Akamai Technologies, Inc. (NASDAQ: AKAM), the global leader in content delivery network (CDN) services, today announced the opening of a new Security Operations Center (SOC) in Bangalore, India.
The new facility, which began operations in December 2014, adds significant bandwidth capacity and 24/7 expertise to Akamai’s extensive global cyber defense network. By year end, Bangalore will be the second largest Akamai SOC in terms of human resources outside of the United States.
Wonder if they sold their ~180 shares position obtained in Q-1 after the 20% run-up. It will be interesting to see the next Institutional Holders Q-2 disclosier for Oppenheimer, we'll know for fact what they did and are trying to do......, because that was brand new position for them. GL
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
ONTARIO TEACHERS PENSION PLAN BOARD 03/31/2015 25,047 (2,234) (8.19) 1,953
OPPENHEIMER & CO INC 03/31/2015 61,877 (7,035) (10.21) 4,824
OPPENHEIMER FUNDS INC 03/31/2015 178,740 178,740 New 13,935
Sentiment: Strong Buy
There was an upgrade also this morning. I don't remember who. Sorry. But, Cramer thought this downgrade was ridiculous and told everyone not to sell, l that Akamiai was a great stock and was going higher. He said you do not hear that much out of this company, but it was a great company and was definitely going higher.
They downgraded from Outperform to Perform, siting "no major media events this summer compared to last year with the World Cup."
Does any one remember what Akamai said during the conference call when asked what was the impact of such events. I thought it wasn't all that big 2 or 3 pennies at the most from what I remember....
Funny that no one is talking about Apples new product cycle and how that is going to have a positive impact on Akamai's revenue!
Love to see us crush the numbers this year, and all the skeptics with it. Zoom to $300 once the value of the Co. is realized based on the endless internet revenue stream, and then split 7:1.
Sentiment: Strong Buy
Nice big deal with...., say Alibaba should do the trick.
Glad to hear that AT&T is moving forward with "Internet of Things" by investing billions over next few years in CapX., and this is despite the Net Neutrality regulation, which they are suing the government over,
We got an upgrade today! Guess Goldman thinks that this stock should be trading around P/E of 28.
"AKAM saw its price target raised to $53 from $51 at Goldman Sachs. Although the new target still represents a discount to AKAM's current price of $77.96, the boost is well-deserved, considering the equity has advanced more than 46% year-over-year and notched a 14-year high of $78.44 on Thursday. On the options front, short-term speculators have never been as call-focused during the past year as they are now. Akamai Technologies, Inc. sports a Schaeffer's put/call open interest ratio (SOIR) of 0.46, which ranks lower than any other comparable reading taken in the last 12 months."
The moat AKAM has gets wider and deeper each quarter. As long as they can continue to manage OPEX, improve efficiencies, improve profitability... add value for customers... its all good in the 'hood. If anything they will be the acquirer of companies. That said, you can never say never... IBM, Cisco, Oracle... even others like Apple, Google all have financial resources and could incorporate AKAM into their long-term plans.
MNGA is about to boost revenues because it’s just got a major order for its MagneGas® which will be used by one of America’s major transportation companies.
Not for sale! I'm sure that we've been approached by few, but we're better off on our own. We don't need any suitors to make us better. Poison pill is in place to protect us from hostile take over too. We'll partner with every body who needs to off load content off their pipeline or make their product better as is the case with CSCO.
Time and time Akamai has proven that what we do can't be duplicated. The sheer volume coming on line is going to be exponential in next few years. Technically, and because of physics, there is no better alternative at this time. Physically the cable companies couldn't lay down enough fiber optics to keep up with coming demand. So, they are going to use Akamai, just as AT&T is doing now after having a go on their own. And, it's not because we're the only game in town, got the market corr-nerd, it's because we're best in class. Why would they spend all that money when there is less expensive, reliable, secure, scale-able alternative to take care of their needs and their customers, all the while make money too.
In few years there will be people saying, why didn't I see this coming. How did I miss out on this incredible move! And I'll say, only if they listened to the Akamai management team, which has been delivering Q after Q, YOY, investing, delivering on their promises and correctly predicting future of the internet growth. I'll say only if you listened and watched the "2015 Investor Summit".
Cisco needs a cloud dance partner or they will be left out and I know for a fact Cisco will not be left out...Akamai is all about the future and right now Cisco is still much about the past. This needs to change in one fell swoop & I have a feeling it will
Dude, learn to use the "reply" function. And, please explain why you think is't bad choice......, content would be nice!
I'm not big on speculating and people have been opining about lots of different suitors (including IBM), but I keep coming back to Cisco Systems as needing to expand into more "cloud" type business...anyone else think AKAM/CSCO would be a force to contend with ? Would AKAM lose many big customers because of conflicting business interests ?
Wow! This is impressive; almost 3:1 buying vs selling by insiders, and this is all at new highs!
This is from Analyst Ratings:
In the last 30 days, insiders have sold $321.2k worth of AKAM shares and purchased $875.8k worth of AKAM shares. Over the last 3 months, the insider sentiment on Akamai has been neutral based on 82 corporate insider transactions. This sentiment is slightly higher than the average sector sentiment of insiders.
Today, we see Akamai trading near multi-year highs, and the recent earnings gap down was filled in nicely last week. The volume on the sell day post earnings was high but that was likely hot money leaving the stock. The indicators are lined up now for a strong buy signal on Moving Average Convergence Divergence (arrow) and follow- through on the %R oscillator, a momentum indicator measuring overbought and oversold levels.
Relative Strength has been impressive. - Bryan Ashenberg and Bob Lang, "Chart of the Day: AKAM," originally published 5/11/15 on TrifectaStocks.comJim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust, believes that the company's cyber security division is under the radar and could provide hidden value in the future."This company has a killer cyber security division that no one is focused on, yet that could help continue to propel the company's stock higher," said CramerTheStreet Ratings team rates AKAMAI TECHNOLOGIES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate AKAMAI TECHNOLOGIES INC (AKAM) a BUY.
There is always one: Zacks', its like they don't listen to anything the CO. said. And, what they said is that "Media continues deliver strong performance YOY"
5/5/2015 – Akamai Technologies had its price target raised by analysts at Macquarie from $75.00 to $77.00.
5/4/2015 – Akamai Technologies had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $82.00 price target on the stock.
5/4/2015 – Akamai Technologies was downgraded by analysts at Zacks from a “hold” rating to a “sell” rating. Zacks’ analyst wrote, “Akamai reported mixed first-quarter 2015 results with earnings lagging the Zacks Consensus Estimate but revenues in line with the Consensus. We believe that strong demand for cloud infrastructure solutions, security, mobile products and online video will drive the company’s top-line growth going forward. In addition, Akamai’s partnership with the likes of Microsoft, Cisco, AT&T and IBM, will generate financial synergies over the long term. However, intense competition has kept pricing under tremendous pressure, particularly in media segment, which is a significant headwind.”
5/4/2015 – Akamai Technologies had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $77.00 price target on the stock, up previously from $74.00.
5/4/2015 – Akamai Technologies had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $75.00 price target on the stock, up previously from $73.00.
5/2/2015 – Akamai Technologies had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $77.00 price target on the stock, down previously from $170.00. They wrote, “Given that leading security software providers trade at 8 – 10x '16 EV/Sales following a sharp YTD rally, we believe that AKAM shares can move higher over the next year as security grows from a ~$170 million business towards the company's $1 billion goal.