Favorable Press Coverage Extremely Likely to Impact Akamai Technologies (AKAM) Stock Price
News headlines about Akamai Technologies (NASDAQ:AKAM) have been trending positive recently, Alpha One reports. Alpha One, a subsidiary of Accern, ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One 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 coverage optimism score of 0.32 on Alpha One’s scale. Alpha One also assigned news headlines about the technology infrastructure company an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Alpha One Sentiment’s rankings:
- A Look at the valuation of Akamai Technologies, Inc. (NasdaqGS:AKAM) – Concord Register (concordregister.com)
- 2 Hot Stocks To Watch: Maxim Integrated Products, Inc. (MXIM), Akamai Technologies, Inc. (AKAM) – StockNewsMagazine (stocknewsmagazine.com)
- Westpac Banking Corp Increases Stake in Akamai Technologies, Inc. (AKAM) (footballhebdo.com)
- B. Riley Reiterates “Buy” Rating for Akamai Technologies, Inc. (AKAM) (americanbankingnews.com)
- Value Composition in Focus For Akamai Technologies, Inc. (NasdaqGS:AKAM) – Lenox Ledger (lenoxledger.com)
A number of brokerages have weighed in on AKAM. B. Riley restated a “buy” rating and issued a $71.00 target price on shares of Akamai Technologies in a research note on Friday, March 31st. Nomura began coverage on Akamai Technologies in a research note on Thursday, May 25th. They issued a “neutral” rating and a $50.00 target price on the stock. FBR & Co restated a “hold” rating and issued a $59.00 target price on shares of Akamai Technologies in a research note on Wednesday, February 8th. Piper Jaffray Companies restated a “buy” rating and issued a $74.00 target price on shares of Akamai Technologies in a research note on Wednesday, February 8th. Finally, Robert W. Baird lowered Akamai Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $60.00 to $55.00 in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $65.21.
Shares of Akamai Technologies (AKAM) traded up 0.35% during midday trading on Thursday, reaching $48.71. The company had a trading volume of 118,674 shares. Akamai Technologies has a 52 week low of $46.81 and a 52 week high of $71.64. The stock has a 50-day moving average of $52.40 and a 200 day moving average of $61.87. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 26.62 and a beta of 0.95. Akamai Technologies also saw unusually large options trading on Wednesday. Stock investors acquired 5,785 call options on the stock. This is an increase of 368% compared to the average volume of 1,237 call options.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Akamai Technologies had a return on equity of 11.45% and a net margin of 13.51%. The company had revenue of $609.24 million for the quarter, compared to analysts’ expectations of $604.94 million. On average, analysts anticipate that Akamai Technologies will post $2.56 earnings per share for the current year.
In other Akamai Technologies news, CEO F Thomson Leighton bought 21,196 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $47.17 per share, for a total transaction of $999,815.32. Following the completion of the transaction, the chief executive officer now directly owns 227,057 shares of the company’s stock, valued at $10,710,278.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul Sagan sold 18,666 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $58.75, for a total value of $1,096,627.50. Following the transaction, the director now owns 60,488 shares of the company’s stock, valued at approximately $3,553,670. The disclosure for this sale can be found here. Insiders have sold 115,021 shares of company stock worth $7,373,194 over the last three months. 2.70% of the stock is currently owned by insiders.
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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