Akamai Technologies Inc. Stock Buy Recommendation Reiterated (AKAM)
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- Compared to its closing price of one year ago, AKAM's share price has jumped by 77.18%, exceeding the performance of the broader market during that same time frame. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- AKAM's revenue growth trails the industry average of 36.1%. Since the same quarter one year prior, revenues rose by 19.6%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- AKAM has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.24, which clearly demonstrates the ability to cover short-term cash needs.
- Net operating cash flow has increased to $149.55 million or 33.71% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 21.51%.
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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