Gain detailed insights into the trading activity of Congress members for Akamai Techs on our government trades page. Stay updated on how elected officials are investing in AKAM.

Akamai Techs - Government Trades

Akamai Techs

Akamai operates a content delivery network, or CDN, 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.

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Akamai Technologies Inc

Deep-pocketed investors have adopted a bullish approach towards Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AKAM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Akamai Techs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 30% bearish. Among these notable options, 6 are puts, totaling $299,970, and 7 are calls, amounting to $215,240.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $95.0 for Akamai Techs over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Akamai Techs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Akamai Techs's whale trades within a strike price range from $90.0 to $95.0 in the last 30 days. 
<h3>Akamai Techs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717776140_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.7</td>
<td>$8.5</td>
<td>$8.7</td>
<td>$92.50</td>
<td>$60.0K</td>
<td>1.1K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.8</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$92.50</td>
<td>$59.1K</td>
<td>1.1K</td>
<td style="text-align: right;">138</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.8</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$92.50</td>
<td>$53.9K</td>
<td>1.1K</td>
<td style="text-align: right;">266</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$92.50</td>
<td>$53.9K</td>
<td>1.1K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.7</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$92.50</td>
<td>$39.1K</td>
<td>1.1K</td>
<td style="text-align: right;">311</td>
</tr>
</tbody>
</table>

<h3>About Akamai Techs</h3>
Akamai operates a content delivery network, or CDN, 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.
Following our analysis of the options activities associated with Akamai Techs, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Akamai Techs</h3>
<ul>
<li>Trading volume stands at 255,159, with AKAM's price down by -0.14%, positioned at $89.89.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 60 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Akamai Techs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Akamai Techs Options Trading: A Deep Dive into Market Sentiment

Akamai Techs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NYSE">AKAM</a>) short percent of float has risen 6.08% since its last report. The company recently reported that it has 7.80 million shares sold short, which is 5.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.91 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Akamai Techs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717524016_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Akamai Techs has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Akamai Techs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Akamai Techs's peer group average for short interest as a percentage of float is 6.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Akamai Techs?

Whales with a lot of money to spend have taken a noticeably bullish stance on Akamai Techs.
Looking at options history for Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $267,640 and 3, calls, for a total amount of $127,090.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $95.0 for Akamai Techs over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Akamai Techs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Akamai Techs's whale trades within a strike price range from $85.0 to $95.0 in the last 30 days. 
<h3>Akamai Techs Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717085785_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.4</td>
<td>$10.0</td>
<td>$10.4</td>
<td>$90.00</td>
<td>$53.0K</td>
<td>1.3K</td>
<td style="text-align: right;">131</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$9.8</td>
<td>$9.6</td>
<td>$9.7</td>
<td>$95.00</td>
<td>$50.4K</td>
<td>1.2K</td>
<td style="text-align: right;">143</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$90.00</td>
<td>$46.8K</td>
<td>3.1K</td>
<td style="text-align: right;">287</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.7</td>
<td>$9.6</td>
<td>$9.7</td>
<td>$95.00</td>
<td>$46.5K</td>
<td>1.2K</td>
<td style="text-align: right;">208</td>
</tr>
<tr>
<td>AKAM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.8</td>
<td>$9.5</td>
<td>$9.7</td>
<td>$95.00</td>
<td>$45.5K</td>
<td>1.2K</td>
<td style="text-align: right;">256</td>
</tr>
</tbody>
</table>

<h3>About Akamai Techs</h3>
Akamai operates a content delivery network, or CDN, 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.
Following our analysis of the options activities associated with Akamai Techs, we pivot to a closer look at the company's own performance.
<h3>Where Is Akamai Techs Standing Right Now?</h3>
<ul>
<li>With a volume of 1,029,215, the price of AKAM is up 0.65% at $91.43. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 68 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Akamai Techs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Akamai Techs's Options Market Dynamics

