Akamai Technologies, Inc. (AKAM) Stock

Akamai Technologies, Inc. (AKAM) is a Technology stock trading at $110.40 (as of 2026-08-21), with a market capitalization of $16.05B and a trailing P/E of 39.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Akamai Technologies provides cloud services that secure, deliver, and optimize internet content and business applications. Its offerings include cybersecurity and DNS services, performance and media delivery, edge and related compute capabilities, and supporting integration and management services for enterprises and other organizations.

Understand Akamai Technologies, Inc.: how it makes money

Akamai provides cloud services that secure and deliver content and business applications over the internet, and it makes money by selling security, content delivery network, delivery, and related compute offerings to customers.

Akamai builds recurring revenue momentum through large, committed cloud infrastructure services spend (Committed Spend over Seven Years), which helps convert its global infrastructure investments into contracted, longer term customer demand.

Revenue by segment (latest quarter)
Security	$0.6B
Delivery	$0.3B
Compute	$0.2B

Business quality (Mixed): The company mix and several operating metrics are provided (security, delivery, compute, and committed spend), but the data set does not specify fully how these segment categories map to official reportable segments line by line, so segment boundaries may not be perfectly comparable.

Valuation: Trades at 45× trailing earnings · $19B market cap.

Bull case

Security is already a large revenue driver: Security Revenue is 0.59B, and the company also reports Security Adoption: Customers Buying One Security Product of 67 percent, indicating meaningful cross sell within security offerings.
Global reach is balanced: United States Revenue is 0.54B and International Revenue is 0.53B, suggesting revenue is not overly dependent on a single geography.

Bear case

Results depend on ongoing demand for internet delivery and security services: The business relies on customers continuing to buy and renew services that secure and deliver content and applications, so slower adoption or changes in customer spending priorities could pressure revenue.
Committed spend helps visibility, but does not eliminate execution risk: The company reports Cloud Infrastructure Services Commitment (Committed Spend over Seven Years) of 1.8B, but actual reported performance still depends on delivering contracted services and maintaining performance and security levels in practice.

Valuation — source: SEC EDGAR (first-party)
Price	$110.40
Market Cap	$16.05B
P/E Ratio	39.1
EV / EBITDA	12.3
Price / Book	3.38
Price / Sales	3.71
FCF Yield	6.0%
DCF Value (model)	$123.70
DCF Upside vs Price	12.0%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$4.21B
Net Margin	10.7%
Revenue Growth (YoY)	5.4%
EPS Growth (YoY)	-23.6%
FCF Growth (YoY)	-42.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.56 (grey)

Valuation vs Sector & Industry
Stock P/E	39.1
Sector P/E (Technology)	33.9
Industry P/E (Business Services)	29.9
vs Sector	15.3%
vs Industry	30.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($1.60B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Technology
Industry	Business Services
CEO	F. Thomson Leighton
Employees	10,811
Country	US
IPO Date	1999-10-29

Related Companies (Business model: IT Services / Consulting and Managed Services; 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.