Bank of America upgraded Akamai Technologies from Neutral to Buy, highlighting its transition from a legacy content delivery network to a key player in AI infrastructure. The upgrade follows a $1.8 billion cloud infrastructure deal and strong growth in its Cloud Infrastructure Services segment, driven by AI workloads. The bank raised its price target to $175 and expects revenue growth to accelerate from 7% in 2026 to 11% in 2027, with earnings per share rising through 2028. Risks include slower AI adoption and increased spending impacting margins.
An Akamai Technologies executive sold 3,100 shares as the company shifts focus from its declining content delivery network business to high-growth cloud infrastructure and cybersecurity services. This strategic pivot is supported by a $1.8 billion, s...
Akamai's 2026 security report reveals commerce is now the most targeted industry by cybercriminals due to rising AI bot traffic, which makes up nearly 48% of commerce network activity. The report highlights increasing Layer 7 DDoS attacks, sophistica...
Akamai Technologies is transitioning from its declining content delivery business to focus on cloud infrastructure and security, supported by a $1.8 billion, seven-year cloud contract. The company expects its Cloud Infrastructure Services to grow at ...
