It Seems Akamai Technologies, Inc. Will Go Down. Had Bearish Options Activity

 It Seems Akamai Technologies, Inc. Will Go Down. Had Bearish Options Activity

In today’s session Akamai Technologies, Inc. (AKAM) recorded an unusually high (401) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2017 put, expecting serious AKAM decrease. With 401 contracts traded and 1194 open interest for the May, 17 contract, it seems this is a quite bearish bet. The option with symbol: AKAM170519P00057500 closed last at: $2.46 or 0.4% up. About 501,654 shares traded hands. Akamai Technologies, Inc. (NASDAQ:AKAM) has risen 31.04% since April 25, 2016 and is uptrending. It has outperformed by 25.03% the S&P500.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on February, 14. They expect $0.53 EPS, down 3.64% or $0.02 from last year’s $0.55 per share. AKAM’s profit will be $92.48 million for 31.25 P/E if the $0.53 EPS becomes a reality. After $0.51 actual EPS reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts 3.92% EPS growth.

Akamai Technologies, Inc. (NASDAQ:AKAM) Ratings Coverage

Out of 21 analysts covering Akamai Tech (NASDAQ:AKAM), 9 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 43% are positive. Akamai Tech has been the topic of 36 analyst reports since July 29, 2015 according to StockzIntelligence Inc. JMP Securities upgraded the shares of AKAM in a report on Friday, August 28 to “Market Outperform” rating. Goldman Sachs maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Wednesday, July 27. Goldman Sachs has “Sell” rating and $47 price target. The firm earned “Neutral” rating on Wednesday, February 10 by Credit Suisse. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Hold” rating by Craig Hallum on Wednesday, April 27. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) has “Buy” rating given on Thursday, July 30 by M Partners. The company was maintained on Wednesday, July 29 by Canaccord Genuity. As per Tuesday, November 3, the company rating was maintained by Macquarie Research. Robert W. Baird maintained Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, April 27 with “Outperform” rating. The stock has “Buy” rating given by UBS on Wednesday, January 6. The firm earned “Underperform” rating on Thursday, April 28 by FBR Capital.

According to Zacks Investment Research, “Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.”

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.02, from 1.05 in 2016Q1. The ratio is positive, as 57 funds sold all Akamai Technologies, Inc. shares owned while 140 reduced positions. 41 funds bought stakes while 166 increased positions. They now own 144.96 million shares or 5.77% less from 153.83 million shares in 2016Q1.
Advisory Ltd Liability Corporation has 0.02% invested in the company for 1,825 shares. The Rhode Island-based Parsons Ri has invested 0.04% in Akamai Technologies, Inc. (NASDAQ:AKAM). State Teachers Retirement System owns 301,336 shares or 0.04% of their US portfolio. Blair William Communications Il reported 354,675 shares or 0.18% of all its holdings. Point72 Asset Mngmt Ltd Partnership holds 0.03% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 78,400 shares. Bnp Paribas Arbitrage Sa has invested 0.02% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Principal Financial Group accumulated 0.02% or 266,862 shares. Mitsubishi Ufj Secs Holding Limited accumulated 0.03% or 260 shares. Mizuho Tru And Bk Ltd accumulated 0.05% or 275,611 shares. Fiduciary Tru last reported 0.03% of its portfolio in the stock. Moreover, Deere And has 0.02% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 7,900 shares. Torray Llc has invested 1.89% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM). Mathes Co has 0.12% invested in the company for 3,600 shares. Norinchukin Retail Bank The holds 0.01% or 9,210 shares in its portfolio. Morgan Stanley owns 466,599 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 2, 2016, the stock had 5 insider buys, and 16 selling transactions for $4.87 million net activity. HARATUNIAN MELANIE had sold 20,875 shares worth $1.12 million. The insider Gemmell James sold $126,700. Shares for $999,697 were bought by LEIGHTON F THOMSON on Monday, October 17. 12,899 shares with value of $747,903 were sold by MCCONNELL RICK M on Friday, October 21. Blumofe Robert sold $101,120 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) on Monday, August 1. The insider SAGAN PAUL sold 23,255 shares worth $1.22M. On Thursday, June 2 the insider SELIGMAN NAOMI O sold $93,485.

Akamai Technologies, Inc. is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The company has a market cap of $11.56 billion. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It has a 37.56 P/E ratio. It is involved in offering content delivery network services.

AKAM Company Profile

Akamai Technologies, Inc., incorporated on August 20, 1998, is engaged in providing cloud services for delivering, optimizing and securing content and business applications over the Internet. The Company’s across the globe distributed platform comprises approximately 200,000 servers in over 1,400 networks in over 120 countries. It is involved in offering content delivery network (CDN) services. The Company’s services include the delivery of content, applications and software over the Internet, as well as mobile and security solutions, and enterprise professional services. The Company’s solutions include Performance and Security Solutions, Media Delivery Solutions, and Service and Support Solutions. Performance and Security Solutions are designed to help Websites and business applications operate while offering protection against security threats. Media Delivery Solutions are designed to enable enterprises to execute their digital media distribution strategies. Service and Support Solutions offer professional services and solutions.

More important recent Akamai Technologies, Inc. (NASDAQ:AKAM) news were published by: Fool.com which released: “Why Akamai Technologies, Inc. Gained 31% in October” on November 07, 2016, also Prnewswire.com published article titled: “Akamai Unveils Plans For New Cambridge Headquarters”, Prnewswire.com published: “Akamai Announces CMAF Support for Transcoding Services” on November 16, 2016. More interesting news about Akamai Technologies, Inc. (NASDAQ:AKAM) was released by: Prnewswire.com and their article: “U.S. Presidential Election Is Largest News Event Delivered by Akamai” with publication date: November 09, 2016.

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