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/24/24</td>
<td>$170.00</td>
<td>$30.5K</td>
<td>20.4K</td>
<td>45.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/24/24</td>
<td>$950.00</td>
<td>$177.9K</td>
<td>1.8K</td>
<td>6.9K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/24/24</td>
<td>$1000.00</td>
<td>$31.8K</td>
<td>1.9K</td>
<td>5.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/24/24</td>
<td>$127.00</td>
<td>$33.4K</td>
<td>4.2K</td>
<td>4.2K</td>
</tr>
<tr>
<td>SEDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$55.00</td>
<td>$290.0K</td>
<td>375</td>
<td>1.0K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$51.8K</td>
<td>31.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AKAM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$95.00</td>
<td>$89.6K</td>
<td>3.1K</td>
<td>635</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.00</td>
<td>$127.9K</td>
<td>1.2K</td>
<td>620</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$28.0K</td>
<td>243</td>
<td>605</td>
</tr>
<tr>
<td>NICE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$220.00</td>
<td>$39.1K</td>
<td>1.7K</td>
<td>573</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on May 24, 2024. This event was a transfer of 100 contract(s) at a $170.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $304.0 per contract. There were 20472 open contracts at this strike prior to today, and today 45116 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with neutral sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 43 contract(s) at a $950.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $177.9K, with a price of $4150.0 per contract. There were 1873 open contracts at this strike prior to today, and today 6902 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 30 contract(s) at a $1000.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $1060.0 per contract. There were 1933 open contracts at this strike prior to today, and today 5661 contract(s) were bought and sold. 
• Regarding ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on May 24, 2024. Parties traded 833 contract(s) at a $127.00 strike. This particular call needed to be split into 41 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $40.0 per contract. There were 4296 open contracts at this strike prior to today, and today 4262 contract(s) were bought and sold. 
• For SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we notice a call option trade that happens to be bearish, expiring in 60 day(s) on July 19, 2024. This event was a transfer of 1000 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $290.0K, with a price of $290.0 per contract. There were 375 open contracts at this strike prior to today, and today 1076 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option trade with neutral sentiment. It expires in 242 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $51.8K, with a price of $259.0 per contract. There were 31554 open contracts at this strike prior to today, and today 1024 contract(s) were bought and sold. 
• For AKAM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), we notice a call option sweep that happens to be bullish, expiring in 305 day(s) on March 21, 2025. This event was a transfer of 72 contract(s) at a $95.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $89.6K, with a price of $1241.0 per contract. There were 3128 open contracts at this strike prior to today, and today 635 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bearish, expiring in 242 day(s) on January 17, 2025. This event was a transfer of 294 contract(s) at a $8.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $127.9K, with a price of $435.0 per contract. There were 1209 open contracts at this strike prior to today, and today 620 contract(s) were bought and sold. 
• For APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we notice a call option sweep that happens to be bullish, expiring in 179 day(s) on November 15, 2024. This event was a transfer of 51 contract(s) at a $110.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $550.0 per contract. There were 243 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• Regarding NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>), we observe a call option trade with bullish sentiment. It expires in 88 day(s) on August 16, 2024. Parties traded 67 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $39.1K, with a price of $585.0 per contract. There were 1753 open contracts at this strike prior to today, and today 573 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Analysts' ratings for Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) over the last quarter vary from bullish to bearish, as provided by 13 analysts.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $119.77, a high estimate of $140.00, and a low estimate of $92.00. A decline of 9.69% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1715954456_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Akamai Techs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Elias</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$129.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$119.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Frank Louthan</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Jeff Van Rhee</td>
<td>Craig-Hallum</td>
<td>Lowers</td>
<td>Hold</td>
<td>$110.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Keith Weiss</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$106.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Mark Mahaney</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$92.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>James Fish</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$114.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>Aaron Samuels</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$135.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Madeline Brooks</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$125.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>William Power</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Fatima Boolani</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$117.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$140.00</td>
<td>$132.00</td>
</tr>
<tr>
<td>William Power</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$128.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Akamai Techs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Akamai Techs compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Akamai Techs's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Akamai Techs's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AKAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Akamai Techs analyst ratings.</a>
<h2>All You Need to Know About Akamai Techs</h2>
Akamai operates a content delivery network, or CDN, 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.
<h3>A Deep Dive into Akamai Techs's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Akamai Techs displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 7.78%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Akamai Techs's net margin is impressive, surpassing industry averages. With a net margin of 17.77%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Akamai Techs's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 3.8%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Akamai Techs's ROA stands out, surpassing industry averages. With an impressive ROA of 1.77%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Akamai Techs's debt-to-equity ratio is below the industry average. With a ratio of 0.99, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Akamai Techs Stock: Analyst Perspectives (13 Ratings)

Needham analyst Alex Henderson reiterates Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Akamai Techs

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Coupang</h3>
<ul>
<li>The Trade: Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) Director Neil Mehta <a href="https://www.benzinga.com/quote/CPNG/analyst-ratings">acquired a total of 918,789 shares</a> at an average price of $22.19. To acquire these shares, it cost around $20.39 million.</li>
<li>What's Happening: On May 7, Coupang posted mixed first-quarter financial results.</li>
<li>What Coupang Does: Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings.</li>
</ul>
<h3 class="wp-block-heading">Vestis</h3>
<ul>
<li>The Trade: Vestis Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) EVP and CFO Ricky T Dillon acquired a total of 16,200 shares at an average price of $12.43. To acquire these shares, it cost around $201,320.</li>
<li>What's Happening: On May 7, Redburn Atlantic analyst Oliver Davies downgraded Vestis from Buy to Neutral.</li>
<li>What Vestis Does: Vestis Corp is a provider of uniform rentals and workplace supplies across the United States and Canada.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Akamai Technologies</h3>
<ul>
<li>The Trade: Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) CEO F Thomson Leighton <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 22,000 shares</a> at an average price of $92.68. To acquire these shares, it cost around $2.04 million.</li>
<li>What's Happening: On May 9, Akamai issued weak guidance.</li>
<li>What Akamai Technologies Does: Akamai operates a content delivery network, or CDN, 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.</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/earnings/24/05/38835371/cisco-prestige-consumer-healthcare-and-3-stocks-to-watch-heading-into-wednesday">Cisco, Prestige Consumer Healthcare And 3 Stocks To Watch Heading Into Wednesday</a>

TD Cowen analyst Michael Elias maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Buy and lowers the price target from $130 to $129.

TD Cowen Maintains Buy on Akamai Techs, Lowers Price Target to $129

Keybanc analyst Brandon Nispel maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Overweight and lowers the price target from $138 to $119.

Keybanc Maintains Overweight on Akamai Techs, Lowers Price Target to $119

Raymond James analyst Frank Louthan maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Outperform and lowers the price target from $138 to $115.

