Akamai Technologies (NASDAQ:AKAM) Earns Hold Rating from SunTrust Banks

  • Akamai Technologies (NASDAQ:AKAM) Earns Hold Rating from SunTrust Banks

Akamai Technologies (NASDAQ:AKAM) Earns Hold Rating from SunTrust Banks

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock.

VANGUARD GROUP INC raised its stake in The Travelers Companies, Inc. The option since executed brings Leighton ownership to 3.22 million shares. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since December 17, 2016 and is downtrending. Kings Point holds 0.01% of its portfolio in Akamai Technologies, Inc.

Akamai Technologies Inc.is the leading global service provider for accelerating content and business processes online. Connor Clark And Lunn Mgmt invested in 204,325 shares or 0.07% of the stock.

Brad Zelnick, an analyst at Credit Suisse, upped his price target on Akamai to 75 from 55. (NASDAQ:AKAM) or 112,368 shares. At the time of writing Akamai Technologies, Inc. British Columbia holds 0.09% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 28,000 shares. Dimensional Fund Lp stated it has 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). First National Bank Of Omaha has invested 0.14% in Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on February, 6. Eaton Vance reported 777,018 shares. Parallax Volatility Advisers L P invested in 0% or 16,282 shares. (NASDAQ:AKAM). The New York-based Guardian Life Insurance Of America has invested 0% in Akamai Technologies, Inc.

In other Akamai Technologies news, insider William Wheaton sold 10,000 shares of Akamai Technologies stock in a transaction on Monday, October 2nd. MCCONNELL RICK M had sold 7,579 shares worth $386,529 on Tuesday, October 10. The 14-day RSI is now sitting at 74.10, the 7-day is at 78.26, and the 3-day is spotted at 86.66 for Akamai Technologies (AKAM). The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. 9,147,116 shares of the company traded hands, compared to its average volume of 1,996,073. The rating was downgraded by Robert W. Baird on Friday, May 5 to "Neutral". Therefore 46% are positive. Akamai Tech has $91 highest and $42 lowest target. The Piotroski score is used to determine the best value stocks, nine being the best. AU Optronics had 13 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned "Equal-Weight" rating on Wednesday, October 28 by Morgan Stanley. Piper Jaffray maintained Akamai Technologies, Inc. Institutional shareholders now hold a 87.75% stake overall in AKAM. As per Wednesday, October 25, the company rating was maintained by Nomura. The firm has "Sell" rating by Goldman Sachs given on Wednesday, July 27. As per Friday, March 3, the company rating was downgraded by Bernstein. The firm has "Neutral" rating given on Wednesday, July 26 by UBS. Evercore initiated the stock with "Buy" rating in Monday, December 14 report. The rating was maintained by Wells Fargo with "Hold" on Tuesday, October 10. $999,784 worth of Akamai Technologies, Inc. The stock has "Market Outperform" rating by JMP Securities on Friday, August 28. The stock has "Sector Perform" rating by RBC Capital Markets on Wednesday, October 26. The stock increased 14.27% or $8.24 during the last trading session, reaching $66. About 7.46 million shares traded or 260.53% up from the average. Corcept Therapeutics Incorporated (NASDAQ:CORT) has risen 124.81% since December 17, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Analysts await Merck & Co., Inc. Hightower Lc reported 6,105 shares. The technology infrastructure company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.03. AKAM's profit will be $74.43 million for 37.38 P/E if the $0.44 EPS becomes a reality. After $0.41 actual EPS reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 7.32% EPS growth.

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally.

Akamai's market cap is now $9.8B and has a P/E ratio of 34.80.

Latest analyst recommendations could offer little help to investors. It also provides cloud security solutions, including Kona Site Defender, Bot Manager, Fast Domain Name System, Prolexic Routed, and Client Reputation; enterprise solutions comprising Enterprise Application Access and Akamai Cloud Connect. The most recent ratio is 20.08%, which is sensible and indicates Akamai Technologies has not taken on too much leverage. (NASDAQ:AKAM) were released by: Prnewswire.com and their article: "Akamai Completes Acquisition of Nominum" published on November 27, 2017 as well as Ft.com's news article titled: "Akamai Technologies jumps on activist stake" with publication date: December 18, 2017.