Short Term Rating on Akamai Technologies (AKAM)

Akamai Technologies (AKAM) has an average broker rating of 2.24, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

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.

For the current week, the company shares have a recommendation consensus of Buy.


Akamai Technologies (NASDAQ:AKAM): The stock opened at $56.74 on Tuesday but the bulls could not build on the opening and the stock topped out at $56.90 for the day. The stock traded down to $56.11 during the day, due to lack of any buying support eventually closed down at $56.16 with a loss of -0.14% for the day. The stock had closed at $56.24 on the previous day. The total traded volume was 2,018,411 shares.

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.

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