Raymond James Maintains Outperform on Akamai Techs, Lowers Price Target to $115

Shares of Diodes Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) fell sharply during Friday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/DIOD/earnings">quarterly financial results</a>.
Diodes posted adjusted earnings of 28 cents per share, missing market estimates of 31 cents per share. The company's quarterly sales came in at $301.97 million missing expectations of $305.01 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Diodes shares dipped 9.8% to $68.99 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) shares jumped 139% to $10.73 after the company and Sanofi announced a co-exclusive licensing agreement to commercialize a COVID-19 vaccine and develop COVID-influenza combination vaccines.</li>
<li>iTeos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITOS#NASDAQ">ITOS</a>) gained 40% to $17.06 after the company announced a $120 million registered direct offering and reported Q1 financial results.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares climbed 39.8% to $1.65 after the company disclosed a partnership with LITEON Technology Corporation.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) shares climbed 39.4% to $32.86 after the company reported better-than-expected first-quarter sales results.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) gained 34.3% to $13.90 after the company reported better-than-expected first-quarter financial results.</li>
<li>Organogenesis Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGO#NASDAQ">ORGO</a>) rose 32% to $3.02 following upbeat quarterly results.</li>
<li>Inseego Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) gained 31.4% to $5.05 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) surged 26.3% to $13.99 after the company reported better-than-expected first-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Sensus Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRTS#NASDAQ">SRTS</a>) shares rose 22.5% to $4.6699 after the company reported better-than-expected first-quarter financial results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) gained 22.3% to $12.85 after the company reported better-than-expected first-quarter results.</li>
<li>Standard Lithium Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLI#NYSE">SLI</a>) jumped 21.8% to $1.90 after the company reported better-than-expected quarterly GAAP EPS results.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) rose 21% to $8.39 after the company reported better-than-expected first-quarter financial results and issued strong revenue guidance.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares gained 19.3% to $5.66 in pre-market trading after the company reported better-than-expected first quarter financial results.</li>
<li>American Coastal Insurance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) rose 17.2% to $12.79 after the company reported better-than-expected first quarter financial results. The company announced the sale of 100% of its issued and outstanding stock of Interboro Insurance Company to Forza Insurance Holdings.</li>
<li>Global Gas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HGAS#NASDAQ">HGAS</a>) rose 15.3% to $1.28.</li>
<li>Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) gained 15% to $23.42 after the company reported better-than-expected quarterly earnings and authorized a $3 billion share repurchase program.</li>
<li>Mettler-Toledo International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTD#NYSE">MTD</a>) gained 14.6% to $1,478.49 after the company reported better-than-expected first-quarter financial results and issued guidance.</li>
<li>SkyWater Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>) rose 14.4% to $7.61.</li>
<li>Clean Energy Fuels Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) climbed 13.6% to $2.74 following upbeat quarterly results.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NASDAQ">NGVC</a>) gained 13.2% to $20.19 following second-quarter results.</li>
<li>Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) rose 11.3% to $106.36 following strong first-quarter earnings.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) jumped 11% to $6.50 following first-quarter results.</li>
<li>Integral Ad Science Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>) gained 8.8% to $9.12 after the company reported better-than-expected first-quarter sales results and issued FY24 revenue guidance above estimates.</li>
<li>Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) jumped 8.7% to $35.68 after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $33 to $46.</li>
<li>Funko Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) gained 7% to $7.30 as the company reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20.</li>
<li>Genpact Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/G#NYSE">G</a>) gained 6.8% to $34.26 after the company reported better-than-expected first-quarter financial results and raised its FY24 EPS range.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) shares rose 3.5% to $12.94 after the company reported stronger-than-expected financial results for the first quarter on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>MacroGenics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) shares fell 73.4% to $3.9089 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) fell 37.2% to $0.0439 after jumping 20% on Thursday.</li>
<li>Flux Power Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUX#NASDAQ">FLUX</a>) dipped 35.8% to $2.9350 after the company reported worse-than-expected quarterly financial results.</li>
<li>Antelope Enterprise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) fell 29.3% to $1.30 after the company announced second half and full year 2023 financial results.</li>
<li>Evolv Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) fell 29.2% to $2.7290 after the company reported worse-than-expected first-quarter financial results and lowered its FY24 sales guidance below estimates.</li>
<li>Revance Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVNC#NASDAQ">RVNC</a>) fell 27% to $3.0950 as the company posted a loss for its first quarter on Thursday.</li>
<li>Biofrontera Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BFRI#NASDAQ">BFRI</a>) fell 26.6% to $1.16.</li>
<li>American Vanguard Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVD#NYSE">AVD</a>) dipped 22.2% to $9.84 following weak quarterly results.</li>
<li>UTime Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) dipped 22% to $0.25.</li>
<li>The Beauty Health Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKIN#NASDAQ">SKIN</a>) fell 22% to $2.80 following quarterly results.</li>
<li>MicroVision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares fell 21.6% to $1.27 after the company reported worse-than-expected first-quarter GAAP EPS results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares fell 21.5% to $25.51 after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares declined 20.7% to $0.0579 after the company reported worse-than-expected first quarter financial results.</li>
<li>The E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) dipped 19.7% to $3.71 following quarterly results.</li>
<li>CS Disco, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAW#NYSE">LAW</a>) fell 19.6% to $6.50 following weak sales.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares fell 18.4% to $0.6937 after jumping around 37% on Thursday.</li>
<li>Docebo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) fell 18.2% to $37.99.</li>
<li>JFrog Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares fell 17.7% to $33.43 after the company reported first quarter financial results.</li>
<li>Ginkgo Bioworks Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNA#NYSE">DNA</a>) shares fell 17.3% to $0.7606 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) fell 15.6% to $11.35 following first-quarter financial results.</li>
<li>Gritstone bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares declined 14.4% to $0.8320 after the company reported worse-than-expected first quarter GAAP EPS results.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) shares fell 12.8% to $4.0850 after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) declined 12.2% to $14.72.</li>
<li>Arrowhead Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) fell 11.1% to $21.97 after the company reported second-quarter financial results.</li>
<li>AMN Healthcare Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) fell 9.5% to $55.08 following first-quarter results.</li>
<li>Evolent Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) fell 8.4% to $24.69 after the company reported first-quarter financial results.</li>
<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) fell 8.1% to $94.16 after the company issued weak guidance.</li>
<li>Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>) declined 7.8% to $17.28 following second-quarter financial results.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) dipped 7.4% to $3.3399.</li>
<li>MoonLake Immunotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLTX#NASDAQ">MLTX</a>) fell 7% to $39.02.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) fell 5% to $33.13. BMO Capital analyst James Fotheringham maintained Affirm with a Market Perform and lowered the price target from $48 to $46.</li>
<li>Runway Growth Finance Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWAY#NASDAQ">RWAY</a>) shares fell 4.1% to $11.61 as the company priced its secondary offering of 3.75 million common stock by selling stockholder at $11.50 per share.</li>
<li>Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) shares declined 3.6% to $38.20 after the company reported a first-quarter revenue miss.</li>
</ul>
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Why Diodes Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Craig-Hallum analyst Jeff Van Rhee maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Hold and lowers the price target from $120 to $110.

