Saturday, June 16, 2012 10:10:30 PM
6/14 Akamai Technologies Inc. (AKAM): Today's Featured Internet Winner
By TheStreet Wire 06/14/12 - 05:00 PM EDT
Akamai Technologies (AKAM) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.3%. By the end of trading, Akamai Technologies rose 39 cents (1.3%) to $29.95 on light volume. Throughout the day, 2.5 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $29.55-$30.24 after having opened the day at $29.57 as compared to the previous trading day's close of $29.56. Other companies within the Internet industry that increased today were: Remark Media (MARK), up 9.6%, LiveDeal (LIVE), up 8.6%, HomeAway (AWAY), up 6.2%, and Shutterfly (SFLY), up 5%.
Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $5.42 billion and is part of the technology sector. The company has a P/E ratio of 28.8, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 15% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates Akamai Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Is the glass half empty, half full, or twice as large as it needs to be?
Recent AKAM News
- Akamai's API Security Product Achieves PCI Compliance and Sees Tremendous Customer Growth • PR Newswire (US) • 04/23/2024 10:32:00 AM
- Akamai Rolls Out Cloud Infrastructure and Services Powered by NVIDIA, Optimized for Video Processing • PR Newswire (US) • 04/15/2024 10:30:00 AM
- Akamai Technologies To Hold First Quarter 2024 Investor Conference Call On Thursday, May 9, at 4:30 PM ET • PR Newswire (US) • 04/11/2024 11:00:00 AM
- Akamai Expands Offerings in Hybrid DNS Infrastructure Security with Shield NS53 • PR Newswire (US) • 04/09/2024 10:32:00 AM
- Akamai Research Finds 29% of Web Attacks Target APIs • PR Newswire (US) • 03/19/2024 10:32:00 AM
- Akamai and Neural Magic Partner to Accelerate Deep Learning AI • PR Newswire (US) • 03/12/2024 10:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:03:05 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:10:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:09:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 10:00:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:36:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:36:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:35:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:35:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:34:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:34:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:33:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:33:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:32:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 09:31:50 PM
- Scaleflex Joins Akamai Qualified Computing Partner Program • PR Newswire (US) • 03/07/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:49:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:48:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:48:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:47:18 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM