Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Akamai Technologies (AKAM) Share Price
News coverage about Akamai Technologies (NASDAQ:AKAM) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Akamai Technologies earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the technology infrastructure company an impact score of 46.1872045200822 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Hot Mover to Watch – Akamai Technologies Inc (NASDAQ: AKAM) – Alpha Beta Stock (alphabetastock.com)
- Akamai Technologies, Inc. (AKAM): Analyzing Basic Trading Data – Market Movers (financialqz.com)
- Morning Technical Insight on These Internet Stocks — Remark, Akamai Technologies, Blucora, and Baidu – PR Newswire (press release) (prnewswire.com)
- Brokerages Expect Akamai Technologies, Inc. (AKAM) Will Announce Quarterly Sales of $647.92 Million (americanbankingnews.com)
- Akamai Named a 2018 Thomson Reuters Top 100 Global Technology Leader – PR Newswire (press release) (prnewswire.com)
A number of research firms have issued reports on AKAM. BidaskClub downgraded shares of Akamai Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday. Vetr raised shares of Akamai Technologies from a “hold” rating to a “buy” rating and set a $68.08 price objective on the stock in a report on Tuesday, January 16th. KeyCorp downgraded shares of Akamai Technologies from a “sector weight” rating to an “underweight” rating and cut their price objective for the stock from $66.32 to $51.00 in a report on Thursday, January 11th. Guggenheim raised shares of Akamai Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $54.00 in a report on Monday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of Akamai Technologies in a report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Akamai Technologies has a consensus rating of “Hold” and a consensus price target of $63.84.
Akamai Technologies (NASDAQ:AKAM) last released its earnings results on Tuesday, October 24th. The technology infrastructure company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $621.00 million for the quarter, compared to analysts’ expectations of $610.66 million. Akamai Technologies had a return on equity of 10.28% and a net margin of 11.84%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. equities research analysts forecast that Akamai Technologies will post 1.89 earnings per share for the current fiscal year.
In related news, insider Rick M. Mcconnell sold 2,743 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $55.00, for a total value of $150,865.00. Following the sale, the insider now directly owns 37,010 shares in the company, valued at approximately $2,035,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Wheaton sold 10,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $66.29, for a total value of $662,900.00. Following the completion of the sale, the insider now owns 32,319 shares in the company, valued at $2,142,426.51. The disclosure for this sale can be found here. Insiders sold a total of 71,971 shares of company stock worth $4,141,642 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
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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.
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