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Akamai Technologies, Inc.

AKAM · NASDAQ

Market closed$120.19$1.38 (+1.16%)After hours $119.89 · -0.25%

Key statistics

Previous close$118.81
Open$116.60
Day high$121.41
Day low$116.00
52-week high$165.45
52-week low$69.78
Market cap17.47B
Volume3.50M
Average volume4.97M
P/E ratio17.07
Forward P/E10.87
EPS7.04
Dividend yield0.00%

Market context

Why it moved

Akamai Technologies (AKAM) moved higher as the company continues to benefit from positive momentum driven by its expanding cybersecurity business, a recent Gartner Customers' Choice recognition for Edge Distribution Platforms, and its selection as a strategic security partner for WWT's ARMOR framework, reinforcing investor confidence in its cloud and cybersecurity growth strategy.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Akamai Technologies closed modestly higher, recovering from Tuesday's 5% pullback, even as the broader technology sector faced headwinds from a deteriorating AI sentiment narrative, semiconductor weakness, and Netflix's disappointing outlook. The rebound follows a CFRA upgrade to Buy (July 10) and reflects investor focus on Akamai's upcoming August 6 earnings, where attention will center on progress from its $1.8 billion AI cloud infrastructure deal and the integration of its LayerX acquisition. Analysts maintain a median price target of $165, well above current levels, underpinned by security and cloud growth momentum.

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July 17, 2026Akamai Technologies closed modestly lower, underperforming the broader XLK technology sector as a confluence of headwinds weighed on sentiment. The decline follows a sharp pullback the prior session, with analysts citing profit-taking after last week's rally and growing investor scrutiny over the company's aggressive cloud build-out spending ahead of its August 6 earnings report. Akamai raised $3.5 billion in convertible notes in May to fund AI infrastructure capex — including a $1.8 billion, seven-year cloud commitment from a major AI customer — but the heavy investment pace is raising margin concerns. The broader tech sector also faced pressure from chip and AI-linked selling, with the Nasdaq finishing lower as investors reassessed lofty valuations. The median analyst price target of $165 implies significant upside, but near-term sentiment remains cautious.

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July 16, 2026Akamai Technologies fell sharply as software stocks broadly sold off following IBM's historic 25% single-day plunge after the tech giant warned of a Q2 revenue shortfall, citing customers shifting capital spending away from software toward hardware and memory. The IBM-triggered sector rout dragged down software infrastructure names broadly, compounding existing pressure on Akamai from profit-taking after a recent rally and investor caution ahead of its August 6 earnings report — where scrutiny will center on the ramp of its AI cloud infrastructure commitments and the margin impact of its $3.5 billion convertible note-funded capex buildout.

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July 15, 2026Akamai Technologies edged higher, outperforming a broader software sector rattled by IBM's historic 25% single-day collapse after the tech giant warned of a Q2 earnings shortfall tied to clients reprioritizing capex toward hardware over software. While peers like Salesforce, Microsoft, and ServiceNow tumbled 2–5% on IBM's warning, Akamai's relative resilience reflects its differentiated positioning — the company's recently announced $1.8B AI cloud infrastructure contract (reportedly with Anthropic) and its role as a security backbone for enterprise AI deployments via the World Wide Technology ARMOR partnership insulate it from pure-play software spending concerns. A cooler-than-expected June CPI print (3.5% YoY) also provided a macro tailwind for growth names, partially offsetting IBM-driven sector anxiety.

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July 14, 2026Akamai Technologies edged lower as broader tech weakness weighed on the stock, with the Nasdaq declining 0.87% amid renewed U.S.-Iran military hostilities that rattled risk appetite and sent oil prices surging. The pullback comes despite a strong recent narrative for the company: a major $1.8B Anthropic cloud infrastructure deal in May, a new Gartner Customers' Choice recognition for Edge Distribution Platforms, and a July partnership with World Wide Technology embedding Akamai security at the core of large-scale AI deployments. Investors are monitoring whether AKAM can sustain its ~48% YTD rally as Citi's Q2 software preview flags a 'K-shaped' spending divergence favoring data infrastructure leaders.

