Akamai Technologies, Inc. (NASDAQ:AKAM):
Global Average Connection Speed Increases 14 Percent Year over Year, According to Akamai’s ‘Second Quarter, 2016 State of the Internet Report’.
In the market the company is trading down since yesterday’s close of $52.65.
The stock is trading at $52.28 just a bit lower than the 50 day moving average which is $52.97 and a tad below the 200 day moving average of $53.30. The 50 day moving average moved down $-0.69 and the 200 day average went down by -1.92%.
Akamai Technologies, Inc. currently has a P/E ratio of 28.69 and market cap is 9.13B. As of the latest earnings report the EPS was $1.82 and is projected to be $2.57 for the current year with 174,724,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.66 and the next full year EPS is projected to be $2.85.
Investors are a little more bullish recently as shown by the change in short interest. The stock recorded a fall in short interest of -0.01% as of the latest report on September 15, 2016. Short interest decreased 121,821 over that timeframe. Days to cover decreased from 8.0 to 5.3 and the short interest percentage is 0.07% as of September 15.
Wall Street analysts have issued ratings on the stock. On August 12, 2016 the stock rating was changed to a “Outperform” according to a Wells Fargo report up from the previous “” rating. On July 27 the company was rated “Sector Weight” by Pacific Crest a cut from the previous “Outperform” rating.
On July 21 analysts at SunTrust Robinson Humphrey started coverage by announcing an initial rating of “Buy” and a price target of $66.00. On April 27, 2016 the stock rating was set at “Hold” in a report from Craig-Hallum which is down from the previous “Buy” rating.
RBC Capital initiated coverage on AKAM giving it an initial rating of “Sector Perform” and price target of $62.00. On March 24, 2016 Stifel Nicolaus added the stock to its research portfolio setting a rating of “Hold”.