Trade-Ideas LLC identified

Akamai Technologies

(

AKAM

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Akamai Technologies as such a stock due to the following factors:

  • AKAM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $97.2 million.
  • AKAM traded 165,014 shares today in the pre-market hours as of 8:14 AM, representing 10.3% of its average daily volume.

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More details on AKAM:

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing online content and business applications in the United States and internationally. AKAM has a PE ratio of 4. Currently there are 14 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Akamai Technologies has been 1.8 million shares per day over the past 30 days. Akamai has a market cap of $13.2 billion and is part of the technology sector and internet industry. The stock has a beta of 1.58 and a short float of 3.2% with 3.46 days to cover. Shares are up 17.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant 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, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • AKAM's revenue growth has slightly outpaced the industry average of 10.2%. Since the same quarter one year prior, revenues rose by 13.6%. 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.
  • Although AKAM's debt-to-equity ratio of 0.20 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 2.83, which clearly demonstrates the ability to cover short-term cash needs.
  • Net operating cash flow has increased to $264.02 million or 31.86% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -1.88%.
  • Compared to its closing price of one year ago, AKAM's share price has jumped by 34.43%, exceeding the performance of the broader market during that same time frame. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.

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