Akamai Technologies Inc. (AKAM): Today's Featured Technology Winner

Akamai Technologies ( AKAM) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.8%. By the end of trading, Akamai Technologies rose $1.36 (3.8%) to $36.80 on heavy volume. Throughout the day, 5.1 million shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $35.50-$37.38 after having opened the day at $35.50 as compared to the previous trading day's close of $35.44. Other companies within the Technology sector that increased today were: Kingtone Wirelessinfo Solution ( KONE), up 30.9%, Wave Systems Corporation ( WAVX), up 29.3%, Alpha & Omega Semiconductor ( AOSL), up 18.7%, and Dynasil Corporation of America ( DYSL), up 18.3%.

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 $6.49 billion and is part of the internet industry. The company has a P/E ratio of 34.7, below the average internet industry P/E ratio of 34.8 and above the S&P 500 P/E ratio of 17.7. Shares are up 11.4% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and nine 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 robust 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 sub par growth in net income.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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