Akamai Technologies (AKAM) : 10 brokerage houses believe that Akamai Technologies (AKAM) is a Strong Buy at current levels. 10 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Akamai Technologies (AKAM). Zacks Investment Research suggests a Strong Sell with a rank of 5. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 22 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.
Akamai Technologies (AKAM) : Average target price received by Akamai Technologies (AKAM) is $57.85 with an expected standard deviation of $10.42. The most aggressive target on the stock is $75, whereas the most downbeat target is $35. 13 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Akamai Technologies (NASDAQ:AKAM): The stock opened at $52.15 on Thursday but the bulls could not build on the opening and the stock topped out at $52.30 for the day. The stock traded down to $51.30 during the day, due to lack of any buying support eventually closed down at $51.41 with a loss of -1.17% for the day. The stock had closed at $52.02 on the previous day. The total traded volume was 1,582,287 shares.
In a related news,The officer (EVP Platform) of Akamai Technologies Inc, Blumofe Robert sold 2,000 shares at $50.56 on August 1, 2016. The Insider selling transaction had a total value worth of $101,120. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Akamai Technologies, Inc. is a provider of cloud services for delivering, optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites, tools that support the delivery and operation of cloud-based applications, as well as security solutions, and live and on-demand streaming video capabilities. The Companys solutions include Media Delivery Solutions, Performance and Security Solutions, and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Companys core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.