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Akamai Technologies Inc. (AKAM): Today's Featured Internet Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Akamai Technologies ( AKAM) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Akamai Technologies fell $0.77 (-1.7%) to $44.45 on average volume. Throughout the day, 2,667,804 shares of Akamai Technologies exchanged hands as compared to its average daily volume of 2,090,700 shares. The stock ranged in price between $44.25-$45.04 after having opened the day at $45.00 as compared to the previous trading day's close of $45.22. Other companies within the Internet industry that declined today were: Net Element International ( NETE), down 5.0%, Tucows ( TCX), down 4.3%, ChinaCache International Holdings ( CCIH), down 3.4% and Renren ( RENN), down 2.9%.

Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $8.1 billion and is part of the technology sector. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.8% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates Akamai Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Taomee Holdings ( TAOM), up 10.0%, Bitauto Holdings ( BITA), up 7.0%, Autobytel ( ABTL), up 6.4% and Yandex ( YNDX), up 5.1% , were all gainers within the internet industry with Google ( GOOG) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

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