News stories about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing 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 nearest to one being the most favorable. Akamai Technologies earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the technology infrastructure company an impact score of 46.5490863835999 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Akamai Technologies (NASDAQ:AKAM) traded up 0.13% during trading on Friday, reaching $46.37. The company had a trading volume of 1,422,763 shares. Akamai Technologies has a 52-week low of $45.41 and a 52-week high of $71.64. The company has a 50-day moving average of $49.43 and a 200-day moving average of $56.10. The firm has a market capitalization of $7.95 billion, a P/E ratio of 26.48 and a beta of 0.66.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $608.90 million during the quarter, compared to analysts’ expectations of $604.51 million. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. Akamai Technologies’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Analysts expect that Akamai Technologies will post $2.52 EPS for the current fiscal year.

AKAM has been the subject of several analyst reports. Morgan Stanley downgraded Akamai Technologies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $68.00 to $54.00 in a research note on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $46.00 price objective (down from $52.00) on shares of Akamai Technologies in a research note on Friday, June 30th. Guggenheim downgraded Akamai Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $60.00 in a research note on Wednesday, May 3rd. Robert W. Baird downgraded Akamai Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $55.00 in a research note on Friday, May 5th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $73.00 price objective (down from $80.00) on shares of Akamai Technologies in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.76.

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In other Akamai Technologies news, Director Frederic V. Salerno acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was purchased at an average cost of $46.83 per share, for a total transaction of $234,150.00. Following the completion of the acquisition, the director now owns 62,192 shares of the company’s stock, valued at approximately $2,912,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO F Thomson Leighton acquired 19,817 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average price of $50.45 per share, with a total value of $999,767.65. Following the completion of the acquisition, the chief executive officer now directly owns 205,861 shares of the company’s stock, valued at approximately $10,385,687.45. The disclosure for this purchase can be found here. Insiders purchased 66,410 shares of company stock valued at $3,233,594 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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