
Akamai Technologies Inc. (AKAM): Today's Featured Internet Loser
(
) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day down 0.9%. By the end of trading, Akamai Technologies Inc fell 26 cents (-0.9%) to $27.07 on light volume. Throughout the day, 3.1 million shares of Akamai Technologies Inc exchanged hands as compared to its average daily volume of 4.7 million shares. The stock ranged in price between $26.88-$27.94 after having opened the day at $27.31 as compared to the previous trading day's close of $27.33. Other company's within the Internet industry that declined today were:
(
), down 14.9%,
(
), down 12.2%,
(
), down 11.2%, and
(
), down 7.1%.
Akamai Technologies, Inc. provides services for accelerating and improving the delivery of content and applications over the Internet in the United States and internationally. Akamai Technologies Inc has a market cap of $5.02 billion and is part of the
sector. The company has a P/E ratio of 27.7, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 41.9% year to date as of the close of trading on Monday.
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 and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself.
- You can view the full Akamai Ratings Report.
On the positive front,
(
), up 16.1%,
(
), up 5.9%,
(
), up 5.6%, and
(
), up 5.2%, were all gainers within the internet industry with
(
) being today's featured internet industry winner.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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