Akamai Technologies (AKAM) Given Daily News Sentiment Rating of 0.10
Media stories about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded 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 0.10 on Accern’s scale. Accern also assigned media stories about the technology infrastructure company an impact score of 46.3710346560781 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Is the sentiment expressed is pleasing? Akamai Technologies, Inc. (AKAM), Ascena Retail Group, Inc. (ASNA) – Market Movers (financialqz.com)
- Short Interest in Akamai Technologies, Inc. (AKAM) Decreases By 33.2% (americanbankingnews.com)
- Q1 2018 EPS Estimates for Akamai Technologies, Inc. (AKAM) Cut by Analyst (americanbankingnews.com)
- 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)
A number of research firms have weighed in on AKAM. Craig Hallum raised Akamai Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. MKM Partners upped their price target on Akamai Technologies to $65.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Akamai Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $60.00 price target on shares of Akamai Technologies in a research report on Wednesday, October 25th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $62.00 price target (up previously from $57.00) on shares of Akamai Technologies in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $63.20.
Shares of Akamai Technologies (AKAM) traded up $0.31 during trading on Friday, hitting $65.52. The stock had a trading volume of 1,083,351 shares, compared to its average volume of 2,890,000. Akamai Technologies has a one year low of $44.65 and a one year high of $71.34. The company has a market cap of $11,080.00, a PE ratio of 39.23, a P/E/G ratio of 2.64 and a beta of 0.68. 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 posted its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The business had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. analysts forecast that Akamai Technologies will post 1.89 earnings per share for the current fiscal year.
In related news, SVP Aaron Ahola sold 2,893 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.44, for a total value of $151,708.92. Following the sale, the senior vice president now owns 8,046 shares in the company, valued at approximately $421,932.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Wheaton sold 10,000 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $66.29, for a total value of $662,900.00. Following the completion of 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 purchased 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 currently owned by corporate 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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