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Stay informed on AKAM stock with the most important news summaries, insider trading, valuation highlights and analyst recommendations

AKAM stock news: A summarized overview for you, just the bottom line of the most recent news items!

Last Updated: December 02, 2024
  • Akamai Wins Bankruptcy Court Approval for Edgio Asset Acquisition
    • šŸš€ Akamai Technologies just got the green light from the bankruptcy courts to snag the assets of Edgio, a move that could supercharge their cloud capabilities. This acquisition is set to broaden Akamai's reach in the CDN space, making digital experiences smoother for their clients.
    • šŸ” Keep an eye on how this acquisition shakes up the competitive landscapeā€”Akamai might be gearing up to push rivals out of the spotlight with its new and improved CDN arsenal.
    • šŸ’¼ This strategic leap could signify an important shift for Akamaiā€™s stock trajectory, signaling a potential opportunity or challenge for investors and traders on the lookout for market ripples.
  • Akamai Technologies: Latest Analyst Insights
    • šŸ“‰ Akamai Technologies slipped on EPS expectations, delivering $1.43 per share instead of the anticipated $1.45. A close miss, but worth noting!
    • šŸ“ˆ On the brighter side, revenue soared past predictions with a hefty $967 million, topping the consensus of $949.5 million. That's a nice surprise for the bulls!
    • šŸ¤” The mixed earnings report may prompt investors to recalibrate their strategies, as the tug-of-war between earnings and revenue could sway Akamai's stock price. Keep a watchful eye!

Real-time price chart of AKAM stock

Stay up-to-date with the latest performance of Akamai Technologies, (AKAM) through our real-time stock chart, providing live insights into its market movements

AKAM stock valuation - less noise, just the highlights

  • Akamai Technologies valuation is attractive based on its Forward Price-to-Earnings (Fwd P/E) ratio of 14.29, signaling that the stock is anticipated to trade at a lower earnings multiple in the near future compared to the current P/E ratio, suggesting potential growth and financial health in upcoming periods.
  • Investors looking at AKAM valuation should note its reasonable Price-to-Earnings Growth (PEG) ratio of 3.09, which indicates that while the stock might appear to have a high P/E ratio, its earnings growth rate could justify this valuation, making Akamai Technologies a compelling buy for growth-oriented investors.
  • The Price-to-Sales (P/S) ratio of 3.57 for AKAM highlights a potentially undervalued opportunity in the context of its stable sales performance over the past five years, suggesting that the market may not fully appreciate the revenue-generating capabilities of Akamai Technologies.

Stay informed with the latest AKAM stock analyst recommendations:

  • The recent trend in AKAM analyst recommendations shows a positive shift, with multiple upgrades in 2024, including from major institutions like HSBC Securities and Guggenheim, both moving to a 'Buy' rating, reflecting increased confidence in Akamai Technologies' future performance. Such upgrades are crucial indicators of improved market sentiment, potentially driving stock price appreciation.
  • Analyzing changes in price targets can provide significant insight; for example, Craig Hallum has increased its price target from $110 to $125 alongside upgrading its rating to 'Buy'. This reflects a stronger confidence in AKAM's growth prospects and may guide investors in setting more informed entry or exit points based on the expected valuation.
  • Despite some past downgrades, including RBC and HSBC downgrading in early 2023, the subsequent series of upgrades and initiations at higher ratings suggest a strategic turnaround or better-than-expected performance, making it essential for investors to re-evaluate Akamai Technologies in light of these new analyst recommendations.

Stay updated on AKAM stock insider trading with these key points:

  • Frequent option exercises: There is a recurring pattern of option exercises by key executives, including the Chief Accounting Officer, the Chief Financial Officer, and other senior VPs across various dates throughout 2024. While option exercises are common and may not directly correlate with buy/sell signals, the lack of subsequent stock sales can indicate optimism among insiders about the companyā€™s stock price stability. Investors may view these actions as a neutral signal, where the lack of selling post-exercise suggests confidence in retaining stock holdings.
  • Continuous sales by executives: In contrast, there have been significant sales by key executives, such as Robert Blumofe, the Chief Technology Officer, and Paul C. Joseph, the EVP of Global Sales. Multiple sales from senior roles in technology and sales, especially during months like August and November, might suggest a lack of confidence or a need to diversify their portfolios. Persistent selling by execs can be a sell signal for traders wary of potential downturns.
  • The CEO's buying activity: One notable insider trade is the purchase by Akamai's CEO, Leighton F. Thomson, on May 14, 2024, where he bought 22,000 shares at a price of $92.68 per share. This large acquisition signals confidence in the company's future growth and could be a positive buy signal for investors, as a CEO purchasing shares often indicates a belief that the stock is undervalued.

AKAM technical analysis

Unlock insights to make smarter investment decisions with this real-time technical analysis tool. Dive in to see the latest buy and sell signals tailored for today's dynamic market. Get the market's inside scoop in a flash! Peek at our fun and user-friendly ratings to see what it is whispering about your AKAM stock, within various timeframes.

Join the Discussion: What's your outlook on AKAM stock's performance?

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Please note that this content regarding AKAM stock is for informational purposes only, includes opinions and not recommendations, and is not intended as investment or trading advice; invest in and/or trade AKAM at your own risk only.

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