Akamai Reaches New 52-Week High (AKAM)

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 Thursday as it is currently trading at $45.83, above its previous 52-week high of $45.82 with 1.4 million shares traded as of 2:20 p.m. ET. Average volume has been four million shares over the past 30 days.

Akamai has a market cap of $8.06 billion and is part of the technology sector and internet industry. Shares are up 10.4% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 35.6, 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, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Akamai Ratings Report.

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