Media stories about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Akamai Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology infrastructure company an impact score of 46.0116557268568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Akamai Technologies, Inc. (AKAM)- Stocks Tumbling on Lethargic Results – NASDAQ Times (nasdaqtimes.com)
- New Akamai Peak Traffic Record Demonstrates Increasing Importance of Live Online Events – PR Newswire (press release) (prnewswire.com)
- Akamai Technologies, Inc. (AKAM) Given Hold Rating at Stifel Nicolaus (americanbankingnews.com)
- Mobile CDN – Market by Vertical, Growth, Trends, Analysis and Forecasts to 2022 (emailwire.com)
Shares of Akamai Technologies (AKAM) traded up 1.59% during midday trading on Friday, reaching $47.34. The company’s stock had a trading volume of 2,697,554 shares. The stock’s 50-day moving average is $46.50 and its 200-day moving average is $52.73. Akamai Technologies has a one year low of $44.65 and a one year high of $71.64. The company has a market capitalization of $8.12 billion, a P/E ratio of 27.04 and a beta of 0.64.
Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings results on Tuesday, July 25th. The technology infrastructure company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The company had revenue of $608.90 million for the quarter, compared to analysts’ expectations of $604.51 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Akamai Technologies will post $2.52 earnings per share for the current fiscal year.
Several research firms have weighed in on AKAM. Royal Bank Of Canada restated a “sector perform” rating and set a $54.00 price target (down previously from $58.00) on shares of Akamai Technologies in a report on Wednesday, July 26th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 price target on shares of Akamai Technologies in a report on Wednesday, July 26th. Oppenheimer Holdings, Inc. cut their price target on Akamai Technologies from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating and set a $56.00 price target (down previously from $58.00) on shares of Akamai Technologies in a report on Wednesday, July 26th. Finally, Cowen and Company restated a “hold” rating and set a $61.00 price target on shares of Akamai Technologies in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $61.50.
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In related news, CEO F Thomson Leighton acquired 21,554 shares of Akamai Technologies stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $46.91 per share, for a total transaction of $1,011,098.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic V. Salerno acquired 5,000 shares of Akamai Technologies stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of $46.83 per share, for a total transaction of $234,150.00. Following the completion of the purchase, the director now owns 62,192 shares of the company’s stock, valued at approximately $2,912,451.36. The disclosure for this purchase can be found here. Insiders have acquired 46,371 shares of company stock worth $2,245,016 over the last 90 days. 3.20% of the stock is owned by insiders.
About Akamai Technologies
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.
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