News headlines about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Akamai Technologies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the technology infrastructure company an impact score of 46.3798744266991 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Akamai Technologies, Inc. (AKAM) Shares Bought by Stephens Investment Management Group LLC – Newburgh Gazette (newburghgazette.com)
- What is Zero Trust? A model for more effective security (csoonline.com)
- Featured Volatile Stock – Akamai Technologies Inc (NASDAQ: AKAM) – Alpha Beta Stock (alphabetastock.com)
- [$$] Big GE Stock Buy: Crazy or Just Contrarian? (finance.yahoo.com)
- KeyCorp Weighs in on Akamai Technologies, Inc.’s FY2018 Earnings (AKAM) (americanbankingnews.com)
Akamai Technologies (AKAM) traded down $1.02 during trading hours on Tuesday, reaching $64.50. 3,753,923 shares of the company traded hands, compared to its average volume of 2,215,060. The company has a market capitalization of $10,910.00, a PE ratio of 38.62, a P/E/G ratio of 2.65 and a beta of 0.68. Akamai Technologies has a twelve month low of $44.65 and a twelve month high of $71.34. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20.
Akamai Technologies (NASDAQ:AKAM) last announced its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The firm had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. During the same quarter in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. analysts predict that Akamai Technologies will post 1.89 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on AKAM shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $75.00 price objective (up from $58.00) on shares of Akamai Technologies in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Akamai Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Guggenheim raised their price objective on shares of Akamai Technologies from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. KeyCorp lowered shares of Akamai Technologies from a “sector weight” rating to an “underweight” rating and cut their price objective for the company from $66.32 to $51.00 in a research report on Thursday, January 11th. Finally, Oppenheimer lifted their target price on shares of Akamai Technologies from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.20.
In other news, insider Rick M. Mcconnell sold 3,966 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $54.19, for a total transaction of $214,917.54. Following the sale, the insider now owns 39,753 shares in the company, valued at approximately $2,154,215.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William Wheaton sold 10,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.29, for a total transaction of $662,900.00. Following the sale, the insider now owns 32,319 shares in the company, valued at approximately $2,142,426.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,971 shares of company stock worth $4,141,642. Company insiders own 3.20% of the company’s stock.
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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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