 67% of total revenue in 2024 and grew 18% yea
8-K - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
8-K - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
8-K - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)
New strategic partnership combines FPT's consulting and systems integration expertise with compute capabilities of globally distributed Akamai Cloud CAMBRIDGE, Mass., May 7, 2025 /PRNewswire/ -- Akamai Technologies (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced a new partnership with global IT services leader FPT. As a newly appointed global systems integrator in the Akamai Partner Program, FPT will collaborate closely with Akamai to help customers build, deploy, and optimize distributed cloud applications on Akamai Cloud.
CAMBRIDGE, Mass., April 2, 2025 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that Queue-it is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Queue-it is the leading provider of virtual waiting room services, empowering organizations to control peak traffic and deliver reliable, fair, and transparent online experiences—no matter the demand. As an ISV in the Akamai Qualified Compute Partner Progr
CAMBRIDGE, Mass., Nov. 14, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that Avesha Technologies is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Avesha Technologies is providing two distinct Kubernetes solutions–one for connectivity and one for autoscaling. As an ISV in the Akamai Qualified Compute Partner Program, Avesha Technologies brings a powerful solution to market, enabling seamle
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
Oppenheimer resumed coverage of Akamai Tech with a rating of Outperform and set a new price target of $100.00 from $116.00 previously
Craig Hallum downgraded Akamai Tech from Buy to Hold and set a new price target of $90.00
Piper Sandler downgraded Akamai Tech from Overweight to Neutral and set a new price target of $100.00 from $112.00 previously