Impact of Brokerage Rating on Akamai Technologies, Inc.(AKAM)

Many Akamai Technologies, Inc.(AKAM) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Akamai Technologies was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Akamai Technologies was Initiated by Guggenheim on Dec 22, 2016 to Buy, Price Target of the shares are set at $75.Akamai Technologies was Upgraded by Oppenheimer to Outperform on Dec 14, 2016.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Melanie Haratunian (EVP and General Counsel) sold 2,164 shares at 63.83 per share price.On Feb 10, 2017, James Gemmell (EVP & Chief HR Officer) sold 2,297 shares at 63.83 per share price.On Jan 6, 2017, Paul Sagan (director) sold 18,667 shares at 67.81 per share price.

Akamai Technologies Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $0.68. The company had revenue of $616.00 million for the quarter, compared to analysts expectations of $605.66 million. The companys revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Akamai Technologies, Inc. (NASDAQ:AKAM) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.05 by 21 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Akamai Technologies, Inc. (NASDAQ:AKAM): The mean estimate for the short term price target for Akamai Technologies, Inc. (NASDAQ:AKAM) stands at $71.63 according to 16 Analysts. The higher price target estimate for the stock has been calculated at $84 while the lower price target estimate is at $58.

Akamai Technologies, Inc. (NASDAQ:AKAM) witnessed a decline in the market cap on Tuesday as its shares dropped 0.08% or 0.05 points. After the session commenced at $63.75, the stock reached the higher end at $64.13 while it hit a low of $63.37. With the volume soaring to 2,180,921 shares, the last trade was called at $63.55. The company has a 52-week high of $71.64. The company has a market cap of $11,013 million and there are 173,299,910 shares in outstanding. The 52-week low of the share price is $47.8.

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.

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For any feedback and suggestions contact author at Steve.Addrisi@thefoundersdaily.com

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