Akamai Technologies Inc. [NASDAQ: AKAM] traded at a low on 11/03/20, posting a -0.15 loss after which it closed the day’ session at $95.67. The company report on October 27, 2020 that Akamai Technologies Advances 5G Security Strategy with Acquisition of Asavie.
Intended to expand company’s ability to protect enterprise mobile and cellular devices in an increasingly ‘office anywhere’ environment.
Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, announced today that it has acquired Asavie, whose global platform manages the security, performance and access policies for mobile and internet-connected devices. Asavie’s mobile, IoT (“internet of things”) and security solutions will become part of Akamai’s Security and Personalization Services (“SPS”) product line sold to carrier partners that embed the solution within the technology bundle sold to their subscribers.
The results of the trading session contributed to over 1452006 shares changing hands. Over the past one week, the price volatility of Akamai Technologies Inc. stands at 3.50% while the volatility over the past one month is 2.65%.
The market cap for AKAM stock reached $15.68 billion, with 162.41 million shares outstanding and 158.95 million shares in the current float. Compared to the average trading volume of 1.57M shares, AKAM reached a trading volume of 1452006 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Akamai Technologies Inc. [AKAM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AKAM shares is $125.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AKAM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Akamai Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2020. The new note on the price target was released on July 02, 2020, representing the official price target for Akamai Technologies Inc. stock. Previously, the target price had yet another raise to $107, while Morgan Stanley analysts kept a Equal-Weight rating on AKAM stock.
The Average True Range (ATR) for Akamai Technologies Inc. is set at 3.10, with the Price to Sales ratio for AKAM stock in the period of the last 12 months amounting to 5.02. The Price to Book ratio for the last quarter was 3.98, with the Price to Cash per share for the same quarter was set at 8.37. Price to Free Cash Flow for AKAM in the course of the last twelve months was 19.74 with Quick ratio for the last quarter at 3.30.
How has AKAM stock performed recently?
Akamai Technologies Inc. [AKAM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.35. With this latest performance, AKAM shares dropped by -12.31% in over the last four-week period, additionally sinking by -3.53% over the last 6 months – not to mention a rise of 9.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AKAM stock in for the last two-week period is set at 26.95, with the RSI for the last a single of trading hit 19.74, and the three-weeks RSI is set at 31.44 for Akamai Technologies Inc. [AKAM]. The present Moving Average for the last 50 days of trading for this stock 109.01, while it was recorded at 95.96 for the last single week of trading, and 102.76 for the last 200 days.
Akamai Technologies Inc. [AKAM]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Akamai Technologies Inc. [AKAM] shares currently have an operating margin of +19.63 and a Gross Margin at +61.82. Akamai Technologies Inc.’s Net Margin is presently recorded at +16.52.
Return on Total Capital for AKAM is now 10.25, given the latest momentum, and Return on Invested Capital for the company is 9.32. Return on Equity for this stock inclined to 13.96, with Return on Assets sitting at 7.67. When it comes to the capital structure of this company, Akamai Technologies Inc. [AKAM] has a Total Debt to Total Equity ratio set at 73.03. Additionally, AKAM Total Debt to Total Capital is recorded at 42.21, with Total Debt to Total Assets ending up at 38.13. Long-Term Debt to Equity for the company is recorded at 69.22, with the Long-Term Debt to Total Capital now at 40.00.
Reflecting on the efficiency of the workforce at the company, Akamai Technologies Inc. [AKAM] managed to generate an average of $61,890 per employee. Receivables Turnover for the company is 5.61 with a Total Asset Turnover recorded at a value of 0.46.Akamai Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.
Earnings analysis for Akamai Technologies Inc. [AKAM]
With the latest financial reports released by the company, Akamai Technologies Inc. posted 1.23/share EPS, while the average EPS was predicted by analysts to be reported at 1.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AKAM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Akamai Technologies Inc. go to 10.44%.
Insider trade positions for Akamai Technologies Inc. [AKAM]
There are presently around $14,187 million, or 93.20% of AKAM stock, in the hands of institutional investors. The top three institutional holders of AKAM stocks are: VANGUARD GROUP INC with ownership of 18,255,301, which is approximately 2.493% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 14,098,941 shares of the stock with an approximate value of $1.35 billion in AKAM stocks shares; and CLEARBRIDGE INVESTMENTS, LLC, currently with $766.0 million in AKAM stock with ownership of nearly -2.26% of the company’s market capitalization.
Positions in Akamai Technologies Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 427 institutional holders increased their position in Akamai Technologies Inc. [NASDAQ:AKAM] by around 17,607,567 shares. Additionally, 324 investors decreased positions by around 14,674,738 shares, while 92 investors held positions by with 116,005,036 shares. The mentioned changes placed institutional holdings at 148,287,341 shares, according to the latest SEC report filing. AKAM stock had 106 new institutional investments in for a total of 1,505,861 shares, while 70 institutional investors sold positions of 1,445,707 shares during the same period.