Craig-Hallum Maintains Hold on Akamai Techs, Lowers Price Target to $110

Morgan Stanley analyst Keith Weiss maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Equal-Weight and lowers the price target from $117 to $106.

Morgan Stanley Maintains Equal-Weight on Akamai Techs, Lowers Price Target to $106

RBC Capital analyst Mark Mahaney maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Sector Perform and lowers the price target from $115 to $92.

RBC Capital Maintains Sector Perform on Akamai Techs, Lowers Price Target to $92

Piper Sandler analyst James Fish maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Overweight and lowers the price target from $136 to $114.

Piper Sandler Maintains Overweight on Akamai Techs, Lowers Price Target to $114

Revance Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) posted a loss for its <a href="https://www.benzinga.com/quote/RVNC/earnings">first quarter on Thursday</a>.
Revance Therapeutics posted a GAAP loss of 54 cents per share, compared to market expectations for a loss of 63 cents per share. The company's quarterly sales came in at $51.936 million versus estimates of $56.634 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
&#8220;We are very pleased to see the DAXXIFY strategy change continue to drive the desired momentum and market share gains. Notably, we saw a healthy uptick in volume both on a year-on-year basis, where aesthetic units sold increased by 105%, and on a sequential quarterly basis where aesthetic units sold increased by 7% despite traditional Q4 to Q1 seasonality. The positive impact of our strategy change was further reflected in our market share gains where DAXXIFY&#8217;s share increased from 3.0% in Q4&#8217;23 to 3.7% in Q1&#8217;24.1 DAXXIFY&#8217;s net revenue was $22.1 million for the quarter, after a reduction of $2.0 million related to a consumer coupon program. In addition, the RHA Collection continued to outpace the market growing share from 9.1% in Q4&#8217;23 to 9.8%1 in Q1&#8217;24, against the backdrop of a soft filler market,&#8221; said Mark J. Foley, President and Chief Executive Officer.
Revance continues to expect 2024 total net product revenue, which includes sales of DAXXIFY and RHA collection, to be at least $280 million.
Revance Therapeutics shares rose 0.5% to close at $4.29 on Thursday.
These analysts made changes to their price targets on Revance Therapeutics following earnings announcement.
<ul>
<li>Needham cut the price target on Revance Therapeutics from $18 to $12. Needham analyst Serge Belanger maintained a Buy rating.</li>
<li>Mizuho slashed the price target on Revance Therapeutics from $9 to $8. Mizuho analyst Vamil Divan maintained a Neutral rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38757985/top-2-materials-stocks-that-could-blast-off-this-quarter">Top 2 Materials Stocks That Could Blast Off This Quarter</a>

Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) posted upbeat earnings for its first quarter, but <a href="https://www.benzinga.com/quote/AKAM/earnings">issued weak guidance</a>.
Akamai Technologies posted quarterly adjusted earnings of $1.64 per share, beating market estimates of $1.61 per share. The company's sales came in at $987.000 million, versus expectations of $989.261 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
&#8220;We are pleased with our continuing execution on our long-term strategy to drive revenue growth in our security and compute solutions,&#8221; said Dr. Tom Leighton, Akamai&#8217;s Chief Executive Officer. &#8220;Both solutions had a strong start to 2024 and collectively grew more than 20% year-over-year, representing almost two-thirds of total revenue. We&#8217;re particularly excited about our planned acquisition of Noname Security, which will enhance Akamai&#8217;s existing API Security solution and accelerate our ability to meet growing customer demand.&#8221;
Akamai said it sees second-quarter adjusted earnings of $1.51 to $1.56 per share, versus estimates of $1.63 per share. The company expects revenue of $967 million to $986 million, versus expectations of $1 billion.
The company said it sees FY24 adjusted EPS of $6.20 to $6.40 compared to market estimates of $6.73. It expects revenue of $3.95 billion to $4.02 billion, versus expectations of $4.08 billion, according to data from Benzinga Pro.
Akamai Technologies shares rose 0.3% to close at $102.46 on Thursday.
These analysts made changes to their price targets on Akamai Technologies following earnings announcement.
<ul>
<li>Baird cut the price target on Akamai Technologies from $135 to $120. Baird analyst William Power maintained an Outperform rating.</li>
<li>B of A Securities slashed the price target on Akamai Technologies from $145 to $125. B of A Securities analyst Madeline Brooks maintained a Buy rating.</li>
<li>Susquehanna lowered the price target on Akamai Technologies from $150 to $135. Susquehanna analyst Aaron Samuels maintained a Positive rating.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38757985/top-2-materials-stocks-that-could-blast-off-this-quarter">Top 2 Materials Stocks That Could Blast Off This Quarter</a>

Susquehanna analyst Aaron Samuels maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Positive and lowers the price target from $150 to $135.

Susquehanna Maintains Positive on Akamai Techs, Lowers Price Target to $135

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Mizuho cut the price target for Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) from $45 to $35. Mizuho analyst Vijay Rakesh maintained a Buy rating. Allegro MicroSystems shares fell 5.8% to close at $27.67 on Thursday. <a href="https://www.benzinga.com/quote/ALGM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group cut the price target for Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) from $21 to $20. Evercore ISI Group analyst James West maintained an Outperform rating. Bloom Energy shares fell 0.5% to close at $11.74 on Thursday.<a href="https://www.benzinga.com/quote/BE/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>B of A Securities cut Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) price target from $145 to $125. B of A Securities analyst Madeline Brooks maintained a Buy rating. Akamai shares rose 0.3% to close at $102.46 on Thursday. <a href="https://www.benzinga.com/quote/AKAM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed the price target for Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) from $44 to $39. Baird analyst Colin Sebastian maintained a Neutral rating. Yelp shares rose 1% to close at $39.62 on Thursday. <a href="https://www.benzinga.com/quote/YELP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) price target from $24 to $25. Needham analyst Chris Pierce maintained a Buy rating. CarGurus shares rose 0.6% to close at $22.28 on Thursday. <a href="https://www.benzinga.com/quote/CARG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird increased Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) price target from $165 to $180. Baird analyst Ghansham Panjabi maintained an Outperform rating. Celanese shares fell 1.1% to close at $161.42 on Thursday. <a href="https://www.benzinga.com/quote/CE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC raised the price target for 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) from $91.13 to $115. HSBC analyst Wesley Brooks upgraded the stock from Hold to Buy. 3M shares rose 1% to close at $97.33 on Thursday. <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel cut Planet Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) price target from $80 to $70. Stifel analyst Chris O&#8217;Cull downgraded the stock from Buy to Hold. Planet Fitness shares gained 5.6% to close at $65.32 on Thursday. <a href="https://www.benzinga.com/quote/PLNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen increased Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) price target from $33 to $46. TD Cowen analyst Andrew Charles upgraded the stock from Hold to Buy. Dutch Bros shares gained 3.2% to close at $32.80 on Thursday. <a href="https://www.benzinga.com/quote/BROS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer raised EverCommerce Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVCM#NASDAQ">EVCM</a>) price target from $11 to $12. Oppenheimer analyst Brian Schwartz maintained an Outperform rating. EverCommerce shares fell 1.7% to close at $9.69 on Thursday. <a href="https://www.benzinga.com/quote/EVCM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: Top 2 Materials Stocks That Could Blast Off This Quarter

B of A Securities analyst Madeline Brooks maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Buy and lowers the price target from $145 to $125.

B of A Securities Maintains Buy on Akamai Techs, Lowers Price Target to $125

In a report released today, Timothy Horan from Oppenheimer maintained a Hold rating on Akamai (AKAM – Research Report). The company's shares closed...

Oppenheimer Reaffirms Their Hold Rating on Akamai (AKAM)

Akamai falls after softer outlook; analysts concerned on Delivery business

Biggest stock movers today: NVAX, SG, AKAM, MGNX and more

Friday's price action is mirroring the week on Wall Street; the Dow Jones Industrial Average leads the charge, while the S&P 500 Index and Nasdaq Composite lag behind.

Dow Stares Down Best Win Streak Since July

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Datacenter power consumption is <a href="https://www.globest.com/2024/01/11/u-s-data-center-demand-will-double-by-2030/?slreturn=20240412133125">predicted to more than double</a> in the next six years, thanks to datacenter expansion. This growth is needed to process the huge amounts of data that supports AI and machine learning. Of course, the use of AI and machine learning will <a href="https://www.gao.gov/blog/artificial-intelligences-use-and-rapid-growth-highlight-its-possibilities-and-perils">rapidly </a>grow in the coming years as more companies and government agencies utilize these tools on a wide scale. As a result, the demand for data will keep growing exponentially for the foreseeable future, causing the revenue generated by datacenters to soar. Additionally, the top and bottom lines of the firms that sell equipment to these datacenters ill surge going forward. For investors who want to exploit these trends, here are three top data infrastructure stocks to buy.



