Recent News
On September 17, 2025 Akamai announced a unified global partner program, Akamai Partner Connect, consolidating reseller, distributor, service provider and referral tracks under a single framework. On September 16, 2025 the company formed a strategic partnership with Seraphic Security to integrate secure enterprise browser capabilities into Akamai’s Zero Trust offerings. On September 1, 2025 Akamai published a ransomware report highlighting the rise of “quadruple extortion” and advising organizations on persistent operational risk from ransomware attacks.
Technical Analysis
Directional indicators: ADX registers 16.27, indicating no dominant trend at present and leaving price susceptible to rangebound moves. DI+ shows a dip-and-reversal while DI- shows a peak-and-reversal; both signals align toward bullish directional bias, implying buyers regained short-term control after a pullback.
MACD and signal: MACD stands at -0.51 with a dip-and-reversal and the MACD line sits above the signal line (-0.53), creating a bullish momentum signal that supports the potential for upward price pressure in the near term.
MRO: MRO reads -22.29, indicating price trades below the model target and carries potential for a corrective increase toward equilibrium; the negative MRO therefore aligns with upside potential rather than immediate downside risk.
RSI and price momentum: RSI at 47.47 with a dip-and-reversal places momentum in a neutral-to-constructive band, leaving room for a sustained push before overbought conditions appear.
Price vs averages and cloud indicators: Last close $75.05 sits marginally above the 20-day average $74.58 and below the 50-day average $76.27 and 200-day average $80.56, so near-term moves face resistance around the 50-day and longer-term resistance at the 200-day. Ichimoku components cluster near $75.60–$76.06, reinforcing a tight congestion zone just above current price that must yield for a clearer trend to develop.
Bollinger and SuperTrend: Bollinger upper bands at $76.02–$77.45 and SuperTrend upper at $76.77 place immediate upside hurdles within a narrow range above the close; breaking that cluster would validate the technical reversal suggested by MACD and DI signals.
Volume and volatility: Ten-day average volume near the current trading volume shows no surge in participation; 42-day volatility at 1% suggests muted intraday swings, implying breakouts will likely require incremental buying rather than sharp momentum bursts.
Fundamental Analysis
Revenue and margins: Total revenue $1,043,494,000 with revenue growth YoY -4.73% and revenue growth QoQ -6.93% point to near-term top-line pressure. Operating margin registers 14.934% and EBIT margin 15.153% with EBIT margin QoQ -14.61% and YoY -13.56%, showing margin compression compared with prior periods.
Profitability and cash flow: Net income $103,618,000 alongside EBITDA $333,578,000. Free cash flow $235,368,000 and free cash flow yield 2.12% exceed the industry peer mean free cash flow yield of 0.63%, indicating stronger cash-generation relative to the peer average and providing operational flexibility despite revenue softness.
EPS and estimates: Reported EPS $1.73 versus an estimate $1.53 produced an EPS surprise of +13.07%, reflecting better-than-expected per-share performance for the reported period even as top-line growth slowed.
Leverage and coverage: Total debt $5,271,115,000 with net debt $3,250,675,000. Debt-to-EBITDA registers 15.80, a material leverage reading that contrasts with a robust interest coverage ratio of 25.59, indicating the company retains ample earnings buffer to service interest despite high nominal leverage.
Returns and efficiency: Return on equity 2.32% and return on assets 1.01% represent modest returns on capital, while asset turnover at 0.10 signals low revenue per dollar of assets. Research & development expense $125,838,000 underpins product and security innovation but contributes to near-term margin pressure.
