Analyst Price Target Update on Akamai Technologies (NASDAQ:AKAM)

Akamai Technologies (NASDAQ:AKAM): 13 analysts have set the short term price target of Akamai Technologies (NASDAQ:AKAM) at $60.46. The standard deviation of short term price target has been estimated at $12.01, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 75 and $35 respectively.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Craig-Hallum, downgrades their rating on the shares of Akamai Technologies (NASDAQ:AKAM). Craig-Hallum has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 27, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Seligman Naomi O, director of Akamai Technologies Inc, unloaded 1,728 shares at an average price of $54.1 on June 2, 2016. The total amount of the transaction was worth $93,485, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Akamai Technologies (NASDAQ:AKAM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 0.99% at $52.21 with 1,245,469 shares getting traded. Post opening the session at $52.47, the shares hit an intraday low of $52.18 and an intraday high of $53.16 and the price was in this range throughout the day. The company has a market cap of $9,168 million and the number of outstanding shares have been calculated to be 175,591,770 shares. The 52-week high of Akamai Technologies (NASDAQ:AKAM) is $76.98 and the 52-week low is $39.43.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.