Akamai Technologies (NASDAQ:AKAM) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Several other research analysts have also recently commented on the company. Wells Fargo & Company set a $57.00 price target on Akamai Technologies and gave the company a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird reissued a “hold” rating and set a $52.00 price target on shares of Akamai Technologies in a research report on Friday, September 1st. Credit Suisse Group started coverage on Akamai Technologies in a research report on Tuesday, September 5th. They set a “neutral” rating and a $50.00 price target for the company. DA Davidson set a $57.00 price target on Akamai Technologies and gave the company a “hold” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.09.

Akamai Technologies (AKAM) opened at $66.82 on Wednesday. Akamai Technologies has a 52-week low of $44.65 and a 52-week high of $71.64. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $11,300.00, a P/E ratio of 30.08, a P/E/G ratio of 2.28 and a beta of 0.68.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The firm had revenue of $621.00 million during the quarter, compared to analysts’ expectations of $610.66 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Akamai Technologies will post 1.89 EPS for the current fiscal year.

In related news, CEO F Thomson Leighton acquired 19,670 shares of the stock in a transaction on Monday, October 16th. The shares were purchased at an average price of $50.83 per share, for a total transaction of $999,826.10. Following the purchase, the chief executive officer now directly owns 226,950 shares in the company, valued at $11,535,868.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William Wheaton sold 10,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.81, for a total value of $498,100.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 55,752 shares of company stock valued at $2,999,371 and have sold 89,550 shares valued at $5,026,271. Company insiders own 3.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AKAM. Advisory Services Network LLC increased its stake in Akamai Technologies by 9.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,025 shares of the technology infrastructure company’s stock worth $101,000 after acquiring an additional 168 shares during the period. Westwood Holdings Group Inc. bought a new position in Akamai Technologies during the 2nd quarter worth $117,000. BB&T Investment Services Inc. bought a new position in Akamai Technologies during the 2nd quarter worth $119,000. FTB Advisors Inc. increased its stake in Akamai Technologies by 2.4% during the 2nd quarter. FTB Advisors Inc. now owns 2,538 shares of the technology infrastructure company’s stock worth $125,000 after acquiring an additional 59 shares during the period. Finally, Tobam bought a new position in Akamai Technologies during the 2nd quarter worth $153,000. Hedge funds and other institutional investors own 86.33% of the company’s stock.

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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.

Analyst Recommendations for Akamai Technologies (NASDAQ:AKAM)

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