Akamai Technologies (AKAM) : Traders are bullish on Akamai Technologies (AKAM) as it has outperformed the S&P 500 by a wide margin of 9.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.46% in the last 1 week, and is up 9.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.06% and the fifty day Moving Average is 2.66%. Akamai Technologies, Inc. is up 2.05% in the last three month period. Year-to-Date the stock performance stands at 5.09%.
Akamai Technologies (AKAM) : The consensus price target for Akamai Technologies (AKAM) is $57.77 for the short term with a standard deviation of $10.44. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $35.
Akamai Technologies (NASDAQ:AKAM): stock turned positive on Friday. Though the stock opened at $54.56, the bulls momentum made the stock top out at $55.94 level for the day. The stock recorded a low of $54.18 and closed the trading day at $55.31, in the green by 1.37%. The total traded volume for the day was 2,222,253. The stock had closed at $54.56 in the previous days trading.
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.