Akamai Technologies, Inc. (AKAM)

NASDAQ: AKAM · USD

$98.1

-1.53 (-1.5%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-13

Our latest published analysis: AKAM rated Buy

Akamai Technologies, Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$111 / share

Potential value

$147 / share

Upside to FV

+11.3%

from $98.1

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$14.4B
Revenue (ttm)	4.3B
Net income (ttm)	411M
EPS (ttm)	$2.75
Shares out	143.7M
P/E (trailing)	35.6x
P/E (forward)	15.0x
Volume	2,435,729
Beta	0.62

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 4.3B
Net income (ttm): 411M
EPS (ttm): $2.75
P/E (trailing): 35.6x
P/E (forward): 15.0x
Market cap: $14.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$3.46B	$3.62B	$3.81B	$3.99B	$4.21B	+5.0%
Gross profit	$2.19B	$2.23B	$2.30B	$2.37B	$2.30B	+1.2%
Operating income	$783.1M	$676.3M	$637.3M	$533.4M	$566.9M	-7.8%
Net income	$651.6M	$523.7M	$547.6M	$504.9M	$452.0M	-8.7%
EPS (diluted)	$3.93	$3.26	$3.52	$3.27	$3.07	-6.0%
EBITDA	$1.35B	$1.26B	$1.24B	$1.26B	$1.34B	-0.2%
R&D	$335.4M	$391.4M	$406.0M	$470.9M	$513.6M	+11.2%
SG&A	$869.9M	$905.8M	$968.1M	$1.02B	$656.7M	-6.8%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Sat
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Sat
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Güçlü Al
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Tut
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	Sat
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	Sat

Base and Bull scenarios

Base55%

Price target

$111.26

+11.3% from spot

In the Base scenario, Akamai executes according to management's published roadmap. Strong expansion in CIS and steady high-single-digit gains in Security fully counter ongoing mid-single-digit declines in CDN delivery. Operating margins remain stable in the mid-20s, generating consistent earnings growth that supports our composite fair value of $111.26.

CIS revenue expands by at least 50% in FY2026 and drives low-teens consolidated revenue growth in FY2027.
Security portfolio revenue surpasses $2.4B in FY2026, growing at high single digits.
Delivery revenue continues an orderly mid-single digit annual contraction.
Non-GAAP operating margins remain steady within management's guided 24%-26% corridor.
Terminal multiple normalizes at 16.0x forward earnings discounted at an 8.92% cost of equity.

Bull20%

Price target

$147.13

+47.2% from spot

In the Bull scenario, Akamai successfully establishes itself as a premier distributed AI compute platform. Cluster activations in Q4 2026 generate an immediate revenue inflection, accelerating company-wide revenue growth above 14% in FY2027. Operating leverage from high compute utilization lifts non-GAAP operating margins beyond 27%, driving fair value toward the high-end boundary of $147.13.

Cloud Infrastructure Services revenue expands by more than 65% in FY2026 and sustains >40% annual growth through FY2028.
Enterprise Security growth re-accelerates to low double-digits (12%-14%) driven by rapid Guardicore and LayerX adoption.
Non-GAAP operating margins expand above 27% as fixed GPU depreciation and power expenses are absorbed by high cluster utilization.
Terminal P/E multiple expands reflecting cloud infrastructure and enterprise cybersecurity software characteristics.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($111.26). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.5%	2.8%	3.0%	3.3%	3.5%
7.9%	$122	$127	$132	$137	$144
8.4%	$113	$116	$120	$125	$130
8.9%	$105	$108	$111	$115	$118
9.4%	$99.0	$101	$104	$107	$110
9.9%	$93.6	$95.5	$97.6	$99.8	$102

