In a report released on Wednesday May 03, 2017 SunTrust Banks, Inc. reduced the stock price target of Akamai Technologies, Inc. (NASDAQ:AKAM) from $82.00 to $54.00 stating a potential downside of -0.14%.
Previously on 4/27/2017, Morgan Stanley released a statement for Akamai Technologies, Inc. (NASDAQ:AKAM) bumped down the target price from $68.00 to $54.00. At the time, this indicated a possible downside of -0.13%.
Yesterday Akamai Technologies, Inc. (NASDAQ:AKAM) traded 1.66% higher at $62.50. Akamai Technologies, Inc.’s 50-day average is $61.22 and its two hundred day average is $64.67. With the last close down -3.36% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the date range. Volume of trade was up over the average, with 3,037,158 shares of AKAM changing hands over the typical 2,170,220
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Akamai Technologies, Inc. has PE ratio of 34.92 with a 52 week low of $47.80 and a 52 week high of $71.64 and has a market capitalization of $0.
In addition to SunTrust Banks, Inc. reporting its target price, a total of 20 firms have released a ratings update on AKAM. The one year target is $60.75 with five brokers rating the stock a strong buy, 9 brokers rating the stock a buy, nine analysts rating the company a hold, two analysts rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis About Akamai Technologies, Inc. (NASDAQ:AKAM)
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. Its solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Its Performance and Security Solutions include Web and Mobile Performance Solutions, Cloud Security Solutions, Enterprise Solutions and Network Operator Solutions. The Media Delivery Solutions offerings include Adaptive Delivery solutions, Download Delivery offerings, Infinite Media Acceleration solutions Media Services and Media Analytics. It offers a range of professional services and solutions designed to assist its customers with integrating, configuring, optimizing and managing its core offerings.
The post A statement released today by SunTrust Banks, Inc. about Akamai Technologies, Inc. (NASDAQ:AKAM) drops the target price to $54.00 appeared first on Octafinance.