Analyst Consensus ?
ConsensusBuy50 ratings
Bullish2550.0%
Neutral2448.0%
Bearish12.0%
1 unmapped firm rating excluded from the percentages.
Akamai Technologies, Inc. · AKAM · FY2024 Q2 · Calendar Q3 2024
Akamai: Security and Compute Growth Offset Delivery Decline
The supplied analysis supports a constructive but qualified view: security and compute growth, cross-selling, and edge-cloud investment are offsetting delivery weakness, while execution, competition, FX, and integration remain important tests.
Reported After market closeNASDAQTechnology
$13.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.58
Consensus $1.53
EPS surprise
+3.3%
Reported versus consensus
Reported revenue
$979.6M
Consensus $977.7M
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+10.9%
Event window
SPY move
+0.4%
Same window
Abnormal move
+10.4%
Stock minus SPY
Volume
4.5×
Versus trailing sessions
Subsequent drift
-6.3%
Up to 20 sessions
AKAMSPY benchmark
Ask FN2 about AKAM FY2024 Q2
Transcript, numbers and history already loaded
Why did AKAM rise 10.9% after beating EPS estimates in FY2024 Q2?What changed in AKAM's guidance and outlook in FY2024 Q2?Give me the bull and bear case for AKAM after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the analysis shifts from lowered guidance and the planned NoName acquisition to maintained guidance, a completed NoName acquisition, continued security and compute growth, and a stated increase in capex for compute expansion.
Guidance delta
Management maintained guidance; the supplied analysis cites Q3 revenue guidance of $988–1,008 million and full-year revenue growth of 4–5%, with operating margins near 29%.
Key takeaways
- Security revenue was $499 million and represented the majority of revenue, while compute revenue grew 23% year over year to $151 million.
- Delivery revenue continued to decline but remained a high-margin cash-generating business.
- Management highlighted Guardicore, NoName API security integration, and higher capex to expand compute capacity.
Management priorities
- Scale the Guardicore Zero Trust platform and channel partnerships.
- Accelerate Akamai Connected Cloud compute adoption beyond media.
- Integrate NoName API security into the broader security suite.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$93.53Current
$75Low
$137.83Average
$225High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Neutral | Neutral | Maintain | Oct 22, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Oct 21, 2026 |
| Raymond James | Strong Buy | Outperform | Upgrade | Oct 20, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 30, 2026 |
| TD Cowen | Hold | Hold | Maintain | Sep 25, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Sep 25, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Sep 25, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 25, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 25, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Sep 4, 2026 |
| Susquehanna | Positive | Positive | Maintain | Aug 10, 2026 |
| HSBC | Hold | Buy | Downgrade | Aug 10, 2026 |
| Baird | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 27, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 14, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | May 8, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 8, 2026 |
| Needham | Hold | Hold | Maintain | Feb 21, 2025 |
| Oppenheimer | Outperform | Perform | Upgrade | Dec 2, 2024 |
| Tigress Financial | Strong Buy | Strong Buy | Maintain | Aug 29, 2024 |
| Craig-Hallum | Buy | Hold | Upgrade | Aug 9, 2024 |
| CFRA | Hold | Hold | Maintain | May 24, 2023 |
| Loop Capital | Hold | Hold | Maintain | Mar 1, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 15, 2023 |
| Truist Securities | Buy | Buy | Maintain | Aug 10, 2022 |
| FBN Securities | Outperform | Outperform | Maintain | Aug 10, 2022 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 10, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jul 29, 2020 |
