Akamai Technologies Inc. (AKAM ) 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.
Investor sentiment as measured by the Motley Fool CAPS members is extremely high with members voting 2833 to 107 that the stock will beat the market. The more experienced All Stars agree with a vote of 867 to 20. The columnist Fool follows are positive in their articles by 17 to 0.
Wall Street analysts like the double D's on this stock -- that's double digit projections of increases in sales and earnings. They estimate that sales will increase 16.20% this year and 13.70% next year. Earnings are projected to increase by 12.20% next year and continue by 12.88% annually for the next 5 tears.
Barchart has a 96% technical buy score with 12 of the 13 indicators signaling a buy. The stock has appreciated 19.27% last month by hitting 8 new highs in the last 20 trading sessions and 2 new highs in the last 5 days. The stock trades around 39.64 with a 50 day moving average of 34.01.
I like AKAM because:
- Barchart has a 96% technical buy signal with recent price momentum
- Extremely high investor sentiment
- Wall Street predicting double digit increases in sales and earnings.
Jim Van Meerten is an investor who blogs on investing on Financial Tides and
Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: No positions in AKAM at the time of publication.
Other articles about AKAM:
- A Big Upgrade for Internap Network Services by Dave Mock on Motley Fools
- AKAM Technologies: One of the Hottest Stocks on Wall Street by Wall Street Cheat Sheet on Seeking Alpha
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