Akamai Technologies Inc. Reaches New 12-Month High at $53.61 (AKAM)
Akamai Technologies (NASDAQ:AKAM)’s share price reached a new 52-week high during trading hours on Tuesday, Stock Ratings News reports. The company traded as high as $53.61 and last traded at $53.41, with a volume of 2,236,591 shares traded. The stock had previously closed at $52.20.
Several analysts have recently commented on the stock. Analysts at DA Davidson upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 16th. They now have a $62.00 price target on the stock, up previously from $55.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Akamai Technologies in a research note to investors on Monday, October 7th. They now have a $63.00 price target on the stock. Finally, analysts at B. Riley downgraded shares of Akamai Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $55.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Akamai Technologies currently has an average rating of “Buy” and an average target price of $50.71.
Akamai Technologies has a 52 week low of $32.63 and a 52 week high of $51.32. The stock has a 50-day moving average of $47.21 and a 200-day moving average of $42.46. The company has a market cap of $9.512 billion and a P/E ratio of 38.10.
Akamai Technologies (NASDAQ:AKAM) last released its earnings data on Wednesday, July 24th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $378.10 million for the quarter, compared to the consensus estimate of $374.31 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts expect that Akamai Technologies will post $1.96 EPS for the current fiscal year.
Akamai Technologies, Inc (NASDAQ:AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet.
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