Media coverage about Akamai Technologies (NASDAQ:AKAM) has trended positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Akamai Technologies earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the technology infrastructure company an impact score of 46.3247126197377 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
- KeyBanc: Despite Activist Involvement, An Akamai Takeover Is Unlikely – Benzinga (benzinga.com)
- Akamai to Hold Fourth Quarter and Full-Year 2017 Investor Conference Call on … (prnewswire.com)
- Akamai to Hold Fourth Quarter and Full-Year 2017 Investor Conference Call on Tuesday, February 6th at 4:30 pm ET (finance.yahoo.com)
- Cambridge’s Akamai reportedly considering sale – The Boston Globe (bostonglobe.com)
Akamai Technologies (AKAM) traded down $1.12 during trading on Friday, hitting $65.21. The stock had a trading volume of 2,858,800 shares, compared to its average volume of 2,164,175. Akamai Technologies has a 12 month low of $44.65 and a 12 month high of $71.34. The stock has a market cap of $11,030.00, a PE ratio of 39.05, a P/E/G ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 3.01.
Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The firm had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. equities analysts forecast that Akamai Technologies will post 1.89 EPS for the current year.
Several research firms recently commented on AKAM. JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 target price (up from $58.00) on shares of Akamai Technologies in a report on Wednesday. BidaskClub upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Guggenheim upped their target price on shares of Akamai Technologies from $58.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. KeyCorp downgraded shares of Akamai Technologies from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $66.32 to $51.00 in a research note on Thursday. Finally, Oppenheimer upped their price objective on shares of Akamai Technologies from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.20.
In other news, EVP Robert Blumofe sold 4,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $53.11, for a total transaction of $212,440.00. Following the transaction, the executive vice president now directly owns 22,364 shares of the company’s stock, valued at $1,187,752.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO F Thomson Leighton bought 19,670 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were purchased at an average cost of $50.83 per share, for a total transaction of $999,826.10. Following the completion of the acquisition, the chief executive officer now owns 226,950 shares of the company’s stock, valued at $11,535,868.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 55,752 shares of company stock worth $2,999,371 and sold 71,971 shares worth $4,141,642. 3.20% of the stock is owned by company insiders.
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Akamai Technologies Company Profile
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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