Akamai Technologies (AKAM) Receives ‘Analyst’ Rating

Akamai Technologies (AKAM) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Akamai Technologies (AKAM) : Currently there are 14 street experts covering Akamai Technologies (AKAM) stock. The most bullish and bearish price target for the stock is $70 and $35 respectively for the short term. The average price target of all the analysts comes to $57.43. The estimated standard deviation from the target is $9.44.


Also, In a research note released to the investors, Wells Fargo upgrades its rating on Akamai Technologies (NASDAQ:AKAM).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on August 12, 2016.

Akamai Technologies (NASDAQ:AKAM): The stock opened in the green at $51.31 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $51.71 and a low of $50.91 for the day. The stock did not find buyers even at the lows and closed at $51.38 recording a loss of -0.52%. 3,071,969 shares exchanged hands during the trading day. The stock had closed at $51.65 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.