<h2>Akamai (AKAM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/akam-stock-1-300x169.jpg" alt="building facade with akamai (AKAM) logo on it. representing tech stocks"><div>Source: Ken Wolter / Shutterstock.com</div></div>Earlier this year, Akamai (NASDAQ:<a href="https://investorplace.com/stock-quotes/akam-stock-quote/">AKAM</a>) <a href="https://siliconangle.com/2024/02/13/akamais-gecko-initiative-deploys-compute-edge-create-worlds-distributed-cloud-platform/">announced that its </a>content delivery network would start offering cloud-computing services. So, it seems that the company is turning into a de facto owner and operator of datacenters.



Moreover, Akamai&rsquo;s content delivery network sites are usually located very close to its customers&rsquo; offices. Consequently, its clients can utilize multiple applications, including AI and streaming media, more effectively. And Akamai&rsquo;s customers can even deploy new offerings, including spatial computing, consumer and industrial IoT applications.



With Akamai becoming a datacenter operator and benefiting from competitive advantages compared to most existing datacenters, its long-term outlook appears bright.



Akamai <a href="https://finance.yahoo.com/quote/AKAM/key-statistics">has a low forward price-earnings </a>ratio of 13.6 times. 



<h2>Vertiv (VRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/vrtv-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for Veritiv (VRTV)."><div>Source: Casimiro PT / Shutterstock.com</div></div>Vertiv&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/vrt-stock-quote/">VRT</a>)&nbsp;<a href="https://finance.yahoo.com/quote/VRT/profile">provides&nbsp;</a>monitoring systems and power management products for datacenters. As a result, the company is ideally positioned to get a big boost from the proliferation of datacenters.



Last quarter the company&rsquo;s orders <a href="https://seekingalpha.com/pr/19697838-vertiv-reports-60-percent-organic-orders-growth-8-percent-net-sales-growth-in-first-quarter?hasComeFromMpArticle=false">soared 60% versus</a> the same period a year earlier, bringing its backlog to a huge $6.3 billion. Further, its operating profit climbed 42% year-over-year. And if the firm&rsquo;s adjusted operating profit comes in at the midpoint of its guidance range, the metric will increase 28% compared with 2023. The company<a href="https://seekingalpha.com/pr/19697838-vertiv-reports-60-percent-organic-orders-growth-8-percent-net-sales-growth-in-first-quarter?hasComeFromMpArticle=false"> is also benefiting from </a>AI-driven demand.



Last month, prominent investment bank Oppenheimer <a href="https://seekingalpha.com/news/4087601-vertiv-rises-as-investment-bank-oppenheimer-initiates-coverage-with-outperform-rating">started coverage of </a>VERT stock with a $96 price target and an &ldquo;outperform&rdquo; rating. Oppenheimer referred to Vertiv as an AI infrastructure player. It&rsquo;s well positioned for growth and wallet share gains due to sustainable&nbsp;competitive differentiation in datacenter power and thermal management.



Vertiv&rsquo;s strong financial results and powerful, positive catalysts make it one of the top data infrastructure stocks to buy.



<h2>Arista Networks (ANET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/arista_anet1600-300x169.jpg" alt="Image of Arista Networks (ANET) logo on the side of a building. data infrastructure stocks to buy"><div>Source: Sundry Photography / Shutterstock.com</div></div>Arista Networks (NYSE:<a href="https://investorplace.com/stock-quotes/anet-stock-quote/">ANET</a>) sells datacenter hardware, such as switches, <a href="https://www.arista.com/en/solutions/cloud-scale-routing">routing products</a> and VPNs. 



The company is well-positioned to gain market share in the $45 billion Ethernet network switches market. Its switches are able to integrate more easily into the most advanced chips than Cisco&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) switches. As a result, Arista, with a 10% share of the Ethernet switches market as of last year, is poised to take share from Cisco, which had a 40% share.



Also importantly, Arista <a href="https://seekingalpha.com/article/4660107-arista-networks-enabling-ai-data-center-workloads">has a market-leading </a>35% share of the high-speed switching market, which are becoming much more prevalent in datacenters. Moreover, the latter trend is expected to intensify in the coming years.



On the date of publication, Larry Ramer held a long position in ANET. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-data-infrastructure-stocks-poised-to-soar-on-skyrocketing-demand/">3 Data Infrastructure Stocks Poised to Soar on Skyrocketing Demand</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Data Infrastructure Stocks Poised to Soar on Skyrocketing Demand

The latest update is out from Akamai (AKAM). At Akamai Technologies' annual stockholders' meeting, key decisions included the approval of the amend...

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Analysts fell to the sidelines weighing in on Globant SA (GLOB – Research Report) and Akamai (AKAM – Research Report) with neutral ratings, indicat...

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While the innovation ecosystem has rightfully commanded much of the attention on Wall Street, investors may want to consider profitable <a href="https://investorplace.com/industries/technology/">tech stocks</a>. As circumstances become more challenging, it&rsquo;s the substantive enterprises that may last for the long haul.



