Akamai (AKAM)

• Market cap: $14.2B
• 1 day: 0.00%
• 5 days: 3.43%
• 1 month: -1.96%
• 3 months: -10.19%
• 6 months: -1.68%
• Year to date: -0.74%
• 1 year: -22.30%
• 5 years: -0.92%
• 10 years: 56.18%
• Sector: Industrials
• Industry: Business Services

About: Akamai operates a content delivery network, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.

Employees: 10,250

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

40% more first-time investments, than exits

New positions opened: 94 | Existing positions closed: 67

7% more capital invested

Capital invested by funds: $13.4B [Q2] → $14.4B (+$933M) [Q3]

3% more funds holding

Funds holding: 652 [Q2] → 671 (+19) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 254

4.1% less ownership

Funds ownership: 97.81% [Q2] → 93.71% (-4.1%) [Q3]

15% less call options, than puts

Call options by funds: $1.03B | Put options by funds: $1.22B

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $102 8% upside
• Avg. target: $112 18% upside
• High target: $120 27% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Citigroup Fatima Boolani 83% 1-year accuracy 25 / 30 met price target	8% upside $102	Neutral Maintained	17 Jan 2025
Evercore ISI Group Amit Daryanani 69% 1-year accuracy 34 / 49 met price target	16% upside $110	Outperform Maintained	17 Dec 2024
Oppenheimer Timothy Horan 45% 1-year accuracy 9 / 20 met price target	27% upside $120	Outperform Upgraded	2 Dec 2024
Baird William Power 71% 1-year accuracy 17 / 24 met price target	21% upside $115	Outperform Maintained	11 Nov 2024
Scotiabank Patrick Colville 50% 1-year accuracy 21 / 42 met price target	18% upside $112	Sector Outperform Maintained	8 Nov 2024