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

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

Akamai Technologies ( AKAM) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.1%. By the end of trading, Akamai Technologies rose $0.56 (1.2%) to $47.49 on light volume. Throughout the day, 2,101,875 shares of Akamai Technologies exchanged hands as compared to its average daily volume of 3,597,900 shares. The stock ranged in a price between $47.08-$47.75 after having opened the day at $47.45 as compared to the previous trading day's close of $46.93. Other companies within the Internet industry that increased today were: Internet Initiative Japan ( IIJI), up 7.5%, Net Element International ( NETE), up 5.8%, China Finance Online ( JRJC), up 4.5% and Points International ( PCOM), up 4.4%.
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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. Akamai Technologies has a market cap of $8.5 billion and is part of the technology sector. The company has a P/E ratio of 37.8, above the S&P 500 P/E ratio of 17.7. Shares are up 17.4% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 6 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 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, LookSmart ( LOOK), down 10.8%, Youku Tudou ( YOKU), down 9.4%, Friendfinder Networks ( FFN), down 5.5% and ChinaCache International Holdings ( CCIH), down 5.1%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

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