That&rsquo;s not to take anything away from the growth-oriented enterprises. Certainly, the often-smaller companies that eschew profits for expanding their market can potentially see enormous returns. At the same time, they carry tremendous risks.



With inflation still high and consumers still struggling, it may be prudent to have some exposure to established names. On that note, below are intriguing ideas for profitable tech stocks.



<h2>Palo Alto Networks (PANW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw-stock-1-300x169.jpg" alt="Palo Alto Networks (PANW) logo on corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div>Based in Santa Clara, California, Palo Alto Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/panw-stock-quote/">PANW</a>) focuses on the infrastructure software space. <a href="https://finance.yahoo.com/quote/PANW/profile/">Per its public profile</a>, the company provides cybersecurity solutions worldwide. In particular, it offers firewall appliances and software. It also brings to the table Panorama, a security management solution. Analysts rate shares a <a href="https://www.tipranks.com/stocks/panw/forecast">consensus moderate buy</a> with a $335.32 average price target.



Financially, it&rsquo;s a consistent performer. In the past four quarters, the company posted an average positive earnings surprise of 15.53%. On a trailing-12-month (<a href="https://investorplace.com/stock-quotes/ttm-stock-quote/">TTM</a>) basis, the company has printed net income of $2.28 billion. That said, the company just became profitable.



Still, experts anticipate that the trend will continue to evolve in the right direction. For the current fiscal year, they&rsquo;re <a href="https://finance.yahoo.com/quote/PANW/analysis">targeting earnings per share of $5.51</a> on revenue of $7.99 billion. Last year, the company posted EPS of $4.44 on sales of $6.89 billion. For fiscal 2025, earnings could rise to $6.16 on sales of $9.13 billion.



It&rsquo;s one of the profitable tech stocks to consider, especially amid the rising cybersecurity threat profile.



<h2>GlobalFoundries (GFS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/gfs1600-300x169.png" alt="In this photo illustration GlobalFoundries (GFS) Inc. logo is seen on a mobile phone screen."><div>Source: viewimage / Shutterstock.com</div></div>Headquartered in Malta, New York, GlobalFoundries (NASDAQ:<a href="https://investorplace.com/stock-quotes/gfs-stock-quote/">GFS</a>) operates in the semiconductor space. <a href="https://finance.yahoo.com/quote/GFS/profile">Per its corporate profile</a>, GlobalFoundries provides a range of mainstream wafer fabrication services and technologies worldwide. It also manufactures various semiconductor devices, including microprocessors, mobile application processors and radio frequency (<a href="https://investorplace.com/stock-quotes/rf-stock-quote/">RF</a>) modems, to name but a few. Analysts rate shares a consensus moderate buy with a $59.33 average price target.



On a TTM basis, GlobalFoundries features a <a href="https://finance.yahoo.com/quote/GFS/key-statistics">net income of $899 million</a>. Per Yahoo Finance, the company&rsquo;s profit margin stands at 12.66%. Its return on equity comes in at 8.31%. In the past four quarters since the end of the first quarter of 2024, GlobalFoundires&rsquo; average positive earnings surprise clocked in at 16.38%.



For fiscal 2024, experts believe that EPS will land at $1.34 on revenue of $6.68 billion. That&rsquo;s disappointing compared to last year&rsquo;s results of $2.24 EPS on sales of $7.39 billion. However, by fiscal 2025, the trend could improve, with EPS possibly rising to $2.07 on revenue of $7.64 billion. Given the importance of semiconductor supply chain diversification, GFS ranks among the top profitable tech stocks to buy.



<h2>Broadcom (AVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div>Hailing from Palo Alto, California, Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/">AVGO</a>) is another semiconductor powerhouse. <a href="https://finance.yahoo.com/quote/AVGO/profile">Per its public profile</a>, the company designs, develops and supplies various computer-chip-related devices with a focus on complex and mixed-signal complementary metal oxide semiconductor devices and analog-based products. One of its mainline specialties involves System on Chips (SoCs). It&rsquo;s a strong buy, with experts projecting a <a href="https://www.tipranks.com/stocks/avgo/forecast">price target of $1,571.55</a>.



Financially, Broadcom isn&rsquo;t exactly exciting; rather, it simply gets the job done. In the past four quarters, the company&rsquo;s average positive earnings surprise came out to 2.78%. Net income on a TTM basis stands at $11.58 billion. Further, its profit margin comes in at just under 30%, with an operating margin of 31.76%.



Analysts believe that for fiscal 2024, the company will post EPS of $46.92 on revenue of $50.35 billion. That&rsquo;s a sizable lift from last year&rsquo;s print of earnings of $42.25 on sales of $35.82 billion. Further, in fiscal 2025, EPS could improve again to $57 with a top line of $57.27 billion. As a key building block in the innovation space, AVGO is one of the profitable tech stocks.



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/msft1600-2-300x169.png" alt="Wide angle view of a Microsoft sign at the headquarters for personal computer and cloud computing company, with office building in the background.. MSFT stock"><div>Source: VDB Photos / Shutterstock.com</div></div>A company that really needs no introduction, tech juggernaut Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) involves itself in myriad circles. Most recently, the company has made waves for its huge investments in artificial intelligence, which is paying off handsomely. However, Microsoft also forms the bread and butter of business applications, especially with its Office 365 software. Unsurprisingly, analysts rate shares a <a href="https://www.tipranks.com/stocks/msft/forecast">strong buy</a> with a $489.90 price target.



