11:53 AM EDT, 08/14/2026 (MT Newswires) -- Akamai Technologies' ( AKAM ) unique platform is proving to be a rare opportunity in the compute space and has cemented about $2.8 billion in cloud infrastructure service deals year to date, RBC Capital Markets said in a note emailed Friday after meeting company executives including CEO Tom Leighton.

The investment firm said that, while larger deals like one with a frontier model developer, comprise the bulk of the $2.8 billion figure, the company's pipeline also has "smaller customers on multi-year contracts, showing strong demand signals."

Additionally, Akamai's ( AKAM ) management highlighted its "extensive points of presence" as a "competitive moat, providing lower cost cloud services to the hyperscalers," RBC said.

The investment firm said that Akamai's ( AKAM ) management believes the company "offers a different value proposition than neoclouds, who focus on training massive foundational models with larger, more centralized data centers."

RBC also said that the company's management noted that Akamai ( AKAM ) still has "strong pricing power over contracts, passing through variable costs that come with hardware and servers to customers."

RBC kept Akamai's ( AKAM ) sector perform rating and $135 price target.

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