Scotiabank initiated coverage on Akamai Tech with a new price target
$AKAM
Business Services
Consumer Discretionary
Scotiabank initiated coverage of Akamai Tech with a rating of Sector Outperform and set a new price target of $110.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 8/9/2024 | $110.00 → $125.00 | Hold → Buy | Craig Hallum |
8-K - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
10-Q - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
8-K - AKAMAI TECHNOLOGIES INC (0001086222) (Filer)
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
Third quarter revenue of $1.005 billion, up 4% year-over-year and when adjusted for foreign exchange* Security and compute revenue represented 68% of total revenue in the third quarter and combined grew 17% year-over-year and when adjusted for foreign exchange* CAMBRIDGE, Mass., Nov. 7, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today reported financial results for the third quarter ended September 30, 2024. "Akamai delivered another solid quarter, highlighted by continue
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
4 - AKAMAI TECHNOLOGIES INC (0001086222) (Issuer)
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
TD Cowen downgraded Akamai Tech from Buy to Hold and set a new price target of $98.00 from $125.00 previously
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., Feb. 20, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it has closed a multi-year strategic usage agreement with one of the world's largest technology companies. Under the terms of the deal, over $100M will be spent on Akamai's full-stack cloud computing capabilities. The customer will have the flexibility to leverage Akamai's full portfolio to manage, deliver, and secure data to augment and improve its own infrastructure services. "Technolo
New report features novel research and insights to help security professionals outsmart and outmaneuver cybercriminals CAMBRIDGE, Mass., Feb. 11, 2025 /PRNewswire/ -- Akamai Technologies (NASDAQ:AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced the release of the Defenders' Guide 2025: Fortify the Future of Your Defense. This first-of-its-kind State of the Internet (SOTI) report delivers practical research, including new findings on risk scoring, VPN abuse, and advanced malware techniques to help organizations strengthen their cybersecurity posture. For CISOs, it integrates the security-in-depth framework with proactive measures to
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-
CAMBRIDGE, Mass., July 23, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ:AKAM), the cloud company that powers and protects life online, announced today that Yospace is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Yospace is providing world-leading server-side ad insertion (SSAI) for leading media companies across the globe. As an ISV in the Akamai Qualified Compute Partner Program, Yospace will provide media companies with the tools to improve their advertising businesses. An early pioneer of SSAI
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)
SC 13G/A - AKAMAI TECHNOLOGIES INC (0001086222) (Subject)