Akamai Technologies (AKAM) Earns Coverage Optimism Rating of 0.19

News articles about Akamai Technologies (NASDAQ:AKAM) have trended somewhat positive on Tuesday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akamai Technologies earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the technology infrastructure company an impact score of 46.4720896411186 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently issued reports on the stock. SunTrust Banks restated a “hold” rating and set a $60.00 price target on shares of Akamai Technologies in a research note on Thursday, December 7th. Piper Jaffray Companies restated a “buy” rating and set a $59.00 price target on shares of Akamai Technologies in a research note on Monday, December 4th. MKM Partners raised their price target on shares of Akamai Technologies to $65.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. TheStreet upgraded shares of Akamai Technologies from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Akamai Technologies from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company. Akamai Technologies presently has an average rating of “Hold” and a consensus target price of $59.59.

Akamai Technologies (NASDAQ:AKAM) traded up $0.47 on Tuesday, reaching $57.02. 1,605,314 shares of the company traded hands, compared to its average volume of 2,176,354. The company has a market cap of $9,557.07, a P/E ratio of 29.43, a PEG ratio of 2.23 and a beta of 0.68. 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.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million during the quarter, compared to the consensus estimate of $610.66 million. Akamai Technologies had a net margin of 11.84% and a return on equity of 10.28%. Akamai Technologies’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. equities analysts anticipate that Akamai Technologies will post 1.89 earnings per share for the current year.

In related news, insider William Wheaton sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $49.81, for a total value of $498,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Aaron Ahola sold 2,893 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.44, for a total transaction of $151,708.92. Following the completion of the transaction, the senior vice president now directly owns 8,046 shares of the company’s stock, valued at $421,932.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,181 shares of company stock valued at $1,614,560. 3.20% of the stock is owned by insiders.

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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)

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