Valuation: EV-to-revenue (EVR) stands at 14.76 and enterprise multiple at 46.16. Price-to-book 2.48 and price-to-earnings 45.48 reflect premium expectations for growth and cash generation. WMDST values the stock as under-valued, a valuation call that connects the company’s above-peer free cash flow yield and EPS beat with its current market multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-06 |
| CASH FLOW | Begin Period Cash Flow | $ 1.1 B |
| Operating Cash Flow | $ 459.1 M | |
| Capital Expenditures | $ -223.78 M | |
| Change In Working Capital | $ 51.1 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -248.85 M | |
| End Period Cash Flow | $ 851.5 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.0 B | |
| Forward Revenue | $ 602.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 426.5 M | |
| Depreciation | $ 147.7 M | |
| Depreciation and Amortization | $ 175.5 M | |
| Research and Development | $ 125.8 M | |
| Total Operating Expenses | $ 887.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 617.0 M | |
| EBITDA | $ 333.6 M | |
| EBIT | $ 158.1 M | |
| Operating Income | $ 155.8 M | |
| Interest Income | $ 14.1 M | |
| Interest Expense | $ 6.2 M | |
| Net Interest Income | $ 5.9 M | |
| Income Before Tax | $ 151.9 M | |
| Tax Provision | $ 48.3 M | |
| Tax Rate | 32.0 % | |
| Net Income | $ 103.6 M | |
| Net Income From Continuing Operations | $ 103.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.53 | |
| EPS Actual | $ 1.73 | |
| EPS Difference | $ 0.20 | |
| EPS Surprise | 13.072 % | |
| Forward EPS | $ 1.67 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 10.5 B | |
| Intangible Assets | $ 3.8 B | |
| Net Tangible Assets | $ 622.3 M | |
| Total Current Assets | $ 2.0 B | |
| Cash and Short-Term Investments | $ 966.6 M | |
| Cash | $ 850.3 M | |
| Net Receivables | $ 560.5 M | |
| Inventory | — | |
| Long-Term Investments | $ 191.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 146.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 880.5 M | |
| Net Debt | $ 3.3 B | |
| Total Debt | $ 5.3 B | |
| Total Liabilities | $ 6.1 B | |
| EQUITY | ||
| Total Equity | $ 4.5 B | |
| Retained Earnings | $ 3.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 31.20 | |
| Shares Outstanding | 143.200 M | |
| Revenue Per-Share | $ 7.29 | |
| VALUATION | Market Capitalization | $ 11.1 B |
| Enterprise Value | $ 15.4 B | |
| Enterprise Multiple | 46.163 | |
| Enterprise Multiple QoQ | 6.674 % | |
| Enterprise Multiple YoY | 8.993 % | |
| Enterprise Multiple IPRWA | high: 346.433 mean: 104.652 median: 102.408 AKAM: 46.163 low: -175.864 |
|
| EV/R | 14.757 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.358 | |
| Asset To Liability | 1.736 | |
| Debt To Capital | 0.541 | |
| Debt To Assets | 0.5 | |
| Debt To Assets QoQ | 8.124 % | |
| Debt To Assets YoY | 339.661 % | |
| Debt To Assets IPRWA | high: 1.413 AKAM: 0.5 median: 0.361 mean: 0.308 low: 0.006 |
|
| Debt To Equity | 1.18 | |
| Debt To Equity QoQ | 17.114 % | |
| Debt To Equity YoY | 388.745 % | |
| Debt To Equity IPRWA | high: 3.312 median: 1.943 mean: 1.486 AKAM: 1.18 low: -1.636 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.483 | |
| Price To Book QoQ | -5.349 % | |
| Price To Book YoY | -18.442 % | |
| Price To Book IPRWA | high: 18.53 mean: 9.498 median: 8.649 AKAM: 2.483 low: -6.216 |
|
| Price To Earnings (P/E) | 45.484 | |
| Price To Earnings QoQ | -6.089 % | |
| Price To Earnings YoY | -24.591 % | |
| Price To Earnings IPRWA | high: 311.81 median: 129.079 mean: 125.124 AKAM: 45.484 low: -161.471 |
|
| PE/G Ratio | 25.77 | |
| Price To Sales (P/S) | 10.632 | |
| Price To Sales QoQ | -10.272 % | |
| Price To Sales YoY | -28.062 % | |
| Price To Sales IPRWA | high: 62.342 mean: 17.223 median: 14.015 AKAM: 10.632 low: 0.281 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 47.613 | |
| Forward PE/G | 26.976 | |
| Forward P/S | 18.427 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -4.376 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.102 | |
