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 Recognized as a Leader in the 'IDC MarketScape: Web Application and API Protection (WAAP) 2024 Vendor Assessment' • PR Newswire (US) • 09/17/2024 05:30:00 PM
- Akamai Finds Geopolitical Tensions Driving Surge in DDoS Attacks on Financial Institutions • PR Newswire (US) • 09/17/2024 10:28:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:54:24 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2024 08:42:40 PM
- Akamai Joins the Streaming Video Technology Alliance • PR Newswire (US) • 09/13/2024 07:10:00 AM
- Akamai Puts Media Companies Back in Control with New Workflow Capabilities • PR Newswire (US) • 09/13/2024 07:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 08:48:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:38:15 PM
- Akamai Named a Microsegmentation Leader • PR Newswire (US) • 08/28/2024 03:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 09:19:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 08:05:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 09:00:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/16/2024 08:57:33 PM
- U.S. Stocks May Extend Rebound As Inflation Data Looms • IH Market News • 08/12/2024 01:05:58 PM
- U.S. Stocks Move Mostly Higher, Largely Offset Monday’s Sell-Off • IH Market News • 08/09/2024 08:44:00 PM
- Lingering Economic Concerns May Lead To Pullback On Wall Street • IH Market News • 08/09/2024 01:11:15 PM
- Sweetgreen Rises 22% on Raised Forecasts, Doximity Jumps 30%, Rocket Lab Soars 14% on 71% Revenue Growth, and More • IH Market News • 08/09/2024 09:48:54 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:51:47 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/08/2024 08:31:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:12:11 PM
- AKAMAI REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS • PR Newswire (US) • 08/08/2024 08:00:00 PM
- Akamai and Datadog Partner to Detect, Investigate, and Respond to Threats Across Applications and Workloads • PR Newswire (US) • 08/06/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 09:30:30 PM
- Akamai Announces Intent to Achieve FedRAMP High and DoD Impact Levels 4 and 5 Accreditations • PR Newswire (US) • 07/31/2024 10:00:00 AM
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