Stock of the Day

Akamai Technologies (AKAM)

$77.02

+$0.88 (+1.1%)

Market Cap: $11.26B

About Akamai Technologies

Akamai Technologies, Inc. provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.

It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and cloud computing services, such as compute, storage, networking, database, and container management services to build, deploy, and secure applications and workloads. In addition, the company offers content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through various channel partners. Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

Akamai Technologies Bull Case

Here are some ways that investors could benefit from investing in Akamai Technologies, Inc.:

• The stock has shown resilience with a current price around $75.84, indicating potential for recovery and growth.
• Akamai Technologies, Inc. has received a consensus rating of "Moderate Buy" from analysts, suggesting positive sentiment in the market.
• Recent insider activity includes the CEO purchasing shares, which often signals confidence in the company's future performance.
• The company maintains a solid market capitalization of approximately $11 billion, reflecting its stability and presence in the industry.
• Analysts have set a consensus price target of $103.26, indicating potential upside from the current stock price.

Akamai Technologies Bear Case

Investors should be bearish about investing in Akamai Technologies, Inc. for these reasons:

• Recent price target reductions by multiple analysts, including a drop to $90.00, may indicate concerns about future performance.
• Insider selling activity has been notable, with significant shares sold recently, which could raise red flags about the company's outlook.
• The stock has experienced a decline of about 1.6% recently, which may suggest volatility and uncertainty in the market.
• With a P/E ratio around 23, the stock may be considered overvalued compared to industry peers, potentially limiting future growth.
• Analysts have issued a mix of ratings, including several hold ratings, which may reflect a lack of strong conviction in the stock's upward trajectory.

Recent News

• Akamai Advances As Major Player In Public Cloud Iaas Market (msn.com)
• Akamai Technologies: Continued Earnings Stagnation Rightfully Triggers A Reset (seekingalpha.com)
• Akamai Technologies: Lowered Guidance Clouds Future Potential (seekingalpha.com)
• Akamai Addresses DNS Security and Compliance Challenges with Industry-First DNS Posture Management (prnewswire.com)
• Akamai Technologies (NASDAQ:AKAM) shareholders have endured a 26% loss from investing in the stock three years ago (finance.yahoo.com)