Akamai Technologies (AKAM) has seen its price target lowered by Citigroup to $102.00, even as Boston Common Asset Management has reduced its own holdings. The company has scheduled its Q4 and Full-Year 2024 earnings call for February 20. Analysts have mixed sentiments regarding the stockβs performance, with some stating it outperforms the broader market despite the recent slide. Insiders have also sold their shares at a high rate, with an EVP selling 4,000 shares. The companyβs Q3 earnings matched estimates. The company's long-term narrative for
improved delivery is causing unease with investors, speculating its driving down the stock price. Furthermore, the company's
3.2% CAGR for the past five years has outpaced its earnings growth. Despite previously holding firm footing within the cybersecurity sector, recent developments point to some investors and market experts questioning its
undervalued status. It demonstrates
strong security and
compute qualities, following the acquisition of certain Edgio assets. Despite the ongoing
sale of stock by insiders and lagging behind the market, many view Akamai Technologies as a
strong growth stock. The company recently established
ISO 14001 certification emphasizing its commitment to high environmental management standards. Negative performance has been slotted to
client cutbacks facing the upcoming quarter. The company shows potential for
revenue growth, thought this remains reliant on successful delivery of their
new cloud platform and other
partnerships like with Avesha.
Akamai Technologies AKAM News Analytics from Tue, 07 May 2024 07:00:00 GMT to Sat, 18 Jan 2025 18:52:46 GMT -
Rating -2
- Innovation 3
- Information 6
- Rumor -2
