Economy

Akamai Technologies Earnings, Revenue Top Estimates, Shares Rise

Endurance Wealth Management Inc. grew its holdings in shares of Akamai Technologies, Inc. Akamai Technologies makes up approximately 1.4% of Endurance Wealth Management Inc.'s holdings, making the stock its 23rd largest position. Thrivent Financial For Lutherans now owns 1,908,864 shares of the technology infrastructure company's stock valued at $95,080,000 after purchasing an additional 867,795 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: "Endurance Wealth Management Inc". Akamai Technologies, Inc. The stock has a 50 day moving average price of $66.34 and a 200-day moving average price of $58.03. Over the last three months, insiders have purchased 46,224 shares of company stock valued at $2,245,074.

Akamai Technologies, Inc. (NASDAQ:AKAM), stock is trading $71.64 above the 52-week high and has displayed a high EPS growth of 10.90% in last 5 years.

AKAM has been the topic of several recent analyst reports. Cowen and Company restated a "hold" rating and set a $61.00 price target on shares of Akamai Technologies in a report on Friday, July 21st. Akamai said revenue rose 6% to $621 million, also above estimates. If you are accessing this piece on another website, it was illegally copied and republished in violation of worldwide copyright & trademark laws.

Akamai Technologies, Inc. (NASDAQ:AKAM), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. Instinet reiterated a "neutral" rating and set a $47.00 price target (down previously from $48.00) on shares of Akamai Technologies in a research note on Tuesday, September 5th. The stock has a market capitalization of $8.90 billion, a P/E ratio of 29.65 and a beta of 0.65.

The company said its bottom line came in at $106.66 million, or $0.62 per share. Akamai Technologies had a net margin of 12.67% and a return on equity of 10.97%. Finally, Piper Jaffray Companies restated a "buy" rating and set a $57.00 price target on shares of Akamai Technologies in a report on Wednesday, July 26th. Analysts have a mean recommendation of 1.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Also, CEO F Thomson Leighton bought 19,670 shares of the firm's stock in a transaction on Monday, October 16th. The shares were bought at an average price of $67.43 per share, for a total transaction of $999,852.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were sold at an average price of $49.81, for a total value of $498,100.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions.



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