Akamai Technologies (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 2.24 by 21 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 9 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Craig-Hallum downgrades the rating on Akamai Technologies (NASDAQ:AKAM). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 27, 2016.
Akamai Technologies (NASDAQ:AKAM): According to 13 Analysts, The short term target price has been estimated at $ 60.46.The target price could deviate by a maximum of $12.01 from the forecast price. In the near term, the target price could hit a high of $75 and a low of $ 35.
Akamai Technologies (NASDAQ:AKAM) rose 1.03% or 0.56 points on Tuesday and made its way into the gainers of the day. After trading began at $54.42 the stock was seen hitting $54.74 as a peak level and $54.14 as the lowest level. The stock ended up at $54.7. The daily volume was measured at 1,132,152 shares. The 52-week high of the share price is $76.98 and the 52-week low is $39.43. The company has a market cap of $9,605 million.
Shares of Akamai Technologies, Inc. rose by 3.87% in the last five trading days and 5.74% for the last 4 weeks. Akamai Technologies, Inc. has dropped 3.6% during the last 3-month period . Year-to-Date the stock performance stands at 3.93%.
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.