Akamai Technologies (AKAM) Earning Somewhat Positive News Coverage, Report Shows

Media coverage about Akamai Technologies (NASDAQ:AKAM) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Akamai Technologies earned a news sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also assigned news coverage about the technology infrastructure company an impact score of 94 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Alpha One Sentiment’s rankings:

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

Several research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $66.00 price objective on shares of Akamai Technologies in a report on Sunday, June 11th. TheStreet cut shares of Akamai Technologies from a “b-” rating to a “c” rating in a report on Wednesday, May 31st. Instinet assumed coverage on shares of Akamai Technologies in a report on Thursday, May 25th. They issued a “neutral” rating and a $47.62 price objective for the company. Nomura assumed coverage on shares of Akamai Technologies in a report on Thursday, May 25th. They issued a “neutral” rating and a $50.00 price objective for the company. Finally, Robert W. Baird cut shares of 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 report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company’s stock. Akamai Technologies has an average rating of “Hold” and a consensus target price of $65.21.

Shares of Akamai Technologies (AKAM) opened at 49.22 on Tuesday. The stock has a market cap of $8.51 billion, a P/E ratio of 26.90 and a beta of 0.71. Akamai Technologies has a 52-week low of $46.81 and a 52-week high of $71.64. The firm has a 50-day moving average of $49.76 and a 200-day moving average of $60.86.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings results on Tuesday, May 2nd. The technology infrastructure company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Akamai Technologies had a net margin of 13.28% and a return on equity of 10.01%. The firm had revenue of $609.24 million for the quarter, compared to analyst estimates of $604.94 million. On average, equities analysts expect that Akamai Technologies will post $2.56 EPS for the current fiscal year.

In other Akamai Technologies news, Director Paul Sagan sold 18,666 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $58.75, for a total value of $1,096,627.50. Following the transaction, the director now owns 60,488 shares of the company’s stock, valued at $3,553,670. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO F Thomson Leighton purchased 20,397 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was bought at an average cost of $49.02 per share, for a total transaction of $999,860.94. Following the purchase, the chief executive officer now owns 247,454 shares of the company’s stock, valued at approximately $12,130,195.08. The disclosure for this purchase can be found here. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AKAM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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