Akamai Technologies, Inc. (NASDAQ:AKAM) Has 70 Percent Upside Potential

Akamai Technologies, Inc. (NASDAQ:AKAM) shares traded -15.52% during the most recent session the stock exchanged hands 15.06M shares versus average trading capacity of 2.13M shares, yielding a market cap of $9.28B. Wall Street analysts covering the stock are projecting that the stock will reach $63.90 within the next 52-weeks. The mean target projections are based on 20 opinions, the mean target was last revised on 05/01/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Akamai Technologies, Inc. (NASDAQ:AKAM) high price target of $90.00 and with a conservative view have low price target of $51.00 with a standard deviation of $9.96. If seeing target price from optimistic overview then it has a 70 percent upside potential from the latest closing price of $52.80.

Akamai Technologies, Inc. (NASDAQ:AKAM) “Reiterated” by RBC Capital Mkts in a research note issued to investors on May-03-17 as Sector Perform from $65 to $58.

Additionally on May-03-17 Akamai Technologies, Inc. (NASDAQ:AKAM) was “Downgraded” by Wells Fargo from Outperform to Market Perform and on May-03-17 the stock was “Downgraded” by SunTrust from Buy to Hold. Furthermore on May-03-17 the stock was “Downgrade” by DA Davidson from Buy to Neutral at $57.

On the other hand the company has Relative Strength Index (RSI 14) of 28.72 along with Average True Range (ATR 14) of 1.87, Consequently Akamai Technologies, Inc. (NASDAQ:AKAM) weekly and monthly volatility is 2.94%, 1.75% respectively. The company’s beta value is at 0.80.

In terms of Buy, Sell or Hold recommendations, Akamai Technologies, Inc. (NASDAQ:AKAM) has analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Akamai Technologies, Inc. (NASDAQ:AKAM) will report earnings of $0.61 for the current quarter, however the company’s high EPS estimates are $0.63 and low estimates are $0.56. However the company reported $0.64 earnings per share for the same quarter during last year.

Previously Akamai Technologies, Inc. (NASDAQ:AKAM) reported $0.53 earnings per share (EPS) for the quarter on 5/2/2017 After Market Close, beating the consensus estimate of $0.52 by $0.01. The company posted an earnings surprise of 1.92%.

While considering growth estimates of the company, it has next quarter growth estimates of -10.30% whereas during current quarter it has -4.70% estimations over growth, comparing to the estimations of -4.40% during current year and 10.90% for next year. Past 5 years growth of Akamai Technologies, Inc. (NASDAQ:AKAM) observed at 11.44%, looking forward for the next 5 years it has a strong prediction of 13.34% over growth.

Akamai Technologies, Inc. (NASDAQ:AKAM) revenue estimates for the current quarter are $604.9M according to 22 number of analysts, for the current quarter the company has high revenue estimates of $608.12M in contradiction of low revenue estimates of $600M. For the current year the company’s revenue estimates are $2.5B compared to low analyst estimates of $2.42B and high estimates of $2.56B according 25 number of analysts.

Currently Akamai Technologies, Inc. (NASDAQ:AKAM) shares owned by insiders are 0.30%, whereas shares owned by institutional owners are 93.10%. However the six-month change in the insider ownership was recorded -24.38%, as well as three-month change in the institutional ownership was recorded -1.17%.

Akamai Technologies, Inc. (NASDAQ:AKAM) trading -26.30% away from its 52 week high of $71.64 and +10.46% far from the stock’s low point over the past 52 weeks, which was $47.80. The stock hit its 52-week high on 01/11/17, and 52-week low on 07/27/16. The company’s trailing twelve month income is 316.10M dollars.

Akamai Technologies, Inc. (NASDAQ:AKAM) trailing twelve month revenues are $2.34B, whereas its price to sales ratio for the same period is 3.83. Its book value per share for the most recent quarter is $18.60 while its price to book ratio for the same period is 2.84, as for as the company’s cash per share for the most recent quarter is $4.94, however its price to cash per share ratio for the same period is 10.69. The stock has a current PEG ratio of 2.16 where as its trailing twelve month P/E ratio is 29.42.

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