Akamai Technologies (AKAM) : The consensus on Akamai Technologies (AKAM) based on 21 analyst recommendation on the company stock is 2.24, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Akamai Technologies (AKAM) : The highest level Akamai Technologies (AKAM) is projected to reach is $75 for the short term and the lowest estimate is at $35. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $60.46 and the possibility the share price can swing is $12.01.
Akamai Technologies (NASDAQ:AKAM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.18 and $53.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.96, notching a gain of 1.31% for the day. The total traded volume was 1,443,457 . The stock had closed at $54.25 on the previous day.
Also, Craig-Hallum downgrades its rating on Akamai Technologies (NASDAQ:AKAM). Analysts at the Craig-Hallum have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 27, 2016. The company shares have dropped -21.22% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $76.98 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $53.61 and the 200 Day Moving Average price is recorded at $51.86.
Akamai Technologies, Inc. is a provider of cloud services for delivering, optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites, tools that support the delivery and operation of cloud-based applications, as well as security solutions, and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions, Performance and Security Solutions, and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.