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Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $157.85, according to analysts polled by FactSet.
Akamai Technologies' (AKAM) unique platform is proving to be a rare opportunity in the compute space and has cemented about $2.8 billion in cloud infrastructure service deals year to date, RBC Capital Markets said in a note emailed Friday after meeting company executives including CEO Tom Leighton.The investment firm said that, while larger deals like one with a frontier model developer, comprise the bulk of the $2.8 billion figure, the company's pipeline also has "smaller customers on multi-year contracts, showing strong demand signals."Additionally, Akamai's management highlighted its "extensive points of presence" as a "competitive moat, providing lower cost cloud services to the hyperscalers," RBC said.The investment firm said that Akamai's management believes the company "offers a different value proposition than neoclouds, who focus on training massive foundational models with larger, more centralized data centers."RBC also said that the company's management noted that Akamai still has "strong pricing power over contracts, passing through variable costs that come with hardware and servers to customers."RBC kept Akamai's sector perform rating and $135 price target.Price: $124.54, Change: $-0.75, Percent Change: -0.60%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $158.67, according to analysts polled by FactSet.
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $159.10, according to analysts polled by FactSet.
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $160.52, according to analysts polled by FactSet.Price: $112.41, Change: $-6.14, Percent Change: -5.18%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $160.52, according to analysts polled by FactSet.Price: $112.41, Change: $-6.14, Percent Change: -5.18%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $160.52, according to analysts polled by FactSet.Price: $112.41, Change: $-6.14, Percent Change: -5.18%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $160.52, according to analysts polled by FactSet.Price: $112.45, Change: $-6.10, Percent Change: -5.15%
Akamai Technologies (AKAM) said Thursday it has completed its acquisition of LayerX for about $205 million.LayerX offers a browser security platform that allows enterprises to add protections to their preferred, existing browsers, it said.Price: $110.82, Change: $-1.99, Percent Change: -1.76%
Akamai Technologies' (AKAM) current valuation is yet to fully reflect the cloud services provider's growth potential in the artificial intelligence inferencing space, Oppenheimer said Tuesday in a client note.The cloud infrastructure services segment could generate more than $4.1 billion in revenue by 2035 under Oppenheimer's multi-stage discounted cash flow model.Akamai reached a $1.8 billion, seven-year cloud computing agreement with "a leading frontier model company," Chief Executive Tom Leighton said during the company's most recent earnings call, according to a FactSet transcript.Bloomberg News reported in May that the $1.8 billion deal was signed with AI startup Anthropic.Leighton, who didn't specify Anthropic, described it as the "largest customer deal in Akamai history." It comes on the heels of a $200 million CIS deal with "a major US technology company" in February, Leighton told analysts in May."We are incrementally positive on Akamai given its strong expansion opportunity with cloud/AI inferencing," Oppenheimer analysts Param Singh and Jake Heimowitz said in the report. "While the Street leans on the positive side, we think its view is too conservative and undervalues the growth opportunity more than warranted."Oppenheimer said its bullish outlook on Akamai is driven by factors including a potential expansion of the total addressable market for cloud and AI inferencing.To support its growth, Akamai is expected to boost capacity to between 80 megawatts and 100 MW by the end of 2028, compared with an estimated capacity of 17 MW at 2025-end, according to the brokerage.Akamai's shares were up 4.5% intraday Tuesday. The stock has advanced 36% so far this year.Oppenheimer reiterated its outperform rating on the stock and a price target of $180, which implies a more than 50% upside potential from current levels."As the growth opportunity is better understood, the stock should rally higher," Singh and Heimowitz said.Price: $117.40, Change: $+3.60, Percent Change: +3.16%
Akamai Technologies' (AKAM) growth opportunity in cloud and artificial intelligence inferencing is being undervalued by the market, Oppenheimer analysts said in a Tuesday note.Analysts said that Akamai is heavily investing in Infrastructure-as-a-Service and the AI-optimized segment, which have a compound annual growth rate of 25% and 110%, respectively.Oppenheimer said that Akamai needs to make heavy capital investments to support growth, with capacity expected to expand to between 80 megawatts and 100 megawatts by 2028-end."We are incrementally positive on Akamai given its strong expansion opportunity with Cloud/AI inferencing. While the Street leans on the positive side, we think its view is too conservative and undervalues the growth opportunity more than warranted," analysts said.Oppenheimer has an outperform rating on the stock and a $180 price target.Price: $117.81, Change: $+4.01, Percent Change: +3.52%
Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 5.1% higher.Akamai Technologies (AKAM) stock was up more than 2% after the company launched a unified "agentic framework" for its Bot & Agent Control solutions as AI agents increasingly take on tasks on behalf of users, raising new challenges around identity, intent and trust.Viavi Solutions (VIAV) shares were up more than 4% after the company said it is upgrading its CX300 communications service monitor by launching the TETRA MS radio base station simulator option.Baidu (BIDU) is being considered by ByteDance as a potential supplier of its Kunlunxin artificial intelligence chips, Reuters reported, citing two unnamed sources familiar with the matter. Baidu stock was up more than 1% pre-bell.
