Akamai Tech (AKAM - Free Report) is a Zacks Rank #5 (Strong Sell) and it is the Bear of the Day today. Let's take a look at why this stock has the weakest Zacks Rank and if it is still a good stock to invest in.
Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.
I have been at Zacks for about six years now. I have looked at literally thousands of stocks and their earnings estimate revision history. I have never seen a stock that had 10 negative revisions to this quarter, this year and next year.
That is not something that I want to see from a stock.
Despite all those negative revisions, the earnings history remains intact. The last four reports were all beats, but just beating is not really good enough. The beats point to a management team that can effectively communicate with Wall Street so that expectations at the time of the report are never too high.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>