Akamai Technologies Inc. (NASDAQ:AKAM) shares were trending on Wednesday. Last week, the cybersecurity and cloud computing company announced first-quarter financial results topping analyst estimates.

• Akamai Technologies stock is at critical resistance. Why is AKAM stock breaking out?

Earnings Snapshot

Akamai reported first-quarter revenue of $1.074 billion for the period ended March 31, beating the analyst estimate by 0.17%. It was up 6% year-over-year.

The company reported earnings per share of $1.61, surpassing estimates by 8.78%. Akamai has now exceeded EPS expectations for six straight quarters.

For the second quarter, Akamai expected revenue of $1.075 billion-$1.100 billion, along with adjusted EPS of $1.45 to $1.65.

For full-year 2026, the company projected revenue of $4.445 billion to $4.550 billion, with non-GAAP EPS in the range of $6.40 to $7.15.

Rating Upgrade & Forecast Boost

Today, BofA Securities analyst Tal Liani upgraded the stock ...