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

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 1.6%. By the end of trading, Akamai Technologies rose $0.98 (2.2%) to $44.50 on light volume. Throughout the day, 1,830,273 shares of Akamai Technologies exchanged hands as compared to its average daily volume of 2,578,200 shares. The stock ranged in a price between $43.72-$44.61 after having opened the day at $43.91 as compared to the previous trading day's close of $43.52. Other companies within the Internet industry that increased today were: Friendfinder Networks ( FFN), up 7.7%, MeetMe ( MEET), up 7.1%, China Finance Online ( JRJC), up 6.8% and Tremor Video ( TRMR), up 6.0%.

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 $7.7 billion and is part of the technology sector. Shares are up 6.4% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Akamai Technologies a buy, no analysts rate it a sell, and 7 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Angie's List ( ANGI), down 3.5%, TripAdvisor ( TRIP), down 2.4%, Groupon ( GRPN), down 2.0% and Remark Media ( MARK), down 1.8%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Resist All the Dow 22K Hoopla: Cramer's 'Mad Money' Recap (Wednesday 8/2/17)

Chevron, Universal Display, Dynavax Technologies, Schlumberger: 'Mad Money' Lightning Round

Apple Fails to Squash Lawsuit Alleging It Disabled FaceTime on Older iPhones

Akamai Technologies Stock Crumbles on Weak Current Quarter Guidance

Netflix Sees Stream of Analysts Jump Into $200 Price Target Boat