Analyst Rating Update on Akamai Technologies (AKAM)

Akamai Technologies (NASDAQ:AKAM) : The consensus on Akamai Technologies (NASDAQ: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 (NASDAQ:AKAM) : The highest level Akamai Technologies (NASDAQ: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.

For the current week, the company shares have a recommendation consensus of Buy. Also, Craig-Hallum downgrades their rating on the shares of Akamai Technologies (NASDAQ:AKAM). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on April 27, 2016.

Akamai Technologies (NASDAQ:AKAM): stock turned positive on Tuesday. Though the stock opened at $51.96, the bulls momentum made the stock top out at $53.43 level for the day. The stock recorded a low of $51.88 and closed the trading day at $53.05, in the green by 3.69%. The total traded volume for the day was 1,965,723. The stock had closed at $51.16 in the previous days trading.

In an insider trading activity, Leighton F Thomson, CEO of Akamai Technologies Inc, executed a transaction worth $999,749 on June 16, 2016. A total of 18,881 shares were purchased at an average price of $52.95. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.