Technology stocks were rising premarket Monday, with the State Street Technology Select Sector SPDR Fund (XLK) up 2.8% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.9% higher.Akamai Technologies (AKAM) stock was up more than 2% after the company launched a unified "agentic framework" for its Bot & Agent Control solutions as AI agents increasingly take on tasks on behalf of users, raising new challenges around identity, intent and trust.
Akamai Technologies (AKAM) is expanding its collaboration with Nvidia (NVDA) to bring Zero Trust security architecture to artificial intelligence factories, powering autonomous enterprise agents, the companies said Tuesday.The partnership will bring Akamai Guardicore Segmentation to the Nvidia Vera BlueField-4 STX storage architecture, which is powered by the Nvidia DOCA software platform, the companies said. The integration aims to protect data, context memory, and autonomous agents within enterprise AI infrastructure, the companies said.Akamai Guardicore Segmentation integrated with Nvidia BlueField and Nvidia DOCA is expected to be available in H2 to implement workload-aware segmentation, the companies said. The integration with the Nvidia Vera BlueField-4 STX platform is slated to launch on infrastructure partner platforms in H1 of 2027, according to a joint statement.Price: $161.86, Change: $+7.85, Percent Change: +5.10%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $157.50, according to analysts polled by FactSet.Price: $152.59, Change: $-3.08, Percent Change: -1.98%
Akamai Technologies' (AKAM) story has shifted from a legacy delivery network to a "credible" artificial intelligence infrastructure platform, BofA Securities analysts said in a Wednesday note.Analysts said the company's Cloud Infrastructure Services is inflecting, growing 40% from a year earlier, with momentum supported by AI workloads and edge inference use cases.BofA said the company's new $1.8 billion deal will add $20 million to $25 million per quarter from Q4, creating more recurring, capacity-based revenue.BofA said that Akamai "is able to leverage its existing network and Enterprise customer base to expand into new markets and product offerings."Analysts upgraded the stock's rating to buy from neutral and raised its price target to $175 from $130.Price: $160.18, Change: $+10.62, Percent Change: +7.10%
Akamai Technologies (AKAM) has an average rating of overweight and mean price target of $151.36, according to analysts polled by FactSet.
