Akamai Technologies Rating Increased to Neutral at Citigroup (AKAM)

By admin | 6 years ago

Akamai Technologies (NASDAQ: AKAM) was upgraded by investment analysts at Citigroup (NYSE: C) from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday.

Shares of Akamai Technologies opened at 29.17 on Wednesday. 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 $5.227 billion and a P/E ratio of 27.75.

Akamai Technologies last announced its 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. On average, analysts predict that Akamai Technologies will post $0.38 earnings per share next quarter.

A number of other analysts have also recently weighed in on AKAM. Analysts at Janney Montgomery Scott upgraded shares of Akamai Technologies from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Akamai Technologies in a research note to investors on Thursday, April 26th. Finally, analysts at Jefferies Group (NYSE: JEF) upgraded shares of Akamai Technologies from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 26th. They now have a $42.00 price target on the stock, up previously from $41.00.

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.

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