Akamai Technologies (NASDAQ:AKAM) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.
AKAM has been the subject of a number of other research reports. Craig Hallum raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. MKM Partners increased their price objective on shares of Akamai Technologies to $65.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Akamai Technologies in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $62.00 price objective (up previously from $57.00) on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $63.84.
Shares of Akamai Technologies (NASDAQ AKAM) opened at $65.40 on Thursday. The stock has a market cap of $11,060.00, a P/E ratio of 39.16, a P/E/G ratio of 2.65 and a beta of 0.68. Akamai Technologies has a 1 year low of $44.65 and a 1 year high of $71.34. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20.
Akamai Technologies (NASDAQ:AKAM) last posted its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $621.00 million during the quarter, compared to the consensus estimate of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. analysts expect that Akamai Technologies will post 1.89 earnings per share for the current year.
In other news, CEO F Thomson Leighton acquired 18,545 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $53.91 per share, for a total transaction of $999,760.95. Following the completion of the purchase, the chief executive officer now directly owns 226,950 shares of the company’s stock, valued at approximately $12,234,874.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rick M. Mcconnell sold 3,966 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $54.19, for a total value of $214,917.54. Following the transaction, the insider now owns 39,753 shares in the company, valued at $2,154,215.07. The disclosure for this sale can be found here. Insiders have sold 71,971 shares of company stock worth $4,141,642 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. FTB Advisors Inc. lifted its stake in Akamai Technologies by 2.4% in the second quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock valued at $125,000 after buying an additional 59 shares during the last quarter. Advisory Services Network LLC lifted its stake in Akamai Technologies by 9.0% in the second quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock valued at $101,000 after buying an additional 168 shares during the last quarter. People s United Financial Inc. lifted its stake in Akamai Technologies by 7.8% in the second quarter. People s United Financial Inc. now owns 4,822 shares of the technology infrastructure company’s stock valued at $240,000 after buying an additional 348 shares during the last quarter. Norinchukin Bank The lifted its stake in Akamai Technologies by 6.6% in the second quarter. Norinchukin Bank The now owns 11,997 shares of the technology infrastructure company’s stock valued at $598,000 after buying an additional 742 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Akamai Technologies by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,950 shares of the technology infrastructure company’s stock valued at $5,329,000 after buying an additional 788 shares during the last quarter. Institutional investors own 86.36% of the company’s stock.
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Akamai Technologies Company Profile
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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