The Nasdaq Composite and the S&P 500 reached new peaks on Friday, boosting their weekly gains, following a stronger-than-expected jobs report.The Nasdaq climbed 1.7% to 26,247.1, while the S&P 500 added 0.8% to 7,398.9. The Dow Jones Industrial Average ended just above the flatline at 49,606.5.Among sectors, technology paced the gainers with a 2.7% jump, while utilities and healthcare saw the steepest drop.Micron Technology (MU) jumped 15% and Intel (INTC) soared nearly 14%, among the top gainers on the S&P 500. Apple (AAPL) gained 2.1% and Nvidia (NVDA) rose 1.8%, two of the five best performers on the Dow.This week, the Nasdaq logged a weekly gain of 4.5%, while the S&P 500 rose 2.3%. Both indexes marked their sixth consecutive weekly advance, which CNBC said is the longest win streak since 2024. The Dow posted a weekly gain of 0.2%.Total nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, well above the 65,000 increase expected in a Bloomberg-compiled survey."Earlier signs hinted that the job market had actually been gathering strength in recent weeks, and the April nonfarm payroll report pounded home that reality with full force," Douglas Porter, chief economist at BMO Financial Group, said in a report.The unemployment rate was unchanged at 4.3% in April, in line with Wall Street's estimates.For the Federal Reserve, the hiring momentum further shifts the focus to inflation, keeping it on the sidelines for now, "and raising the possibility of future rate hikes," Stifel Chief Economist Lindsey Piegza said in a report e-mailed to.Brent advanced 0.6% to $100.68 per barrel in Friday late-afternoon trade, while West Texas Intermediate crude was little changed at $94.84. Both benchmarks were on track for weekly declines following two consecutive weekly advances.The US Central Command said Friday it fired on two Iranian-flagged empty oil tankers trying to bypass an ongoing blockade in the Strait of Hormuz. Washington expects Iran to respond to its peace proposal Friday, CNN reported, citing US Secretary of State Marco Rubio.The US and Iran traded fire Thursday in the narrow waterway, though a fragile ceasefire between the two appeared to still be holding.The United Arab Emirates intercepted two ballistic missiles and engaged three drones fires by Iran, the UAE's Ministry of Defense said on Friday.The oil market was "relatively calm" despite the flare-up of tensions between the US and Iran, Macquarie said in a report."We suspect that the market's calm reflects the unwillingness of the US to broaden the conflict beyond what's needed to protect US navy ships that are trying to secure safe passage through the strait for third-party commercial vessels," Macquarie said.US Treasury yields were lower, with the 10-year rate down 2.6 basis points at 4.37% and the two-year rate easing 1.2 basis points to 3.90%.US consumer sentiment continued to fall in May as cost pressures tied to the Middle East conflict sent the measure tumbling to fresh lows, a survey by the University of Michigan showed.In company news, Akamai Technologies (AKAM) shares surged nearly 27%, the best performer on the S&P 500. The company late Thursday disclosed a new $1.8 billion cloud infrastructure services contract with an unnamed company. The seven-year contract should help accelerate revenue growth, UBS Securities said, even though the brokerage is skeptical about the deal's impact on margins and profitability.Fluor (FLR) reported weaker-than-expected first-quarter results, while the engineering and construction company lowered the top end of its full-year earnings outlook. The company's shares tumbled 15%.Gold was up 0.5% at $4,732.90 per troy ounce, while silver gained 1.2% to $81.15 per ounce.
US equity indexes rose on Friday as tech topped sectors, nonfarm payrolls handily beat consensus, and Washington hit Iranian tankers while awaiting a response to its peace proposal.The Nasdaq jumped 1.7% to 26,247.08, and the S&P 500 climbed 0.8% to 7,398.93. The Dow Jones Industrial Average was little changed, but leaned higher at 49,609.16.Technology was up 2.7%, leading gainers. Healthcare and utilities were among the steepest decliners.In company news, Akamai Technologies (AKAM) reported Q1 non-GAAP net income above market expectations while sales rose. Chief Executive Tom Leighton said a US-based entity committed $1.8 billion over seven years for the company's cloud infrastructure services. Shares of Akamai soared 27%, the top gainer on the S&P 500.Monster Beverage (MNST) offers "outsized" long-term growth potential after reporting "very strong" Q1 and April performance, Morgan Stanley said in a Friday note. Shares of Monster Beverage surged 14%, among the biggest outperformers on the S&P 500 and the Nasdaq.Nonfarm payrolls rose by 115,000 last month, the Bureau of Labor Statistics said Friday, beating the 65,000 gain expected in a Bloomberg-compiled survey. The increase in March was revised up by 7,000 to 185,000, while the fall in February was adjusted to 156,000 from 133,000, the BLS said.Most US Treasury yields fell, with the 10-year down 3.4 basis points to 4.36% and the two-year rate lower by three basis points to 3.89%.The US expects a response from Iran on a proposal to end the war on Friday, Secretary of State Marco Rubio said, adding he hopes "it's a serious offer," CNN reported.Meanwhile, US forces disabled two Iranian-flagged unladen oil tankers on Friday that were attempting to dock at an Iranian port on the Gulf of Oman in violation of the US blockade, US Central Command said in a social media post on X, formerly Twitter. According to President Donald Trump, a ceasefire is still in effect, CNN reported.Foreign Minister Abbas Araghchi said "Iranians never bow to pressure" and "every time a diplomatic solution is on the table the US opts for a reckless military adventure," according to a report from the Associated Press.West Texas Intermediate crude oil futures fell 0.1% to $94.74, giving up intraday gains. Brent crude futures increased by 0.5% to $100.57, also off session highs of more than 1%.Further in economic news, US consumer sentiment continued to fall in May, with the main sentiment index dropping to an all-time low of 48.2 from April's 49.8, according to the University of Michigan's preliminary survey on Friday. The print marked the third consecutive monthly retreat. Wall Street expected a 49.5 print, according to a Bloomberg-compiled poll.The year-ahead inflation outlook dropped to 4.5% this month from 4.7% in April, according to the Michigan survey. The current outlook is still above the 3.4% reading reported in February, before the start of the Iran war. The five-year inflation forecast fell to 3.4% from 3.5%.In precious metals, gold futures advanced 0.4% to $4,730.1, and silver futures climbed 1% to $80.96.
