News coverage about Akamai Technologies (NASDAQ:AKAM) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. 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 media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the technology infrastructure company an impact score of 45.2596332570341 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Akamai Technologies (NASDAQ AKAM) traded up $0.44 on Thursday, hitting $55.78. 2,262,285 shares of the stock traded hands, compared to its average volume of 2,184,417. Akamai Technologies has a 52 week low of $44.65 and a 52 week high of $71.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.01 and a current ratio of 3.01. The firm has a market capitalization of $9,364.24, a PE ratio of 28.83, a PEG ratio of 2.19 and a beta of 0.66.

Akamai Technologies (NASDAQ:AKAM) last posted its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. The company 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 company posted $0.68 earnings per share. Akamai Technologies’s revenue for the quarter was up 6.3% compared to the same quarter last year. equities research analysts anticipate that Akamai Technologies will post 1.89 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. TheStreet upgraded shares of Akamai Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Akamai Technologies from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Cowen restated a “hold” rating and issued a $59.00 price target on shares of Akamai Technologies in a research report on Friday, October 27th. Credit Suisse Group upped their price target on shares of Akamai Technologies from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, Nomura upped their price target on shares of Akamai Technologies from $47.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.73.

In related news, insider William Wheaton sold 10,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total transaction of $498,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Rick M. Mcconnell sold 7,579 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $51.00, for a total transaction of $386,529.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,181 shares of company stock worth $1,614,560. 3.20% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this story can be viewed at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-akamai-technologies-akam-share-price/1735903.html.

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)

Receive News & Ratings for Akamai Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akamai Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.