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E15

P25 n/aP50 n/aP75 n/a

Trailing P/E35.1

P25 n/aP50 n/aP75 n/a

ROE8.9

P25 n/aP50 n/aP75 n/a

ROIC4.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AKAM indicators

Market & fundamental data

Available fields

276

Groups with data

Currency

USD

Showing 276 of 276 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001086222
Company name	Akamai Technologies, Inc.
Country	United States
Country code	US
CUSIP number	00971T101
Earnings date	2026-11-05
Earnings time	amc
Employees	11,000
Employees change	300
Employees growth	2.8%
Enterprise value	$18.8B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1998
In index	SP500
Industry	Software - Infrastructure
IPO date	1999-10-29
Is primary listing	Yes
Is SPAC	No
ISIN number	US00971T1016
Last 10-K release date	2026-02-20
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$14.1B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$98.06
Price currency	USD
Sector	Technology
SIC code	7389
Stock price date	2026-10-28
Symbol	AKAM
U.S. state	Massachusetts
Website	https://www.akamai.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	14.21x
Average P/E ratio (10Y)	32.46x
Average P/E ratio (3Y)	29.5x
Average P/E ratio (5Y)	28.39x
Earnings yield	2.81%
EV/Earnings	45.79x
EV/EBIT	36.53x
EV/EBITDA	17.43x
EV/FCF	19.68x
EV/Sales	4.35x
FCF / EV yield	5.08%
FCF yield	6.78%
Forward EV/Sales	3.96x
Forward P/E	14.89x
Forward P/S	2.97x
Graham number	45.2649
Graham upside	-53.85%
Industry forward P/E	29.48x
Industry P/E	39.18x
Lynch fair value	$13.77
Lynch upside	-85.96%
P/(FCF - SBC) ratio	31.57x
P/(OCF - SBC) ratio	15.04x
P/B ratio	3.01x
P/E ratio	35.61x
P/FCF ratio	14.74x
P/OCF ratio	9.74x
P/S ratio	3.26x
PEG ratio	2.43x
Price / tangible book value	14.36x
Price/EBITDA ratio	13.05x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	11.92%
EBITDA margin	24.98%
Effective tax rate	17.66%
FCF margin	22.12%
Gross margin	57.45%
Operating margin	11.92%
Pretax margin	11.55%
Profit margin	9.51%
Profit per employee	$37,360
Profitable quarters	90
Profitable years	22
Revenue per employee	$392,985
ROA	2.51%
ROA (5Y)	4.84%
ROCE	4.21%
ROE	8.92%
ROE (5Y)	11.74%
ROIC	4.12%
ROIC (5Y)	8.27%
SBC / revenue	11.79%
Tax / revenue	2.04%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-2.38%
EPS growth (Q)	-26.76%
EPS growth (QoQ)	-26.76%
EPS growth 10Y	4.22%
EPS growth 3Y	-3.35%
EPS growth 5Y	-4.74%
EPS growth years	0
FCF growth	16.64%
FCF growth (Q)	-42.18%
FCF growth (QoQ)	-13.98%
FCF growth 3Y	0.55%
FCF growth 5Y	2.94%
Gross profit growth	2.86%
Gross profit growth (Q)	-0.52%
Gross profit growth 3Y	3.7%
Gross profit growth 5Y	3.21%
Net income growth	-3.21%
Net income growth (Q)	-23.37%
Net income growth (QoQ)	-25.32%
Net income growth 3Y	-4.94%
Net income growth 5Y	-6.79%
Net income growth years	0
OCF growth	0.04%
OCF growth (Q)	-28.94%
OCF growth (QoQ)	4.4%
OCF growth 10Y	5.64%
OCF growth 3Y	3.36%
OCF growth 5Y	1.84%
Operating income growth	-18%
Operating income growth (Q)	-46.16%
Operating income growth 3Y	-8.87%
Operating income growth 5Y	-7.36%
Revenue growth	5.87%
Revenue growth (Q)	5.39%
Revenue growth (QoQ)	2.43%
Revenue growth 10Y	6.65%
Revenue growth 3Y	5.69%
Revenue growth 5Y	5.33%
Revenue growth quarters	93
Revenue growth years	23

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-491.1M
Depreciation and amortization	$564.7M
EBIT	$515.2M
EBITDA	$1.1B
EPS	$2.75
FCF per share	$6.65
Financing cash flow	$2.5B
Free cash flow	$956.1M
Free cash flow minus SBC	$446.5M
Gross profit	$2.5B
Income taxes	$88.1M
Investing cash flow	$-3.3B
Net borrowing	$3.5B
Net cash flow	$630.3M
Net income	$411M
Operating cash flow minus SBC	$937.6M
Operating income	$515.2M
Revenue	$4.3B
Stock-based compensation	$509.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.68
Book value per share	$33.07
Debt / EBITDA	6.22
Debt / equity	1.97
Debt / FCF	9.77
Goodwill	$3.2B
Interest coverage	15.54
Long-term assets	$10.4B
Long-term liabilities	$7.5B
Net cash (debt)	$-4.7B
Net cash / market cap	-33.5%
Net debt / EBITDA	4.37
Net debt / equity	0.99
Net debt / FCF	4.94
Piotroski F-Score	4
Property, plant and equipment	$4.3B
Shareholders' equity	$4.7B
Tangible book value	$981.4M
Tangible book value per share	$6.83
Total assets	$15.1B
Total cash	$3.4B
Total debt	$9.3B
Total liabilities	$10.3B
WACC	4.71%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.34
Current assets	$4.7B
Current liabilities	$2.8B
Current ratio	1.64
Net working capital	$529.5M
Quick ratio	1.52
Working capital	$1.8B
Working capital turnover	2.92

