Akamai (AKAM)

• Market cap: $13.7B
• 1 day: 0.56%
• 5 days: 2.32%
• 1 month: -6.52%
• 3 months: -13.10%
• 6 months: -6.36%
• Year to date: -4.62%
• 1 year: -22.68%
• 5 years: -4.51%
• 10 years: 52.57%
• 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 12% upside
• Avg. target: $112 23% upside
• High target: $120 32% upside

5 analyst ratings

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

Citigroup Fatima Boolani 64% 1-year accuracy 21 / 33 met price target	12% upside $102	Neutral Maintained	17 Jan 2025
Evercore ISI Group Amit Daryanani 63% 1-year accuracy 31 / 49 met price target	21% upside $110	Outperform Maintained	17 Dec 2024
Oppenheimer Timothy Horan 40% 1-year accuracy 8 / 20 met price target	32% upside $120	Outperform Upgraded	2 Dec 2024
Baird William Power 67% 1-year accuracy 16 / 24 met price target	26% upside $115	Outperform Maintained	11 Nov 2024
Scotiabank Patrick Colville 56% 1-year accuracy 20 / 36 met price target	23% upside $112	Sector Outperform Maintained	8 Nov 2024