This part of the note is bunch of crock.
"However, intense competition has kept pricing under tremendous pressure, particularly in the media segment, which is a significant headwind. Additionally, stiff competition has forced the company to lower the price of its CDN services, primarily in the media segment despite increasing bandwidth costs. Such setbacks are weighing on the company’s financials."
"Tremendous Pressure" Yeah there is pressure killing the competition YOY we do more media and make more money!
"Stiff competition" "increasing bandwidth cost" all offset my optimization once again killing the competition, and maintaining COGS at steady level all the while making more money due to increased volume.
Sentiment: Strong Buy
Problem is, in this environment, no one wants to pay more than 20 times earnings. AKAM needs to beat this quarter so the 2015 estimates get closer to $3.
Never thought we'd see under 70 again in AKAM (unless stock split). Great growth company that very few
seem to know about. Look at anemic volume and huge down day....no one selling but it's plummeting. MMs stealing shares here. Will be over 80 after Labor Day.
Yes, Macquarie leaning on it since they downgraded it a few days ago. Gotta make it look good.
Back to high 70s after late July earnings
AKAM is getting no respect for being a growth company.....they're being categorized as a high flyer, not a company with solid growth historically (3 years) and a dominant market player. Should have 30 multiple, not low 20s multiple like a PG. Cmon, this is an 85 dollar stock masquerading as a 71 dollar stock.
The moat this company has keeps getting wider and deeper, so the barriers to to compete with them keep getting larger.
For a fast growing mid cap tech company it boggles my mind how few investors are on this page. What more do they want?......20% growth, high tech leader in their niche, great partners (AAPL, etal). This stock will be 100 before any buyout and that could be before '16 is over. 18-20 billion $$$ deal. Perfect midsize deal.
With so many servers within close proximity to customers worldwide and expanding cybersecurity... Oracle comes to mind as one of many, especially as Oracle moves more and more to the cloud. One of many!
Some investors in AKAM options really got a beating last Friday. The day’s price never reached 75, with nearly 2,500 open call contracts. Some other June 19 calls that didn’t pan out:
Ouch! And it doesn’t make the future look rosey.
Coiled spring....AKAM. Great growth, dominant market position, excellent buyout target for CSCO, HPQ, MSFT, etal. Next earnings report should could see another 10% pop....mid 80s by Labor Day.
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Just posted a Macquarie downgrade from 7am this morning. This means it's an excellent time to buy here. It'll be 85 by Labor Day....