NEW YORK (
) is trading at unusually high volume Thursday with 19.5 million shares changing hands. It is currently at four times its average daily volume and trading up $4.85 (+18.2%) at $31.52 as of 2:40 p.m. ET.
Akamai has a market cap of $4.96 billion and is part of the
industry. Shares are down 43.3% year to date as of the close of trading on Wednesday.
Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. The company has a P/E ratio of 27.4, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Akamai as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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