Akamai Technologies ( AKAM) pushed the Internet industry lower today making it today's featured Internet loser. The industry as a whole closed the day down 0.1%. By the end of trading, Akamai Technologies fell 58 cents (-1.8%) to $32.60 on heavy volume. Throughout the day, 5.6 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in price between $32.20-$33.05 after having opened the day at $32.86 as compared to the previous trading day's close of $33.18. Other company's within the Internet industry that declined today were: Groupon ( GRPN), down 10.6%, Sohu.com ( SOHU), down 7.5%, LookSmart ( LOOK), down 7.1%, and Quepasa Corporation ( QPSA), down 5.8%. Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. Akamai Technologies has a market cap of $5.94 billion and is part of the technology sector. Currently there are nine analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 11 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, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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