|Bid||69.410 x 900|
|Ask||69.420 x 800|
|Day's Range||68.62 - 69.60|
|52 Week Range||57.18 - 83.08|
|Beta (3Y Monthly)||0.10|
|PE Ratio (TTM)||39.45|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||80.50|
CAMBRIDGE, Mass., Feb. 20, 2019 /PRNewswire/ -- Akamai Technologies (AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced that Info Security Products Guide, the industry's leading information security research and advisory guide, will honor Enterprise Application Access (EAA) as the Gold winner for 'Best Enterprise Secure Access Solution' and the 'Best Security Solution for Retail' in the 15th Annual 2019 Info Security PG's Global Excellence Awards®. Akamai's EAA solution was also named as the runner-up and Silver winner as the 'Best Innovation in Enterprise Security'.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Deciding if you should use a relative valuation model overRead More...
Does Akamai Technologies (AKAM) have what it takes to be a top stock pick for momentum investors? Let's find out.
NEW YORK, Feb. 14, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Akamai Technologies (NASDAQ:AKAM) stock has been stuck in a descending channel for almost a year. This earnings report could be its ticket out it.Source: Shutterstock Last night, it reported earnings and, so far, Wall Street likes what it saw. Management beat on all relevant metrics and guided a strong quarter ahead on strong demand. One could find fault in some expenses but these are growth companies and they need to spend to maintain their growth. As long as they meet the bottom line expectations, costs are not an issue.We now live in a world where technology is part of almost every aspect of it. So as we transition our daily activities online, crime will follow. The cloud, as popular as it has become, thanks to Amazon (NASDAQ:AMZN), creates new opportunities for criminals to exploit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast year, the issue of privacy came to light in a big way thanks to Cambridge Analytica and Facebook (NASDAQ:FB). Public opinion matters, and I bet companies are scrambling to plug every vulnerability point so they don't fall prey to hacks.This is all to say that Akamai and its competitors will have years of strong demand on their services. Because the migration to the electronic world is still in its infancy stage. This is a trend with staying power. * The 7 Best Video Game Stocks to Power Up Your Portfolio! Fundamentally, Akamai stock is not cheap. It sells at a 46X price-earnings ratio. This is expensive in absolute terms, say, compared to Apple (NASDAQ:AAPL), which sports a P/E of 14X. This is also three times more expensive than Juniper Networks (NYSE:JNPR) and NetApp (NASDA:NTAP). So buying it for value is not the argument here.Coming into the earnings report, AKAM stock sported a bullish pattern that had $75 as a target. For the short term, AKAM stock has had a big 21% rally off the December lows. From here, it should face resistance as it approaches prior pivot levels. But these same resistance points if the bulls can overcome them become breakout triggers for momentum traders.Over the longer-term, the chart is not that pretty. The daily chart shows that AKAM stock is in a descending channel since last June. It has been setting lower higher and lower lows for months. Here it is against at the upper edge of that channel where typically it fails.This happened back in early December and they the stock failed miserably. What is different this time is the overall sentiment. Back then, the stock market was falling precipitously on high fear levels.Technically, the zone between $68 and $71 per share has been pivotal for almost five years. AKAM has traded above it but it was labored and it didn't last. And the corrections out of the zone resulted in corrections of 30% over two months of selling.So those who want to trade the potential of this breakout here have to study the short-term charts closely and set the stop losses accordingly. Otherwise they may be stuck in a long-term investment and not a trade. These corrections have rebounded in the past but they took months. This all depends on the trader's intentions of course. Bottom Line on AKAM StockThis morning the stock is trading above $68.51, which was a trigger level on a bullish cup-and-handle pattern targeting $75 zone. AKAM is also approaching a very important line at $70.50. If the bulls can close above it then would trigger a buy signal on the four-hour chart. This was the last major fail level from Dec. 3.If that happens, it would confirm the first breakout pattern and more importantly give it enough momentum to clear the dreaded long term descending channel. That breakout would be more important than the others that brought it to here.The Wall Street analysts have not given up on the stock. They are split between BUY and HOLD and it is trading well below their average price targets. So if the bulls can follow through with the breakout of the channel, AKAM could have a long way to go especially if the markets, in general, continue their rally.Conversely, losing $66 per share would open the hatch to $63.74, which is a potential trap door to $62 per share. Those are not forecasts but levels I need to watch.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post Akamai Stock Is a Wild Horse - Here's How to Tame It appeared first on InvestorPlace.
