Akamai Technologies (AKAM) Receives Daily News Sentiment Score of 0.23
News headlines about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akamai Technologies earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the technology infrastructure company an impact score of 45.3449721296028 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Akamai snaps up Nominum to beef up its DNS software security (siliconangle.com)
- [$$] Akamai to Acquire Carrier Security Company Nominum (finance.yahoo.com)
- Akamai Combats Credential Stuffing with Introduction of Bot Manager Premier – PR Newswire (press release) (prnewswire.com)
- Lgt Capital Partners Ltd. Buys Akamai Technologies Inc, Urban Outfitters Inc, Tupperware Brands Corp, Sells Biogen … – GuruFocus.com (gurufocus.com)
- Akamai Innovations Bring the Predictability of Broadcast TV to Online Video – PR Newswire (press release) (prnewswire.com)
Shares of Akamai Technologies (AKAM) opened at 50.52 on Thursday. The stock has a market cap of $8.66 billion, a PE ratio of 28.85 and a beta of 0.65. Akamai Technologies has a 12-month low of $44.65 and a 12-month high of $71.64. The firm has a 50-day moving average price of $47.71 and a 200 day moving average price of $50.74.
Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. The firm had revenue of $608.90 million during the quarter, compared to the consensus estimate of $604.51 million. Akamai Technologies had a return on equity of 10.97% and a net margin of 12.67%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Equities research analysts predict that Akamai Technologies will post $2.52 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $54.00 target price (down previously from $58.00) on shares of Akamai Technologies in a report on Wednesday, July 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $57.00 target price on shares of Akamai Technologies in a report on Wednesday, July 26th. Oppenheimer Holdings, Inc. cut their price target on Akamai Technologies from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $56.00 price target (down previously from $58.00) on shares of Akamai Technologies in a research note on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $61.00 price target on shares of Akamai Technologies in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $59.64.
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In other Akamai Technologies news, Director Frederic V. Salerno acquired 5,000 shares of Akamai Technologies stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of $46.83 per share, with a total value of $234,150.00. Following the purchase, the director now owns 62,192 shares in the company, valued at $2,912,451.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO F Thomson Leighton acquired 19,817 shares of Akamai Technologies stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $50.45 per share, with a total value of $999,767.65. Following the completion of the purchase, the chief executive officer now owns 205,861 shares in the company, valued at approximately $10,385,687.45. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 46,371 shares of company stock valued at $2,245,016. Company insiders own 3.20% of the company’s stock.
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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