| B. Riley Securities | Buy | Buy | Maintain | Apr 29, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 29, 2020 |
| Nomura Instinet | Neutral | Neutral | Maintain | Apr 15, 2020 |
| Nomura | Neutral | Neutral | Maintain | Apr 15, 2020 |
| Goldman Sachs | Neutral | Sell | Upgrade | Mar 26, 2020 |
| B. Riley | Buy | Buy | Maintain | Feb 12, 2020 |
| Deutsche Bank | Sell | Hold | Downgrade | Mar 25, 2019 |
| MKM Partners | Buy | Buy | Maintain | Jun 27, 2018 |
| Wells Fargo | Market Perform | Market Perform | Maintain | Oct 25, 2017 |
| Drexel Hamilton | Buy | Buy | Maintain | Mar 21, 2017 |
| FBR Capital | Market Perform | Underperform | Upgrade | Oct 26, 2016 |
| Pacific Crest | Overweight | Downgrade | Jul 27, 2016 | |
| Stifel Nicolaus | Hold | Hold | Maintain | Mar 24, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Nov 3, 2015 |
| Canaccord Genuity | Hold | Hold | Maintain | Oct 28, 2015 |
| JMP Securities | Market Outperform | Market Perform | Upgrade | Aug 28, 2015 |
| Jefferies | Hold | Hold | Maintain | May 2, 2014 |
| Maxim Group | Buy | Buy | Maintain | Mar 15, 2013 |
| Janney Montgomery Scott | Neutral | Buy | Downgrade | Feb 7, 2013 |
| Janney Capital | Neutral | Buy | Downgrade | Feb 7, 2013 |
| Oxen Group | Hold | Hold | Maintain | Mar 14, 2012 |
| Stifel | Buy | Buy | Maintain | Feb 9, 2012 |
| PiperJaffray | Neutral | Neutral | Maintain | Feb 9, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $93.53. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $100 | $90.51 | +6.9% | Oct 22, 2026 |
| Piper Sandler | Analyst unavailable | $120 | $89.63 | +28.3% | Oct 21, 2026 |
| Raymond James | Frank Louthan | $170 | $108.99 | +81.8% | Sep 29, 2026 |
| D.A. Davidson | Rudy Kessinger | $150 | $113.33 | +60.4% | Sep 28, 2026 |
| Piper Sandler | Analyst unavailable | $158 | $110.41 | +68.9% | Sep 25, 2026 |
| Guggenheim | John DiFucci | $225 | $110.41 | +140.6% | Sep 25, 2026 |
| UBS | Roger Boyd | $148 | $110.41 | +58.2% | Sep 25, 2026 |
| Piper Sandler | Analyst unavailable | $125 | $108.62 | +33.6% | Aug 31, 2026 |
| HSBC | Stephen Bersey | $123 | $110.54 | +31.5% | Aug 10, 2026 |
| Robert W. Baird | Analyst unavailable | $140 | $113.88 | +49.7% | Aug 7, 2026 |
| RBC Capital | Analyst unavailable | $135 | $114.89 | +44.3% | Aug 7, 2026 |
| UBS | Roger Boyd | $125 | $111.79 | +33.6% | Jul 29, 2026 |
| Evercore ISI | Peter Levine | $175 | $113.3 | +87.1% | Jul 27, 2026 |
| Morgan Stanley | Sanjit Singh | $165 | $161.14 | +76.4% | May 14, 2026 |
| Susquehanna | Shyam Patil | $175 | $147.71 | +87.1% | May 11, 2026 |
| Scotiabank | Patrick Colville | $180 | $141.92 | +92.5% | May 8, 2026 |
| UBS | Analyst unavailable | $160 | $141.46 | +71.1% | May 8, 2026 |
| Robert W. Baird | Analyst unavailable | $150 | $140.3 | +60.4% | May 8, 2026 |
| Oppenheimer | Analyst unavailable | $180 | $140.73 | +92.5% | May 8, 2026 |
| D.A. Davidson | Analyst unavailable | $185 | $135.3 | +97.8% | May 8, 2026 |
| Raymond James | Analyst unavailable | $140 | $135.93 | +49.7% | May 8, 2026 |
| Evercore ISI | Analyst unavailable | $165 | $133.5 | +76.4% | May 8, 2026 |
| Craig-Hallum | Analyst unavailable | $190 | $116.69 | +103.1% | May 8, 2026 |
| KeyBanc | Jackson Ader | $195 | $116.69 | +108.5% | May 8, 2026 |
| Raymond James | Frank Louthan | $120 | $105.47 | +28.3% | Mar 12, 2026 |
| Raymond James | Frank Louthan | $100 | $99.02 | +6.9% | Feb 23, 2026 |
| Goldman Sachs | Analyst unavailable | $76 | $94.17 | -18.7% | Feb 23, 2026 |
| Piper Sandler | Analyst unavailable | $97 | $94.17 | +3.7% | Feb 23, 2026 |
| Scotiabank | Patrick Colville | $120 | $99.42 | +28.3% | Feb 20, 2026 |
| Susquehanna | Analyst unavailable | $120 | $98.89 | +28.3% | Feb 20, 2026 |
| Evercore ISI | Analyst unavailable | $115 | $99.26 | +23.0% | Feb 20, 2026 |
| Robert W. Baird | Analyst unavailable | $110 | $109.59 | +17.6% | Feb 20, 2026 |
| UBS | Roger Boyd | $110 | $109.59 | +17.6% | Feb 20, 2026 |
| KeyBanc | Analyst unavailable | $120 | $109.59 | +28.3% | Feb 20, 2026 |
