TipRanksStock Market NewsAKAM NewsRobert W. Baird Keeps Their Hold Rating on Akamai (AKAM)

Robert W. Baird Keeps Their Hold Rating on Akamai (AKAM)

Robert W. Baird analyst Research Report) yesterday and set a price target of $95.00. The company’s shares closed yesterday at $95.99.

Power covers the Technology sector, focusing on stocks such as 8X8, Akamai, and Amdocs. According to TipRanks, Power has an average return of 16.6% and a 56.42% success rate on recommended stocks.

Currently, the analyst consensus on Akamai is a Moderate Buy with an average price target of $118.67, implying a 23.63% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $98.00 price target.

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Based on Akamai’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $903.65 million and a net profit of $119.16 million. In comparison, last year the company earned a revenue of $842.71 million and had a net profit of $155.7 million

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AKAM in relation to earlier this year.

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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. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure. The company was founded by Frank Thomson Leighton, Jonathan Seelig, Randall S. Kaplan, and Daniel Mark Lewin on August 20, 1998 and is headquartered in Cambridge, MA.

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