Over the past four quarters since Q1 2024, Microsoft&rsquo;s average positive earnings surprise stands at 6.98%. Net income on a TTM basis comes in at $86.18 billion. Currently, quarterly earnings growth is clocking in at an impressive 19.9% on a year-over-year basis. Further, its profit margin is 36.43%, with an operating margin of 44.59%.



For fiscal 2024, experts believe EPS will rise to $10.91 on sales of $226.53 billion. That would be another decent performance compared with last year&rsquo;s results of $9.81 EPS on sales of $211.91 billion. Further, fiscal 2025 EPS could jump to $12.26 with a top line of $259.13 billion. It&rsquo;s easily one of the profitable tech stocks to buy.



<h2>ASML (ASML)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/asml-1600-300x169.png" alt="Closeup of mobile phone screen with ASML logo on computer keyboard"><div>Source: Ralf Liebhold / Shutterstock</div></div>Based in the Netherlands, ASML (NASDAQ:<a href="https://investorplace.com/stock-quotes/asml-stock-quote/">ASML</a>) ranks as one of the most important tech enterprises. Falling under the semiconductor equipment and materials category, ASML develops, markets, sells and services advanced manufacturing systems for chipmakers. Specifically, it&rsquo;s best known for its lithography systems. Given the massive pertinence of the business, analysts rate shares a <a href="https://www.tipranks.com/stocks/asml/forecast">unanimous strong buy</a>. The average price target is $1,093.50.



Financially, as you might expect, it&rsquo;s a consistent performer. In the past four quarters since Q1, the average quarterly earnings surprise comes in at 8.18%. On a TTM basis, net income lands at $7.11 billion. Further, the company&rsquo;s profit margin clocks in at 27.23%, while its operating margin is 26.3%. Notably, its return on equity shoots up to 60.28%.



For fiscal 2024, analysts believe that EPS will come in at $20.68 on revenue of $29.96 billion. That&rsquo;s somewhat disappointing compared to last year&rsquo;s EPS of $21.22 with a top line of $29.4 billion. However, fiscal 2025 could be a big year, with EPS flying to $32.27 on revenue of $39.7 billion. It&rsquo;s one of the profitable tech stocks to keep on your radar.



<h2>Akamai (AKAM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/akam-stock-1-300x169.jpg" alt="building facade with akamai (AKAM) logo on it. representing tech stocks"><div>Source: Ken Wolter / Shutterstock.com</div></div>Headquartered in Cambridge, Massachusetts, Akamai (NASDAQ:<a href="https://investorplace.com/stock-quotes/akam-stock-quote/">AKAM</a>) specializes in the infrastructure software ecosystem. <a href="https://finance.yahoo.com/quote/AKAM/profile/">Per its corporate profile</a>, Akamai provides cloud computing, security and content delivery services in the U.S. and international markets. Specifically, it offers cloud solutions to keep infrastructure, websites and applications protected from cyberattacks. Analysts rate shares a <a href="https://www.tipranks.com/stocks/akam/forecast">consensus moderate buy</a> with a $116.62 average price target.



As with other profitable tech stocks on this list, Akamai&rsquo;s financials aren&rsquo;t astounding. It gets the job done. In the past four quarters since Q1 2024, the company&rsquo;s average positive surprise came out to 5.48%. Net income on a TTM basis lands at $625.94 million. Profit margin is up at 16.12% while the operating margin lands at 16.97%.



For fiscal 2024, experts are looking for EPS of $6.31 on revenue of $3.99 billion. That&rsquo;s a modest bump up from last year&rsquo;s print of $6.20 EPS on sales of $3.81 billion. However, in fiscal 2025, the bottom line could hit $6.76 per share with a top line of $4.29 billion.



<h2>Adobe (ADBE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/adbe-1600-1-300x169.png" alt="Adobe logo on the smartphone screen is placed on the Apple macbook keyboard on red desk background. ADBE stock."><div>Source: Tattoboo / Shutterstock</div></div>Based in San Jose, California, Adobe (NASDAQ:<a href="https://investorplace.com/stock-quotes/adbe-stock-quote/">ADBE</a>) is a powerhouse in the infrastructure software category. Together with its subsidiaries, Adobe operates as a diversified software firm. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. With the gig economy expanding, the company could be an intriguing idea. Analysts believe so, rating shares a <a href="https://www.tipranks.com/stocks/adbe/forecast">moderate buy</a> with a $624.83 price target, implying over 29% upside potential.



Financially, Adobe&rsquo;s key to success is consistency rather than outright blistering performances. In the past four quarters since the three months ended Feb. 29, 2024, the company&rsquo;s average positive earnings surprise landed at just under 3%. Nominally, net income on a TTM basis reached $4.8 billion. The profit margin stands at 24.08%, with an operating margin of 36.8%.



For the current fiscal year, experts anticipate EPS of $18.03 on revenue of $21.46 billion. That would be a sizable improvement over last year&rsquo;s results of $14.81 EPS on sales of $17.89 billion. Further, in fiscal 2025, EPS could rise to $20.37 on revenue of $23.93 billion.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/techs-lean-mean-profit-machines-7-streamlined-stocks-ready-to-roar/">Tech&#8217;s Lean, Mean Profit Machines: 7 Streamlined Stocks Ready to Roar</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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