Oppenheimer Holdings analyst T. Horan now anticipates that the firm will post earnings of $0.47 per share for the quarter, down from their prior estimate of $0.56.
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Following the report, analysts at Pacific Crest lowered their rating on the company to “sector weight” from “overweight” in an analyst note this morning. The highest analyst price target is $75.00, which implies a gain of 52 percent.
Wall Street brokerages following Akamai Technologies, Inc.
07/27/2016 – Akamai Technologies, Inc. had its “overweight” rating reiterated by analysts at Piper Jaffray. Moreover, Magee Thomson Investment Partners Llc has 3.31% invested in the company for 188,600 shares. For the next twelve months, the average of individual price target estimates submitted by covering sell-side analysts is $16.57. This rating has held steady since July, when it was unchanged from a buy rating. Akamai Technologies, Inc. has a 52-week low of 39.43 and a 52-week high of 76.98. The stock has a market capitalization of $8.87 billion and a P/E ratio of 27.76. (NASDAQ:AKAM) are scheduled to release their second quarter earnings for the fiscal year 2016, after the market closes today. The technology infrastructure company reported $0.64 EPS for the quarter, meeting the consensus estimate of $0.64.
Over all, the company earned $73.6 million, or 42 cents a share, compared with a profit of $67.2 million, or 37 cents a share, a year earlier. The stock established a negative trend of -12.66% in last week and indicated fall of -1.27% in previous month. The business’s revenue was up 5.8% on a year-over-year basis. The short interest to Akamai Technologies Incorporated’s float is 6.04%. (NASDAQ:AKAM) by 259.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
“The second quarter was another solid quarter for Akamai, with strong year-over-year earnings growth and cash flow generation”, said Dr. Tom Leighton, Chief Executive Officer. Analyst’s mean target price for SkyPeople Fruit Juice, Inc.
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Learn how you could trade stocks with 91% to 100% success rate by using this revolutionary indicator that predicts when certain stocks are on the move. Also, EVP James Gemmell sold 1,869 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $54.10, for a total value of $93,484.80. Financial Architects Inc now owns 3,755 shares of the technology infrastructure company’s stock valued at $210,000 after buying an additional 3,155 shares during the last quarter. Akamai Managed Delivery Service is meant to provide consumers with capabilities that extend beyond simple analytics and alerting, allowing them to benefit from access to a focused team of experts that offers 24×7 monitoring, issue diagnostics, mitigation, reporting, and optimization assistance.
