News coverage about Akamai Technologies (NASDAQ:AKAM) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Akamai Technologies earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the technology infrastructure company an impact score of 47.3796304558784 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Akamai Technologies (NASDAQ AKAM) opened at $74.67 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.20. The company has a market cap of $12,747.27, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 2.68 and a beta of 0.68. Akamai Technologies has a 1 year low of $44.65 and a 1 year high of $78.28.

Akamai Technologies (NASDAQ:AKAM) last issued its quarterly earnings results on Tuesday, February 6th. The technology infrastructure company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.06. The business had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $649.08 million. Akamai Technologies had a net margin of 8.72% and a return on equity of 9.90%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. equities research analysts expect that Akamai Technologies will post 2.19 EPS for the current fiscal year.

Akamai Technologies declared that its board has initiated a share buyback program on Thursday, March 8th that authorizes the company to buyback $417.00 million in outstanding shares. This buyback authorization authorizes the technology infrastructure company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several analysts have issued reports on AKAM shares. TheStreet raised Akamai Technologies from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Deutsche Bank reiterated a “buy” rating and set a $75.00 price target on shares of Akamai Technologies in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Akamai Technologies from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Tuesday, January 2nd. Guggenheim lifted their price target on Akamai Technologies from $58.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Finally, Craig Hallum upgraded Akamai Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Akamai Technologies has a consensus rating of “Buy” and a consensus price target of $69.84.

In other Akamai Technologies news, EVP James Gemmell sold 8,430 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $67.00, for a total value of $564,810.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Wheaton sold 10,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $66.29, for a total transaction of $662,900.00. Following the completion of the sale, the insider now owns 32,319 shares of the company’s stock, valued at approximately $2,142,426.51. The disclosure for this sale can be found here. Insiders have sold a total of 23,430 shares of company stock worth $1,577,710 in the last three months. Insiders own 3.20% of the company’s stock.

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Akamai Technologies Company Profile

Akamai Technologies, Inc is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company is involved in offering content delivery network (CDN) services. Its services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions.

Insider Buying and Selling by Quarter for Akamai Technologies (NASDAQ:AKAM)

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