Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.5%. By the end of trading, Akamai Technologies rose 68 cents (2%) to $35.08 on light volume. Throughout the day, 2.6 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3.9 million shares. The stock ranged in a price between $34.54-$35.15 after having opened the day at $34.61 as compared to the previous trading day's close of $34.40. Other companies within the Internet industry that increased today were:
), up 11.1%,
), up 5.7%,
), up 5.6%, and
), up 5.5%.
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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 $6.19 billion and is part of the technology sector. The company has a P/E ratio of 31.1, above the S&P 500 P/E ratio of 17.7. Shares are down 15.9% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Akamai Technologies as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Akamai Ratings Report.
On the negative front,
), down 4.2%,
), down 3.8%,
), down 3.1%, and
), down 3%, were all laggards within the internet industry with
) being today's internet industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
) while those bearish on the internet industry could consider
- Find other investment ideas from our top rated ETFs lists.
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