Akamai Technologies, Inc. (NASDAQ: AKAM ) reported above-consensus fourth-quarter results Tuesday and issued mixed 2019 guidance. The Analysts Guggenheim Securities analysts Robert Gutman maintained a ...
Akamai, which promotes itself as the world’s largest cloud service provider, reported fourth quarter revenue as up 8 percent year over year, or $713 million.
Akamai Technologies (AKAM) delivered earnings and revenue surprises of 7.00% and 1.37%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Akamai (AKAM) benefited from robust performance of cloud security business, growth in Media and Carrier Division, strong seasonal traffic and operational efficiency.
Revenue from the cloud security business - which helps data centers operate and deliver content securely - rose 36 percent to $185 million in the quarter. "The company continues to execute well on its security strategy, and that helps drive a solid quarter and fiscal 2019 outlook," D.A. Davidson analyst Mark Kelleher said. Akamai has been focusing on its security unit as its traditional business of speeding up delivery of video and other content on the web has come under pressure with large media customers such as Apple Inc and Amazon.com Inc building their own networks.
Akamai Technologies earnings (NASDAQ:AKAM) were unveiled late in the day on Tuesday and the company posted solid results that included a profit and revenue beat, although the cloud service provider's results were overshadowed by the announcement that one of its leaders will be calling it a day.The Cambridge, Mass.-based company said that for its fourth quarter of its fiscal 2018, it posted net income of $94 million, or 57 cents per share. The figure was a 241.8% gain when compared to its fourth quarter of its fiscal 2017, when it brought in net income of $27.5 million, or 16 cents per share.On an adjusted basis, Akamai Technologies brought in earnings of $1.07 per share, which was stronger than the $1 per share that the Wall Street consensus estimate called for, according to data compiled by FactSet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe cloud service provider added that its revenue for the period amounted to $713.4 million, an 8.3% improvement over the $658.5 million the company amassed during the year-ago quarter. Akamai Technologies was projected to bring in revenue of $703.7 million, according to data compiled by FactSet.The company also said on Tuesday that its CFO Jim Benson would be retiring on March 1. Current senior vice president of finance Ed McGowan will take over on March 1 as CFO.AKAM stock was down roughly 1.2% after the bell following the company's earnings results and the news of its CFO retiring. Shares had been increasing about the same amount during regular trading hours Tuesday. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Next 10 Months * 7 Reasons You Want Boeing Stock in Your Portfolio * Buy These 5 Stocks to Play the Megatrend of the Century Compare Brokers The post Akamai Technologies Earnings: AKAM Stock Dips as CFO Retires, EPS Beat appeared first on InvestorPlace.
Shares of Activision Blizzard ATVI were volatile in extending trading Tuesday following a mixed fourth-quarter earnings report and weak outlooks for both the first quarter and full year. Activision also issued weak first-quarter guidance, saying it expects earnings of 20 cents a share on $1.18 billion in revenue, compared to the estimated earnings per share of 46 cents on $1.45 billion in revenue. Earnings per share were 27 cents, compared to the 29 cents expected by Wall Street.
The Cambridge, Massachusetts-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.07 per share. The results exceeded ...
Akamai Technologies Inc. shares ticked higher in the extended session Tuesday after the cloud-software and security company topped Wall Street targets for the quarter and announced its chief financial officer was retiring. Akamai shares were last up 2% after hours, following a 1.2% rise to close the regular session at $69.33. The company reported fourth-quarter net income of $94 million, or 57 cents a share, compared with $27.5 million, or 16 cents a share, in the year-ago period. Adjusted earnings were $1.07 a share. Revenue rose to $713.4 million from $658.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1 a share on revenue of $703.7 million. Akamai said CFO Jim Benson was retiring and that Ed McGowan, senior vice president of finance, will succeed him on March 1.
Record revenue of $713 million , up 8% year-over-year and up 10% when adjusted for foreign exchange* Cloud Security Solutions revenue grew 36%, now over $750 million annualized run rate GAAP EPS of $0.57 ...
CAMBRIDGE, Mass., Feb. 12, 2019 /PRNewswire/ -- Akamai Technologies, Inc. (AKAM), the intelligent edge platform for securing and delivering digital experiences, and Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced an expansion of their relationship through the establishment of a joint venture, the Global Open Network, Inc. (GO-NET) and their plans to offer a new blockchain-based online payment network enabling next-generation transaction security, scale and responsiveness.
NEW YORK, NY / ACCESSWIRE / February 12, 2019 / Akamai Technologies, Inc. (NASDAQ: AKAM ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 12, 2019 ...