Weekly Investment Analysts’ Ratings Updates for Akamai Technologies (AKAM)

Akamai Technologies (NASDAQ: AKAM) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2018 – Akamai Technologies was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $71.78 price target on the stock.
  • 2/8/2018 – Akamai Technologies was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 2/8/2018 – Akamai Technologies had its price target raised by analysts at MKM Partners to $84.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at Piper Jaffray Companies to $78.00. They now have an “overweight” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at Credit Suisse Group AG from $75.00 to $78.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at Robert W. Baird from $62.00 to $72.00. They now have a “neutral” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at Royal Bank of Canada to $70.00. They now have a “sector perform” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at KeyCorp from $51.00 to $57.00. They now have an “underweight” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at Citigroup Inc to $80.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – Akamai Technologies had its price target raised by analysts at DA Davidson from $57.00 to $64.00. They now have a “neutral” rating on the stock.
  • 2/6/2018 – Akamai Technologies had its “outperform” rating reaffirmed by analysts at William Blair.
  • 2/5/2018 – Akamai Technologies was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $71.78 price target on the stock.
  • 2/2/2018 – Akamai Technologies had its price target raised by analysts at Nomura from $50.00 to $60.00. They now have a “neutral” rating on the stock.
  • 1/30/2018 – Akamai Technologies was given a new $74.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.
  • 1/30/2018 – Akamai Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/22/2018 – Akamai Technologies was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $68.08 price target on the stock.
  • 1/18/2018 – Akamai Technologies was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/16/2018 – Akamai Technologies was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $68.08 price target on the stock.
  • 1/11/2018 – Akamai Technologies was downgraded by analysts at KeyCorp from a “sector weight” rating to an “underweight” rating. They now have a $51.00 price target on the stock, down previously from $66.32.
  • 1/10/2018 – Akamai Technologies had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $75.00 price target on the stock, up previously from $58.00.
  • 1/4/2018 – Akamai Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Akamai, a leading provider of content delivery network (CDN) is benefiting from growing adoption of cloud-based security solutions. Management is also optimistic about robust over-the top (OTT) content viewing. The acquisition of Nominum is anticipated to benefit the company’s flagship Enterprise Threat Protector solution. With increased adoption of mobile data/apps and growing mobile data traffic Akamai is well positioned for long-term growth.  Additionally, strong balance sheet and cash flow will help the company in future acquisitions and share repurchase. However, top-line growth continues to be negatively impacted by lower revenues from the large Internet Platform group companies. Moreover, we expect the newly launched products to take some more time to generate meaningful growth. Notably, the shares have underperformed the industry over the past one year.”
  • 1/3/2018 – Akamai Technologies had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $75.00 price target on the stock.
  • 1/2/2018 – Akamai Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Akamai, a leading provider of content delivery network (CDN) is benefiting from growing adoption of cloud-based security solutions. Management is also optimistic about robust over-the top (OTT) content viewing. The acquisition of Nominum is anticipated to benefit the company’s flagship Enterprise Threat Protector solution. With increased adoption of mobile data/apps and growing mobile data traffic Akamai is well positioned for long-term growth.  Additionally, strong balance sheet and cash flow will help the company in future acquisitions and share repurchase. However, top-line growth continues to be negatively impacted by lower revenues from the large Internet Platform group companies. Moreover, we expect the newly launched products to take some more time to generate meaningful growth.”
  • 12/27/2017 – Akamai Technologies had its “sell” rating reaffirmed by analysts at Morgan Stanley. They now have a $52.00 price target on the stock.
  • 12/20/2017 – Akamai Technologies had its price target raised by analysts at Guggenheim from $58.00 to $71.00. They now have a “buy” rating on the stock.
  • 12/20/2017 – Akamai Technologies was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/19/2017 – Akamai Technologies was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating.
  • 12/18/2017 – Akamai Technologies had its price target raised by analysts at Oppenheimer Holdings Inc. from $60.00 to $80.00. They now have an “outperform” rating on the stock.
  • 12/18/2017 – Akamai Technologies had its price target raised by analysts at B. Riley from $70.00 to $85.00. They now have a “buy” rating on the stock.
  • 12/18/2017 – Akamai Technologies was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating. They now have a $75.00 price target on the stock.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) opened at $64.13 on Monday. Akamai Technologies, Inc. has a twelve month low of $44.65 and a twelve month high of $69.56. The company has a market capitalization of $10,847.70, a PE ratio of 51.30, a P/E/G ratio of 2.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.82 and a quick ratio of 3.01.

Akamai Technologies (NASDAQ:AKAM) last released its quarterly earnings data on Tuesday, February 6th. The technology infrastructure company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. Akamai Technologies had a return on equity of 9.90% and a net margin of 8.72%. The company had revenue of $663.50 million during the quarter, compared to the consensus estimate of $649.08 million. During the same period last year, the company earned $0.72 EPS. Akamai Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts predict that Akamai Technologies, Inc. will post 2.12 earnings per share for the current fiscal year.

In related news, insider Rick M. Mcconnell sold 48,369 shares of Akamai Technologies stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $56.83, for a total value of $2,748,810.27. Following the completion of the sale, the insider now directly owns 45,974 shares in the company, valued at approximately $2,612,702.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO F Thomson Leighton acquired 18,545 shares of Akamai Technologies stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $53.91 per share, with a total value of $999,760.95. Following the completion of the acquisition, the chief executive officer now directly owns 226,950 shares in the company, valued at approximately $12,234,874.50. The disclosure for this purchase can be found here. Insiders sold a total of 61,112 shares of company stock valued at $3,562,575 over the last quarter. 3.20% of the stock is owned by corporate insiders.

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.

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