B. Riley & Co. Upgrades Akamai Technologies to Buy (AKAM)
AKAM has been the subject of a number of other recent research reports. Analysts at B. Riley upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 30th. Separately, analysts at Canaccord Genuity cut their price target on shares of Akamai Technologies from $34.00 to $32.00 in a research note to investors on Wednesday, May 16th. They now have a “hold” rating on the stock. Finally, analysts at Citigroup (NYSE: C) upgraded shares of Akamai Technologies from a “sell” rating to a “neutral” rating in a research note to investors on Wednesday, May 16th.
Akamai Technologies opened at 28.20 on Friday. Akamai Technologies has a 52-week low of $18.25 and a 52-week high of $39.14. The company has a market cap of $5.053 billion and a price-to-earnings ratio of 26.83.
Akamai Technologies last posted its quarterly earnings results on Wednesday, April 25th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.03. Akamai Technologies’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that Akamai Technologies will post $0.38 EPS next quarter.
Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.