Akamai Technologies, Inc. (NASDAQ:AKAM) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Boasting a price of $55.77, Akamai Technologies, Inc. (NASDAQ:AKAM) traded 2.32% higher on the day. With the last stock price close up 5.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Akamai Technologies, Inc. has recorded a 50-day average of $53.15 and a two hundred day average of $53.23. Volume of trade was up over the average, with 2,390,229 shares of AKAM changing hands over the typical 2,172,730
Zacks Investment Research has downgraded Akamai Technologies, Inc. (NASDAQ:AKAM) to Sell in a statement released on Wednesday October 05, 2016.
With a total market value of $0, Akamai Technologies, Inc. has price-earnings ratio of 30.69 with a 52 week low of $39.43 and a 52 week high of $76.39 .
In addition to Zacks Investment Research reporting its stock price target, a total of 20 brokerages have issued a ratings update on the company. The average stock price target is $60.75 with 5 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On 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's across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It 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, and enterprise professional services. Its solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Performance and Security Solutions are designed to help Websites and business applications operate while offering protection against security threats. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Service and Support Solutions offer professional services and solutions.
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