Akamai Technologies (AKAM) Receives Daily News Impact Rating of 0.14

News stories about Akamai Technologies (NASDAQ:AKAM) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akamai Technologies earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the technology infrastructure company an impact score of 45.8272474216967 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

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Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Content Delivery Network Global Market Size, Share, Growth Analysis Forecast to 2022 (sbwire.com)
Insider Trading Activity Akamai Technologies, Inc. (NASDAQ:AKAM) – CEO Bought 21,554 shares of Stock (4-traders.com)
Akamai Technologies, Inc. (AKAM) CEO F Thomson Leighton Acquires 21,554 Shares (americanbankingnews.com)
India Content Delivery Network Market to Emerge at a CAGR of 22.9% from 2016-2026 (sbwire.com)
Here’s Why Investors Should Offload Akamai (AKAM) Stock (zacks.com)

A number of research analysts have commented on AKAM shares. Morgan Stanley lowered Akamai Technologies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $68.00 to $54.00 in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $46.00 price objective (down from $52.00) on shares of Akamai Technologies in a research report on Friday, June 30th. Guggenheim lowered Akamai Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $60.00 in a research report on Wednesday, May 3rd. Robert W. Baird lowered Akamai Technologies from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $55.00 in a research report on Friday, May 5th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $73.00 price objective (down from $80.00) on shares of Akamai Technologies in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.76.

Akamai Technologies (NASDAQ AKAM) traded down 0.11% during mid-day trading on Wednesday, hitting $46.29. The company’s stock had a trading volume of 1,722,707 shares. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 26.44 and a beta of 0.66. Akamai Technologies has a 52-week low of $45.41 and a 52-week high of $71.64. The firm has a 50 day moving average of $49.06 and a 200-day moving average of $55.55.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Tuesday, July 25th. The technology infrastructure company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. The firm had revenue of $608.90 million for the quarter, compared to analyst estimates of $604.51 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Akamai Technologies will post $2.52 EPS for the current fiscal year.

In related news, CEO F Thomson Leighton acquired 20,397 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $49.02 per share, for a total transaction of $999,860.94. Following the completion of the acquisition, the chief executive officer now owns 247,454 shares of the company’s stock, valued at $12,130,195.08. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic V. Salerno acquired 5,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were bought at an average price of $46.83 per share, for a total transaction of $234,150.00. Following the acquisition, the director now directly owns 62,192 shares of the company’s stock, valued at approximately $2,912,451.36. The disclosure for this purchase can be found here. Insiders have bought 87,964 shares of company stock worth $4,244,692 in the last quarter. Company insiders own 3.20% of the company’s stock.

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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.