Akamai Technologies Sees Unusually Large Options Volume (AKAM)
Shares of Akamai Technologies (NASDAQ:AKAM) was the target of unusually large options trading on Thursday. Stock traders purchased 22,137 call options on the company, Analyst Ratings Net reports. This is an increase of 555% compared to the typical volume of 3,379 call options.
In other Akamai Technologies news, Director Martin M. Coyne II unloaded 5,000 shares of Akamai Technologies stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $52.56, for a total value of $262,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Akamai Technologies from $45.00 to $44.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at B. Riley cut their price target on shares of Akamai Technologies from $55.00 to $48.50 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Macquarie downgraded shares of Akamai Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Akamai Technologies presently has an average rating of “Buy” and a consensus price target of $50.09.
Shares of Akamai Technologies (NASDAQ:AKAM) opened at 46.06 on Friday. Akamai Technologies has a 52-week low of $32.63 and a 52-week high of $51.32. The stock’s 50-day moving average is $47.21 and its 200-day moving average is $42.46. The company has a market cap of $8.206 billion and a P/E ratio of 33.62.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.04. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $387.70 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Akamai Technologies will post $1.96 earnings per share 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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