AKAM has been the topic of a number of other research reports. Craig Hallum upped their price target on shares of 1-800-Flowers.Com from $26.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, May 1st. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of FirstService from a strong sell rating to a hold rating and set a $110.00 price target on the stock in a research note on Tuesday, June 25th. KeyCorp reaffirmed a hold rating on shares of Clearwater Paper in a research note on Wednesday, May 1st. Finally, Tigress Financial reaffirmed a strong-buy rating on shares of Akamai Technologies in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Akamai Technologies currently has a consensus rating of Buy and a consensus price target of $82.93.
Shares of NASDAQ:AKAM opened at $83.45 on Friday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $79.75. Akamai Technologies has a fifty-two week low of $57.18 and a fifty-two week high of $86.19. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.76 and a beta of 0.63.
Akamai Technologies (NASDAQ:AKAM) last issued its earnings results on Tuesday, April 30th. The technology infrastructure company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. Akamai Technologies had a net margin of 12.78% and a return on equity of 15.29%. The firm had revenue of $706.51 million during the quarter, compared to analyst estimates of $698.33 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. Akamai Technologies’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts anticipate that Akamai Technologies will post 3.23 EPS for the current year.
In other news, CFO Edward J. Mcgowan sold 2,170 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.18, for a total value of $173,990.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Rick M. Mcconnell sold 1,362 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $78.00, for a total transaction of $106,236.00. Following the completion of the transaction, the insider now owns 20,031 shares in the company, valued at $1,562,418. The disclosure for this sale can be found here. In the last three months, insiders sold 29,032 shares of company stock worth $2,294,197. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AKAM. Truvestments Capital LLC bought a new position in shares of Akamai Technologies in the first quarter worth about $29,000. Liberty Wealth Management LLC bought a new position in shares of Akamai Technologies in the fourth quarter worth about $32,000. Destination Wealth Management grew its holdings in shares of Akamai Technologies by 215.8% in the second quarter. Destination Wealth Management now owns 439 shares of the technology infrastructure company’s stock worth $35,000 after purchasing an additional 300 shares during the last quarter. Horan Capital Advisors LLC. bought a new position in shares of Akamai Technologies in the first quarter worth about $57,000. Finally, Tortoise Index Solutions LLC bought a new position in shares of Akamai Technologies in the first quarter worth about $80,000. Hedge funds and other institutional investors own 87.73% of the company’s stock.
Akamai Technologies Company Profile
Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. It provides cloud security solutions, including Web Application Protector to safeguard Web assets from Web application and distributed denial of service; Kona Site Defender, a cloud security solution; Bot Manager to identify bots and categorize bots based on business or IT impact; Fast DNS, which translates human-readable domain names into numerical IP addresses; Prolexic Routed to protect Web- and IP-based applications; and Client Reputation that assigns risk scores to malicious IP address and enables customers to take action on individual clients.
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