Can Akamai Technologies (AKAM) Continue to Surge?

Zacks

One company that should be on your radar is Akamai Technologies, Inc. (AKAM). The stock of this internet service provider has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AKAM’s full year estimate, we have seen 10 estimates go higher in the past 30 days, compared to no downward revisions. This trend has helped the consensus estimate to trend higher, going from $1.76 a share a month ago to its current level at $1.88.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AKAM has seen some pretty solid trading lately, as the company has moved higher by 23.6% in the past month.

If Akamai Technologies can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AKAM on your watch list for the future.

Other top-ranked stocks worth considering in this space include Interxion Holding NV (INXN), Facebook, Inc. (FB), and Healthstream Inc. (HSTM). While Interxion Holding carries a Zacks Rank #1 (Strong Buy),  Facebook and Healthstream hold a Zacks Rank #2 (Buy).

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AKAMAI TECHNOLOGIES INC (AKAM): Free Stock Analysis Report

INTERXION HOLDING NV (INXN): Free Stock Analysis Report

FACEBOOK CL A (FB): Free Stock Analysis Report

HEALTHSTREAM INC (HSTM): Free Stock Analysis Report


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