AKAM (Akamai Technologies) experienced a significant price drop of 1.56%. The stock was trading at $99.99 per share, with a trading volume of 1.62 million shares and a turnover rate of 1.07%. The price fluctuation for the stock was 1.59%.
Recent financial results show that Akamai Technologies generated revenue of $980 million, with a net profit of $132 million, resulting in earnings per share (EPS) of $0.86. The company achieved a gross profit of $539 million, and its price-to-earnings (P/E) ratio stands at 24.82.
Regarding analysts' ratings, out of 25 institutions, 60% recommend buying, 36% suggest holding, and 4% advise selling the stock.
The software services sector, where AKAM operates, experienced an overall decline of 0.39%. Among related stocks, Surgepays Inc C/Wts 22/10/2024 (To Pur Com) and Alpha Technology Group Limited saw significant gains, while Microalgo, Inc., Alpha Technology Group Limited, and Freight Technologies, Inc. were notably active with turnover rates of 215.56%, 40.39%, and 29.90%, respectively.
Volatility was prominent in Surgepays Inc C/Wts 22/10/2024 (To Pur Com) with a fluctuation of 1322.45%, followed by Alpha Technology Group Limited at 81.61%, and Helport Ai Ltd C/Wts Exp 31/03/2029(To Pur Com) at 41.61%.
Akamai Technologies operates a content delivery network (CDN) that strategically positions servers at the network's edge to ensure faster, safer, and higher-quality content delivery for its customers. The company owns over 325,000 servers across more than 4,100 sites in 1,000+ cities around the globe. Akamai also provides security and cloud computing services, which have grown to surpass its traditional CDN business.
