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A statement released earlier today by Instinet about Akamai Technologies, Inc. (NASDAQ:AKAM) bumps down the target price to $47.62

Instinet bumped down the target of Akamai Technologies, Inc. (NASDAQ:AKAM) to $47.62 stating a potential upside of 0%.

On 5/15/2017, Robert W. Baird released a statement for Akamai Technologies, Inc. (NASDAQ:AKAM) bumped down the target price from $60.00 to $55.00 that suggested an upside of 0.10%.

Boasting a price of $47.62, Akamai Technologies, Inc. (NASDAQ:AKAM) traded -1.17% lower on the day. With the last stock price close down 4.59% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Akamai Technologies, Inc. has recorded a 50-day average of $49.55 and a two hundred day average of $50.08. Volume of trade was down over the average, with 1,563,153 shares of AKAM changing hands under the typical 1,868,620

Performance Chart

Akamai Technologies, Inc. (NASDAQ:AKAM)

With a total market value of $0, Akamai Technologies, Inc. has price-earnings ratio of 29.91 with a one year low of $44.65 and a one year high of $71.64 .

A total of 20 equity analysts have released a ratings update on AKAM. Five equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, nine equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $60.75.

Brief Synopsis About Akamai Technologies, Inc. (NASDAQ:AKAM)

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. Its solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Its Performance and Security Solutions include Web and Mobile Performance Solutions, Cloud Security Solutions, Enterprise Solutions and Network Operator Solutions. The Media Delivery Solutions offerings include Adaptive Delivery solutions, Download Delivery offerings, Infinite Media Acceleration solutions Media Services and Media Analytics. It offers a range of professional services and solutions designed to assist its customers with integrating, configuring, optimizing and managing its core offerings.

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