Back to top

Image: Bigstock

Akamai Technologies (AKAM) Soars: Stock Adds 13.7% in Session

Read MoreHide Full Article

Akamai Technologies, Inc. (AKAM - Free Report) was a big mover last session, as the company saw its shares rise more than 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 18.6% in the past one-month time frame.

The move came after an activist hedge fund Elliot Management had acquired a 6.5% stake in the company, and said that it would involve with the matters regarding various strategic opportunities in a bid to maximize the shareholders’ value.

The company has not seen any estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Akamai currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Investors interested in the Internet - Services industry may consider Leaf Group Ltd. , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is AKAM going up? Or down? Predict to see what others think: Up or Down

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

Download it free >>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Akamai Technologies, Inc. (AKAM) - free report >>