| Morgan Stanley | Sanjit Singh | $120 | $109.59 | +28.3% | Feb 20, 2026 |
| Oppenheimer | Analyst unavailable | $115 | $92.68 | +23.0% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $115 | $88.12 | +23.0% | Jan 12, 2026 |
| Scotiabank | Analyst unavailable | $105 | $87.36 | +12.3% | Jan 9, 2026 |
| Piper Sandler | James Fish | $89 | $85.1 | -4.8% | Jan 5, 2026 |
| KeyBanc | Jackson Ader | $115 | $85.89 | +23.0% | Dec 15, 2025 |
| Oppenheimer | Analyst unavailable | $100 | $87.17 | +6.9% | Nov 17, 2025 |
| Piper Sandler | James Fish | $83 | $70.53 | -11.3% | Aug 8, 2025 |
| Morgan Stanley | Analyst unavailable | $85 | $73.65 | -9.1% | Aug 5, 2025 |
| Morgan Stanley | Keith Weiss | $90 | $73.81 | -3.8% | Apr 16, 2025 |
| Robert W. Baird | William Power | $115 | $101.02 | +23.0% | Nov 11, 2024 |
| HSBC | Stephen Bersey | $121 | $101.02 | +29.4% | Nov 11, 2024 |
| Scotiabank | Patrick Colville | $115 | $91.57 | +23.0% | Aug 9, 2024 |
| Craig-Hallum | Jeff Van Rhee | $125 | $91.57 | +33.6% | Aug 9, 2024 |
| RBC Capital | Mark Mahaney | $100 | $91.57 | +6.9% | Aug 9, 2024 |
| Guggenheim | Raymond McDonough | $128 | $96.97 | +36.9% | Jul 29, 2024 |
| HSBC | Stephen Bersey | $96 | $96.37 | +2.6% | Jul 24, 2024 |
| Piper Sandler | James Fish | $112 | $95.14 | +19.7% | Jul 15, 2024 |
| Scotiabank | Patrick Colville | $110 | $92.22 | +17.6% | Jul 8, 2024 |
| Susquehanna | Shyam Patil | $135 | $92.86 | +44.3% | May 10, 2024 |
| Piper Sandler | James Fish | $114 | $94.39 | +21.9% | May 10, 2024 |
| KeyBanc | Thomas Blakey | $119 | $94.48 | +27.2% | May 10, 2024 |
| D.A. Davidson | Rudy Kessinger | $125 | $101.44 | +33.6% | May 7, 2024 |
| Piper Sandler | James Fish | $136 | $105.82 | +45.4% | Apr 9, 2024 |
| Robert W. Baird | William Power | $135 | $110.16 | +44.3% | Mar 7, 2024 |
| Guggenheim | Ramond McDonnough | $75 | $78.66 | -19.8% | Feb 16, 2023 |
| Loop Capital Markets | Analyst unavailable | $91 | $87.49 | -2.7% | Feb 7, 2023 |
| Morgan Stanley | Keith Weiss | $102 | $95.81 | +9.1% | Aug 10, 2022 |
| Truist Financial | Analyst unavailable | $125 | $95.98 | +33.6% | Aug 10, 2022 |
| Morgan Stanley | Analyst unavailable | $102 | $92.26 | +9.1% | Aug 10, 2022 |
| RBC Capital | Analyst unavailable | $110 | $95.08 | +17.6% | Aug 10, 2022 |
| Morgan Stanley | Analyst unavailable | $110 | $90.65 | +17.6% | Jul 11, 2022 |
| Piper Sandler | Analyst unavailable | $102 | $93.13 | +9.1% | Jul 6, 2022 |
| Morgan Stanley | Analyst unavailable | $118 | $100.74 | +26.2% | May 4, 2022 |
| Piper Sandler | James Fish | $126 | $116.7 | +34.7% | Apr 25, 2022 |
| Tigress Financial | Ivan Feinseth | $168 | $109.94 | +79.6% | Jan 26, 2022 |
| KeyBanc | Thomas Blakey | $140 | $112.08 | +49.7% | Jan 18, 2022 |
| Morgan Stanley | Keith Weiss | $130 | $110.87 | +39.0% | Nov 3, 2021 |
| Truist Financial | Gregory P Miller | $140 | $105.13 | +49.7% | Nov 2, 2021 |
Track every rating change on AKAM the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAkamai Technologies, Inc. (AKAM) is a leading global provider of cloud services, specializing in the secure delivery, optimization, and protection of online content and business applications across the internet. The company's primary focus involves offering sophisticated cloud-based solutions designed to shield digital infrastructure, websites, applications (including APIs), and end-users from a wide array of cyberattacks and online threats, all while simultaneously enhancing performance. Akamai further excels in accelerating web and mobile experiences, facilitating dynamic and highly responsive websites and applications.…
Historical context
All AKAM earningsTechnology peers this season
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| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the AKAM recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-24T23:10:40.047609+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T23:10:40.043604+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.