Well...my order didn't fill on Friday, thankfully in hind site. The question is, how long will the markets throw everything out? I'm gonna buy more AKAM but I don't think it will be today. Perhaps I will get some in the 30s. Im gonna study the technicals and determine a buy point assuming another leg down. This is nuts...but an opportunity none the less.
Non existent? Really? And why is that?
decent cash flow, low debt, strong equity, good client base, #1 in their industry.
I can understand the correction (the stock was a bit highly valued), but Non existent? What are you even talking about pratheesanp?
Sounds prudent. All cloud is down, so I would be very careful. I would see what happens after it reports, and how other cloud plays trade.
FYI, All the earnings calendars are inaccurate. I had it marked down for Monday earnings, when they are Tuesday. You literally have to check multiple earnings calendars, and repeat on the supposed day of reporting. Best of luck.
If I buy....last week, yesterday, today.....no matter how good of a buy I know it is ( albeit, it may take a couple years to pan out...which I have ). I would be braking a rule that I TRY to follow because of past experiences....and that rule is, as so many already know, DON'T TRY TO CATCH FALLING KNIVES!!! I gotta have discipline, even if I miss out on a bit of an opportunity. GLTA, B
I hear you....maybe for just a nibble though....be careful!!! And as a piece of advice, not that you're asking...treat it like a trade, not an investment. It will likely bounce and then retreat afterward.....
This was vs. the .62 expected...I guess they go by non-gap earnings. I have no position, but I think based on this report it's a bit of an overreaction to the upside...but the stock was very beat up, so there's that...I would go long in the mid $30's.
yeah, weird, afterhours is all over the place, between $39 and $45 dollars...large fluctuations, tomorrow's open should be interesting.
It all depends what has been said for the next QTs in the conference call. It looks the guidance should be good, not like last QT in November 2015. Anybody listen what they said?
On the conf call they said their two top customers will cut their usage of of AKAM services by 50% over the next year. It won't happen overnight, and will only have a modest effect on Mar qtr, but per the CEO will hit 'the next couple of quarters.
Analysts sounding cautious on the call and they don't look just to the next quarter, they have to look out a year. I'd expect analyst comments to be cautious.
Tomorrow will be a fun day, but after the big gap up, I say we end up flat (unless of course the market has a 3% up day!
They are not legally obligated to buy shares in this market. They can announce their intention, but they're not obligated. I would say if a recession is on the way, or a severe downturn, it wouldn't make sense for the CEO or anyone else to buy their own shares. By the way, the buyback extends to 2018.