Akamai Technologies (Nasdaq:AKAM) hit a new 52-week high Wednesday as it is currently trading at $40.51, above its previous 52-week high of $40.32 with 2.9 million shares traded as of 2:45 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.
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. NEW YORK ( TheStreet) -- Akamai Technologies (Nasdaq: AKAM) hit a new 52-week high Wednesday as it is currently trading at $40.51, above its previous 52-week high of $40.32 with 2.9 million shares traded as of 2:45 p.m. ET. Average volume has been 2.5 million shares over the past 30 days. Akamai has a market cap of $6.96 billion and is part of the technology sector and internet industry. Shares are up 21.4% year to date as of the close of trading on Tuesday. Akamai Technologies, Inc. provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally. The company has a P/E ratio of 36.3, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Akamai as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Akamai Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.