SunTrust Robinson Humphrey Initiates Coverage on Akamai Technologies to Buy

SunTrust Robinson Humphrey Initiates Coverage on Akamai Technologies(NASDAQ:AKAM). The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jul 21, 2016.

In a different note, On Apr 27, 2016, Craig-Hallum said it Downgrades its rating on Akamai Technologies. The shares have been rated ‘Hold’ by the firm. On Apr 27, 2016, Baird said it Maintains its rating on Akamai Technologies. In the research note, the firm Lowers the price-target to $62.00 per share. The shares have been rated ‘Outperform’ by the firm.

Akamai Technologies (AKAM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.66% or 0.38 points. Due to strong positive momentum, the stock ended at $57.83, which is also near the day’s high of $57.89. The stock began the session at $57.71 and the volume stood at 11,64,647 shares. The 52-week high of the shares is $76.98 and the 52 week low is $39.43. The company has a current market capitalization of $10,154 M and it has 17,55,91,770 shares in outstanding.

Akamai Technologies(AKAM) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $567.73M. Analysts had an estimated revenue of $563.81M. Earnings per share were $0.66. Analysts had estimated an EPS of $0.63.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, F Thomson Leighton (CEO) purchased 17,456 shares at $57.28 per share price.Also, On Jul 15, 2016, Rick M Mcconnell (President Prods & Development) sold 3,550 shares at $58.00 per share price.On Jun 15, 2016, Paul Sagan (director) sold 23,255 shares at $52.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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