Akamai Tech upgraded by Oppenheimer with a new price target
$AKAM
Business Services
Consumer Discretionary
Oppenheimer upgraded Akamai Tech from Perform to Outperform and set a new price target of $120.00
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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 |
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
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
CAMBRIDGE, Mass., Jan. 6, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that the company will hold a conference call for investors on Thursday, February 20, 2025, at 4:30 p.m. ET. The call will include the company's fourth quarter and full-year 2024 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
Surge correlates with accelerated adoption of AI-powered applications CAMBRIDGE, Mass., April 22, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today released a new State of the Internet (SOTI) report that finds there were 311 billion web attacks in 2024, representing a 33% year-over-year increase. State of Apps and API Security 2025: How AI Is Shifting the Digital Terrain notes the surge in these attacks correlates to the rapid adoption of artificial intelligence (AI) applications, which expand attack surfaces and introduce new security challenges.
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:
Hybrid solution delivers consistent, scalable security for applications and APIs across multicloud, on-premises, and CDN-agnostic infrastructures CAMBRIDGE, Mass., April 9, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today introduced App & API Protector Hybrid. Users can now expand the critical web application firewall (WAF) capabilities of Akamai's web application and API protection (WAAP) while consistently securing applications and APIs for multicloud, on-premises, and CDN-agnostic environments.
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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
CAMBRIDGE, Mass., Oct. 17, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ:AKAM), the cloud company that powers and protects life online, announced today that APIContext is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). APIContext is providing advanced API performance monitoring and compliance testing solutions. As an ISV in the Akamai Qualified Compute Partner Program, APIContext will empower enterprises to ensure continuous API performance with advanced synthetic testing by offering real-world, end-
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