Drexel Hamilton Initiates Coverage On Akamai Technologies to Buy with Price Target $90

Drexel Hamilton Initiates Coverage On Akamai Technologies(AKAM). In a research note issued to the investors, the brokerage major Announces the price-target to $90 per share. The shares have been rated Buy. The rating by the stock financial advisor at Drexel Hamilton was issued on Mar 21, 2017 in a research report to their Investors and Clients.

In a different note, Guggenheim said it Initiates Coverage On Akamai Technologies, according to a research note issued on Dec 22, 2016. In the research note, the firm Announces the price-target to $75 per share. The shares have been rated ‘Buy’ by the firm.

Akamai Technologies (AKAM) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.05% at a volume of 10,08,272. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.31. The peak price level was also seen at $64.31 while the days lowest was $63.46. Finally the shares closed at $63.63. The 52-week high of the shares is $71.64 while the 52-week low is $47.8. According to the latest information available, the market cap of the company is $11,020 M.

Akamai Technologies(AKAM) last announced its earnings results on Feb 7, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $616.124M. Analysts had an estimated revenue of $605.190M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2017, Naomi O Seligman (director) sold 2,000 shares at $64.01 per share price.Also, On Mar 14, 2017, James M Benson (Chief Financial Officer) sold 22,155 shares at $65.00 per share price.On Mar 10, 2017, James Gemmell (EVP & Chief HR Officer) sold 3,112 shares at $63.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Akamai Technologies Inc. is a provider of cloud services for delivering optimizing and securing online content and business applications. Its solutions include delivery of conventional content on Websites tools that support the delivery and operation of cloud-based applications as well as security solutions and live and on-demand streaming video capabilities. The Company’s solutions include Media Delivery Solutions Performance and Security Solutions and Service and Support Solutions. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Performance and Security Solutions are designed to utilize the Company’s core content and application delivery technologies of the Company to make the Internet work better. Service and Support Solutions offer professional services and solutions.

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