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July 11, 2026Akamai Technologies shares fell after a strong recent run, pulling back from gains tied to its expanding AI security narrative. The company has been building momentum following its July 2 close of the $205M LayerX acquisition and its selection as the strategic security partner for World Wide Technology's ARMOR AI framework, which integrates Akamai's tools with NVIDIA BlueField DPUs to protect enterprise AI infrastructure. Despite these positive developments, tech stocks broadly faced pressure on the day, and shares dipped alongside peers like Dell, though the stock recovered slightly in after-hours trading. The median analyst price target stands at $162.50, suggesting significant upside from current levels.

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July 9, 2026Akamai Technologies surged over 10%, significantly outperforming the broader technology sector on a turbulent day for markets, as the company announced its selection as the strategic security partner for World Wide Technology's AI Readiness Model for Operational Resilience (ARMOR) — the industry's first holistic AI security framework. The partnership embeds Akamai's Guardicore Segmentation with NVIDIA BlueField DPUs to eliminate the AI 'security tax,' accelerating ransomware containment by up to 32.6% for large enterprises. This high-profile win reinforces Akamai's AI security narrative, building on the July 2 close of its $205M LayerX acquisition and its broader push to deploy NVIDIA Blackwell GPUs across its distributed cloud platform, with analysts holding a median price target of $162.50.

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July 8, 2026Akamai Technologies closed modestly higher, outperforming a broadly weaker tech sector as investors continued to revisit the company's evolving AI and security narrative. The session's gains were supported by renewed attention on Akamai's July 2 close of its $205M LayerX acquisition — bolstering its Zero Trust and AI usage control portfolio — and its landmark $1.8B, seven-year cloud infrastructure deal with Anthropic announced in May, which Oppenheimer flagged on June 30 with an Outperform rating and $180 price target, citing the market's undervaluation of Akamai's cloud computing opportunity as AI inference workloads accelerate. The XLK technology ETF closed lower, while chip stocks led broader tech weakness on Samsung-driven semiconductor sector selling.

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Simply Wall Street · July 19, 2026Akamai (AKAM) Joins World Wide Technology’s ARMOR Framework For Enterprise AI SecurityTradingView · July 16, 2026Akamai Technologies, Inc. Stock 12‑Month Price Target Raised to $161.19, Implies 34% UpsideGlobeNewswire · July 15, 2026Akamai Research: Commerce Becomes the Epicenter for AI Bot Attacks and Agentic Fraud in 2026Investing.com · July 15, 2026Akamai Technologies EVP Joseph Paul C sells $392,987 in stockGlobeNewswire · July 2, 2026Akamai Technologies To Hold Second Quarter 2026 Investor Conference Call On Thursday, August 6, at 4:30 PM ETMoomoo · June 30, 2026Oppenheimer Maintains Akamai(AKAM.US) With Buy Rating, Maintains Target Price $180Quiver Quantitative · June 18, 2026Akamai Technologies shares fall as investors appear to weigh leverage and AI infrastructure spendingInvesting News Network · June 10, 2026Akamai Earns the Solutions Partner with Certified Software Designation for Security
Mt Newswire · July 8, 2026Akamai Technologies Selected as Security Partner for World Wide Technology's AI Framework
Benzinga · July 8, 2026Akamai Selected As Strategic Partner For World Wide Technology’s AI Readiness Model For Operational Resilience
Mt Newswire · July 2, 2026Akamai Technologies Completes LayerX Acquisition
Mt Newswire · June 30, 2026Akamai's Cloud Growth Potential Undervalued, Oppenheimer Says
Mt Newswire · June 30, 2026Akamai Technologies' Growth Opportunity in Cloud, AI Inferencing Undervalued, Oppenheimer Says
Mt Newswire · June 15, 2026Akamai Launches Framework to Secure AI Agent Interactions
Benzinga · June 15, 2026Akamai Announces Unified Agentic Framework For Its Bot & Agent Control Solutions
Mt Newswire · June 10, 2026Akamai Technologies Earns Microsoft AI Cloud Partner Certification for API Security

Peers

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