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.

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