
Akamai Technologies (AKAM) Stock Forecast & Price Target
Akamai Technologies (AKAM) Analyst Ratings
Bulls say
Akamai Technologies showcases a positive financial trajectory, with security revenue now representing approximately 53% of total revenue, reflecting a notable increase from 47% in the previous quarter. The company's security sector, driven by Guardicore and API offerings, generated $535 million in revenue, marking a year-over-year growth of 14%, while computing services saw an impressive growth rate of 24%. Additionally, Akamai's research and development expenditures increased by 14% year-over-year, indicating a commitment to innovation, further supported by a $190 million ARR from Guardicore, which surpassed expectations.
Bears say
Akamai Technologies experienced a year-over-year decline in earnings per share (EPS) of 2%, resulting in an EPS of $1.66, which, while better than guidance, reflects underlying challenges. Forecasts indicate that EPS could decline between 1% and 7% in CY25, falling short of consensus expectations, while revenue from delivery services is anticipated to decline approximately 10%, further complicating growth prospects. Additionally, the company's cloud segment, expected to grow at a slower rate of 15% compared to previous years, is significantly below consensus estimates, contributing to a negative outlook on the stock.
This aggregate rating is based on analysts' research of Akamai Technologies and is not a guaranteed prediction by Public.com or investment advice.
Akamai Technologies (AKAM) Analyst Forecast & Price Prediction
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