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.
Akamai Technologies announced its agreement to acquire LayerX, a provider of browser-based AI usage control and secure enterprise browser technology, for approximately $205 million. This acquisition aims to strengthen Akamai's Zero Trust security por...
Akamai faces ongoing decline in its Content Delivery Network (CDN) segment due to tough competition, lower prices, and customers shifting to in-house solutions, making recovery unlikely. However, its Security segment shows strong growth and technical...
