Akamai Technologies (AKAM) Given News Sentiment Score of 0.16
Press coverage about Akamai Technologies (NASDAQ:AKAM) has been trending somewhat positive on Saturday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Akamai Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the technology infrastructure company an impact score of 46.2927695320677 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Aaron Ahola Sells 1,123 Shares of Akamai Technologies, Inc. (AKAM) Stock (americanbankingnews.com)
- Application Delivery Network (ADN) Market Emerging Worldwide | Citrix Systems, F5 Networks, Radware (digitaljournal.com)
- Research Analysts Issue Forecasts for Akamai Technologies, Inc.’s Q4 2018 Earnings (AKAM) (americanbankingnews.com)
- Akamai Identified As A Leader In 2018 Gartner Magic Quadrant For Web Application Firewalls For Second Consecutive Year (finance.yahoo.com)
- DDoS Protection Global Market 2018: Key Players – Arbor Networks, Akamai Technologies, F5 Networks, Imperva, Radware (empowerednews.net)
AKAM has been the topic of several research analyst reports. Credit Suisse Group reissued a “neutral” rating and set a $84.00 price target (down previously from $88.00) on shares of Akamai Technologies in a research note on Monday, August 13th. B. Riley decreased their price target on Akamai Technologies from $99.00 to $97.00 and set a “$79.75” rating on the stock in a research note on Monday, July 23rd. TheStreet lowered Akamai Technologies from a “b-” rating to a “c+” rating in a research note on Friday, August 10th. Robert W. Baird reissued a “hold” rating and set a $77.00 price target on shares of Akamai Technologies in a research note on Wednesday, August 1st. Finally, ValuEngine raised Akamai Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Thirteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Akamai Technologies has an average rating of “Buy” and an average price target of $75.87.
Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings data on Tuesday, July 31st. The technology infrastructure company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. Akamai Technologies had a return on equity of 10.63% and a net margin of 6.74%. The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $661.13 million. During the same period in the previous year, the firm posted $0.62 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts forecast that Akamai Technologies will post 2.48 EPS for the current fiscal year.
In related news, Director Naomi O. Seligman sold 7,855 shares of Akamai Technologies stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $74.00, for a total transaction of $581,270.00. Following the completion of the transaction, the director now directly owns 6,023 shares in the company, valued at approximately $445,702. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Aaron Ahola sold 4,500 shares of Akamai Technologies stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $74.00, for a total value of $333,000.00. Following the transaction, the senior vice president now owns 8,578 shares of the company’s stock, valued at $634,772. The disclosure for this sale can be found here. Insiders have sold a total of 159,313 shares of company stock valued at $12,201,062 over the last 90 days. Insiders own 3.20% of the company’s stock.
About Akamai Technologies
Akamai Technologies, Inc provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers Web and mobile performance solutions, such as Ion, a situational performance solution; Dynamic Site Accelerator that helps in consistent Website performance; Image Manager that automatically optimizes online images; CloudTest to conduct load testing and other analysis of Websites in a pre-production environment; mPulse that provides real-time Website performance data to provide insight about end-user experiences on a Website; and Global Traffic Management, a fault-tolerant solution.
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