Akamai Technologies, Inc.

AI-generated fair value estimate for this company.

Method: 10-year two-stage unlevered FCF DCF: $916M normalized FCF base (3-yr average FY2023-2025 free cash flow); 6% annual growth years 1-5; 4% years 6-10; 9% discount rate; 2.5% terminal growth; $7.86B net debt; 143.7M diluted shares.

Reasoning: Akamai's growth is transitioning from a mature, low-growth legacy CDN business toward faster-growing but more competitive cloud computing and security offerings, so I used a moderate blended growth rate rather than extrapolating either segment alone, and a 9% discount rate reflecting both competitive risk from larger cloud providers and the company's substantially increased net debt from recent financing, which is the single largest drag on per-share value here.