In a report released today, Ivan Feinseth from Tigress Financial reiterated a Buy rating on Akamai (AKAM). The company’s shares opened today at $73.19.
According to TipRanks.com, Feinseth is a top 100 analyst with an average return of 16.9% and a 71.5% success rate. Feinseth covers the Services sector, focusing on stocks such as Wal-Mart Stores Inc, Southwest Airlines, and Starbucks Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Akamai with a $79.77 average price target.
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Akamai’s market cap is currently $11.85B and has a P/E ratio of 41.09. The company has a Price to Book ratio of 3.71.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Last month, Monte Ford, a Director at AKAM sold 24,721 shares for a total of $1,790,048.
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. See which 3 stocks are most likely to make moves following their insider activities.
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions.