The Standard & Poor's 500 index rose 2.3% this week to another round of new highs as the technology sector climbed on deals and earnings.The S&P 500 ended Friday's session at 7,398.93, marking its latest all-time closing high. The market benchmark also set a fresh intraday high on Friday at 7,401.50, its sixth consecutive week of gains. The index is up 8.1% for the year.This week's advance came as deal chatter and better-than-expected earnings drove strong gains in the technology sector. The deals included a preliminary agreement under which Intel (INTC) will make some of the chips powering Apple (AAPL) devices, according to a Wall Street Journal report citing people familiar with the matter.Also, payroll data from the Bureau of Labor Statistics showed the US economy added more jobs than projected in April. This helped allay concerns about a slowdown in the labor market. Investors also saw the data as likely allowing the Federal Reserve to stick to its current policy stance.Nonfarm payrolls for April rose by 115,000, well above the 65,000 increase expected in a Bloomberg-compiled survey. Private payrolls growth slowed to 123,000 in April from 190,000 the month prior, the BLS reported, surpassing the consensus estimate for a 75,000 gain. The unemployment rate was unchanged at 4.3% in April, in line with Wall Street's estimates.The technology sector jumped 7% on the week, followed by a 1.9% increase in communication services and a 1.8% increase in consumer discretionary. Materials, industrials and real estate also edged higher.Akamai Technologies (AKAM) and Datadog (DDOG) topped the technology sector as shares soared 42% each. Akamai's Q1 results included a slight earnings beat and Chief Executive Tom Leighton said a US-based frontier model provider has committed $1.8 billion over seven years for the company's cloud infrastructure services. A Bloomberg report citing people familiar with the matter said the partner is Amazon.com-backed (AMZN) artificial intelligence startup Anthropic.Datadog's surge came as the software maker posted higher-than-expected Q1 results and raised its full-year outlook.Walt Disney's (DIS) stock was the best performer in communication services, climbing 4.8% on the week as the media and entertainment company's fiscal second-quarter results came in ahead of market estimates amid revenue gains across all business operations. Disney also reiterated expectations for growth to accelerate in the second half.Tesla (TSLA) led the gainers in consumer discretionary. The electric vehicle maker's shares rose 9.6% amid a report that the company's China-made electric vehicle sales rose for a sixth consecutive month on a year-over-year basis.On the downside, the energy sector fell 5.4%, followed by a 4% loss in utilities, a 1.4% slip in financials and a 1.2% decline in health care. Consumer staples were also lower.The drop in the energy sector came as crude oil futures also fell on the week. APA (APA) was hit the hardest in the sector, losing 11% despite the company's Q1 earnings coming in above analysts' mean estimate.In utilities, NRG Energy (NRG) shares had the largest percentage drop for the week, falling 10%. The company reported Q1 adjusted earnings per share below analysts' mean estimate even as revenue topped the Street view.Next week's earnings calendar features Cisco Systems (CSCO), Applied Materials (AMAT) and Constellation Energy (CEG).Economic data will include the April consumer and producer price indexes. Retail sales, existing home sales, import prices and industrial production for April will also be among the reports.
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