Akamai Technologies now has $8.46B valuation. (NASDAQ:AKAM) rating on Wednesday, February 10. The stock’s average target of $35.33 is -24.02% below today’s ($46.5) share price. The company had revenue of $609.24 million during the quarter, compared to analyst estimates of $604.94 million. The company is expected to report EPS as high as $0.63 and as low as $0.56 per share. Earnings per share are calculated by dividing a company’s net income by its number of shares outstanding.
Several research firms have commented on AKAM.
AKAM has been the topic of a number of other reports.
05/03/2017 – Akamai Technologies, Inc. had its “buy” rating reiterated by analysts at MKM Partners. The shares have slowed down in recent weeks, with their price down about -29.13% in the past three months.
Analysts await Akamai Technologies, Inc. On Wednesday, January 6 the stock rating was maintained by UBS with “Buy”. The company was initiated on Wednesday, January 11 by Wells Fargo. They now have a United States dollars 55 price target on the stock. Credit Suisse upgraded the shares of ALU in report on Tuesday, December 1 to “Outperform” rating.
Among 4 analysts covering Alcatel Lucent SA (NYSE:ALU), 4 have Buy rating, 0 Sell and 0 Hold. Akamai Technologies now has a consensus rating of “Hold” and a consensus target price of $66.85.
Akamai Technologies (NASDAQ:AKAM) traded down 0.0800% during trading on Thursday, hitting $49.8101. The company’s current price-earnings ratio amounts to 27.47 times earnings, above the average P/E ratio of 20.02 times earnings.
Akamai Technologies, Inc. has a 50 day moving average of 60.22 and a 200 day moving average of 64.48.
AKAM has a 1-year high price of $ 71.64 and 1-year low price of $47.80.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. Equities research analysts expect that Akamai Technologies will post $2.56 EPS for the current year. $1.44M worth of Akamai Technologies, Inc. If you are viewing this story on another website, it was copied illegally and reposted in violation of USA & global trademark and copyright legislation. The correct version of this story can be accessed at https://transcriptdaily.com/2017/05/11/akamai-technologies-inc-akam-rating-lowered-to-underweight-at-morgan-stanley-updated.html. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. (AKAM)’s shares projecting a $63.9 target price. Atria Investments LLC now owns 7,542 shares of the technology infrastructure company’s stock valued at $450,000 after buying an additional 321 shares during the last quarter. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3,112 shares were sold by Gemmell James, worth $196,990 on Wednesday, March 8. Advantus Capital Management Inc now owns 17,359 shares of the technology infrastructure company’s stock worth $920,000 after buying an additional 132 shares during the period. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Wilbanks Smith & Thomas Asset Management Llc increased Wisdomtree Intl Sc Dvd (DLS) stake by 10,394 shares to 330,736 valued at $19.85 million in 2016Q4. Moreover, Ameritas Investment has 0.13% invested in VCA Inc (NASDAQ:WOOF). Acrospire Investment Management LLC raised its stake in Akamai Technologies by 16.7% in the third quarter. The overall volume in the last trading session was 4.52 million shares. Finally, Parallel Advisors LLC purchased a new stake in Akamai Technologies during the fourth quarter worth about $140,000.
“Mid-market corporate buyers like Akamai represent a huge opportunity to significantly expand private procurement of renewable energy“, said Lily Donge, Principal at Business Renewables Center, Rocky Mountain Institute.
Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet.
Greenpeace ranked Akamai in the top 20 percent of content delivery network and data center providers in its recent Clicking Clean report for action on energy efficiency, renewable energy and advocacy efforts.