| Asset Turnover Ratio QoQ | 1.955 % | |
| Asset Turnover Ratio YoY | 3.955 % | |
| Asset Turnover Ratio IPRWA | high: 0.512 mean: 0.152 median: 0.149 AKAM: 0.102 low: -0.019 |
|
| Receivables Turnover | 1.875 | |
| Receivables Turnover Ratio QoQ | -1.971 % | |
| Receivables Turnover Ratio YoY | -4.047 % | |
| Receivables Turnover Ratio IPRWA | high: 11.186 mean: 2.168 AKAM: 1.875 median: 1.829 low: -3.771 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 48.665 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.905 | |
| CapEx To Revenue | -0.214 | |
| CapEx To Depreciation | -1.515 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 8.6 B | |
| Net Invested Capital | $ 8.6 B | |
| Invested Capital | $ 8.6 B | |
| Net Tangible Assets | $ 622.3 M | |
| Net Working Capital | $ 1.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.098 | |
| Current Ratio | 2.31 | |
| Current Ratio QoQ | 96.12 % | |
| Current Ratio YoY | 74.855 % | |
| Current Ratio IPRWA | high: 8.192 AKAM: 2.31 mean: 1.275 median: 1.163 low: 0.102 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 15.802 | |
| Cost Of Debt | 0.085 % | |
| Interest Coverage Ratio | 25.589 | |
| Interest Coverage Ratio QoQ | -4.111 % | |
| Interest Coverage Ratio YoY | -27.277 % | |
| Interest Coverage Ratio IPRWA | high: 93.455 mean: 28.903 AKAM: 25.589 median: 24.959 low: -85.699 |
|
| Operating Cash Flow Ratio | 0.297 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 32.947 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.549 % | |
| Revenue Growth | 2.793 % | |
| Revenue Growth QoQ | -692.994 % | |
| Revenue Growth YoY | -472.897 % | |
| Revenue Growth IPRWA | high: 48.984 % median: 11.911 % mean: 10.51 % AKAM: 2.793 % low: -36.33 % |
|
| Earnings Growth | 1.765 % | |
| Earnings Growth QoQ | -26.763 % | |
| Earnings Growth YoY | -148.237 % | |
| Earnings Growth IPRWA | high: 200.0 % mean: 20.348 % median: 11.26 % AKAM: 1.765 % low: -261.224 % |
|
| MARGINS | ||
| Gross Margin | 59.124 % | |
| Gross Margin QoQ | 0.671 % | |
| Gross Margin YoY | 0.43 % | |
| Gross Margin IPRWA | high: 91.59 % median: 75.664 % mean: 63.966 % AKAM: 59.124 % low: -33.394 % |
|
| EBIT Margin | 15.153 % | |
| EBIT Margin QoQ | -14.607 % | |
| EBIT Margin YoY | -13.56 % | |
| EBIT Margin IPRWA | high: 78.825 % mean: 32.257 % median: 20.252 % AKAM: 15.153 % low: -140.483 % |
|
| Return On Sales (ROS) | 14.934 % | |
| Return On Sales QoQ | -15.841 % | |
| Return On Sales YoY | -14.809 % | |
| Return On Sales IPRWA | high: 72.429 % mean: 30.865 % median: 18.71 % AKAM: 14.934 % low: -141.554 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 235.4 M | |
| Free Cash Flow Yield | 2.122 % | |
| Free Cash Flow Yield QoQ | 362.309 % | |
| Free Cash Flow Yield YoY | 14.889 % | |
| Free Cash Flow Yield IPRWA | high: 15.392 % AKAM: 2.122 % median: 0.849 % mean: 0.631 % low: -24.314 % |
|
| Free Cash Growth | 326.453 % | |
| Free Cash Growth QoQ | -569.75 % | |
| Free Cash Growth YoY | 551.148 % | |
| Free Cash Growth IPRWA | high: 457.143 % AKAM: 326.453 % mean: 7.357 % median: -24.845 % low: -552.123 % |
|
| Free Cash To Net Income | 2.272 | |
| Cash Flow Margin | 25.086 % | |
| Cash Flow To Earnings | 2.526 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.01 % | |
| Return On Assets QoQ | -16.529 % | |
| Return On Assets YoY | -23.194 % | |
| Return On Assets IPRWA | high: 14.526 % mean: 3.994 % median: 1.797 % AKAM: 1.01 % low: -14.505 % |
|
| Return On Capital Employed (ROCE) | 1.638 % | |
| Return On Equity (ROE) | 0.023 | |
| Return On Equity QoQ | -13.696 % | |
| Return On Equity YoY | -16.282 % | |
| Return On Equity IPRWA | high: 0.169 median: 0.051 mean: 0.038 AKAM: 0.023 low: -0.381 |
|
| DuPont ROE | 2.289 % | |
| Return On Invested Capital (ROIC) | 1.255 % | |
| Return On Invested Capital QoQ | -20.267 % | |
| Return On Invested Capital YoY | -104.534 % | |
| Return On Invested Capital IPRWA | high: 14.374 % mean: 7.284 % median: 4.251 % AKAM: 1.255 % low: -16.5 % |
|