Akamai Technologies, a market leader in digital security and content delivery platforms, has been outpacing the stock market. Reports indicate a consensus rating of 'Moderate Buy' from brokerages, and Piper Sandler also listed the enterprise as a top stock with improving technical ratings.
ISO 14001 Attestation was given to Akamai, highlighting its high standards for environmental management. The company has seen stock returns of
10% over the past five years, with investors and Sanctuary Advisors purchasing significant shares. In addition to robust Q2 earnings, AKAM's fiscal 2026 earnings are expected to hit
$4.99 per share. The enterprise has seen an increase in
DDoS attacks due to geopolitical tensions. However, they have positioned themselves as a top-ranked momentum and strong value stock. Further, with a recently completed acquisition of API security company Noname and an impending third-quarter 2024 investor conference call, the evident momentum continues. Despite this, there have been notable insider sells, leading to potential market hesitancy. Akamai Technologies currently focuses deeply on API security, with diversification strength expected to offset short-term weaknesses. Future forecasts suggest strong revenue boosts driven by cybersecurity demand.
Akamai Technologies AKAM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 08:18:28 GMT -
Rating 6
- Innovation 8
- Information 9
- Rumor -3
