Janney Montgomery Scott Raises Akamai Technologies to Buy (AKAM)

By admin | 6 years ago

Akamai Technologies (NASDAQ: AKAM) was upgraded by research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a report released on Tuesday.

Akamai Technologies traded up 0.26% on Tuesday, hitting $30.27. Akamai Technologies has a 1-year low of $18.25 and a 1-year high of $39.14. The company has a market cap of $5.424 billion and a price-to-earnings ratio of 28.73.

Akamai Technologies last released its earnings data on Wednesday, April 25th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that Akamai Technologies will post $0.38 EPS next quarter.

AKAM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Akamai Technologies in a research note to investors on Thursday, April 26th. Separately, analysts at Citigroup (NYSE: C) upgraded shares of Akamai Technologies to a “buy” rating 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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