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.19%
Dividend yield	0%
Shareholder yield	1.19%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	41.4%
10Y return CAGR	3.53%
10Y total return	41.4%
150-day SMA	$116.36
15Y price change	254.46%
15Y return CAGR	8.8%
15Y total return	254.46%
1D price change	-1.54%
1M price change	-14.6%
1M total return	-14.6%
1W price change	8.56%
1W total return	8.56%
1Y price change	28.89%
1Y return CAGR	28.91%
1Y total return	28.89%
20-day SMA	$98.28
200-day SMA	$112.50
20Y price change	109.47%
20Y return CAGR	3.77%
20Y total return	109.47%
3M price change	-13.78%
3M total return	-13.78%
3Y price change	-4.62%
3Y return CAGR	-1.56%
3Y total return	-4.62%
50-day SMA	$104.57
50-day SMA vs 200-day SMA	50under200
52-week high	$165.45
52-week high date	2026-05-13
52-week low	$70.82
52-week low date	2025-11-04
5Y price change	-6.71%
5Y return CAGR	-1.38%
5Y total return	-6.71%
6M price change	1.43%
6M total return	1.43%
All-time high	$345.50
All-time high date	2000-01-03
All-time low	$0.56
All-time low date	2002-10-07
Average true range (ATR)	$5.18
Average volume	4.8M
Beta (1Y)	0.26
Beta (2Y)	0.59
Beta (5Y)	0.62
Change from 52-week high	-40.73%
Change from 52-week low	38.46%
Change from all-time high	-71.84%
Change from all-time low	17,275%
Change from open	-1.54%
Day's gap	0%
Dollar volume	$238.8M
High price	$99.87
Low price	$97.22
Monthly RSI	48.74
Open price	$99.59
Position in 52-week range	31.7%
Premarket change	0.3%
Premarket close	$99.59
Premarket price	$99.89
Premarket volume	82.8K
Previous close	$99.59
Price vs 150-day SMA	-16.38%
Price vs 20-day SMA	-0.99%
Price vs 200-day SMA	-13.51%
Price vs 50-day SMA	-6.95%
Relative volume	0.5
RSI	46.55
Sharpe ratio	0.65
Sharpe ratio (3Y)	0.09
Sharpe ratio (5Y)	0.04
Sortino ratio	1.14
Sortino ratio (3Y)	0.26
Sortino ratio (5Y)	0.2
Volume	2.4M
Weekly RSI	44.05
YTD price change	11.52%
YTD total return	11.52%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	140.5M
Float percentage	97.73%
Shares change (QoQ)	2.44%
Shares change (YoY)	-1.19%
Shares held by insiders	2.07%
Shares held by institutions	113.57%
Shares outstanding	143.7M
Short % of float	13.72%
Short % of shares	13.41%
Short ratio	3.6 days

Deeper analysis on AKAM

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AKAM report

What is the latest published AKAM stock rating?

Akamai Technologies, Inc. is shown with Buy in the latest published report, analyzed 2026-10-13. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AKAM analysis?

The full latest published report, analyzed 2026-10-13, lives at /stocks/AKAM/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AKAM?

The latest published report analyzed 2026-10-13 gives AKAM a fair value of USD 111 and a potential value of USD 147. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AKAM page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-13). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyAKAM · Fair value $111+11.3%

Read full analysis →

Category	Score	Reading
Valuation	7.5
Management	6.5
Balance Sheet	4.5
Profitability	5.0
Revenue Growth	6.0
Risk Assessment	7.0
Competitive Moat	7.0
Earnings Quality	6.0
Capital Efficiency	2.5

Akamai Technologies, Inc. (AKAM)

Our latest published analysis: AKAM rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · AKAM

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AKAM indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on AKAM

Frequently asked questions

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