Akamai Technologies (AKAM, Financial) recently saw a significant stock price movement, with shares dropping 0.90% to $99.98. The trading volume reached approximately 626,602 shares, reflecting a turnover rate of 0.42% and a price fluctuation of 1.73%.
According to recent financial reports, Akamai's revenue was $1.005 billion, with a net profit of $57.91 million, resulting in earnings per share of $0.38. The company's gross profit stood at $555 million, and it has a price-to-earnings ratio of 29.59.
In terms of analyst ratings, out of 26 institutions, 73% recommend buying, 23% suggest holding, and 4% advise selling the stock. Within the software services sector, where Akamai operates, the overall growth was 0.16%. Other notable stocks in the sector included Digital Turbine, Inc., Society Pass Incorporated, and Tuya Inc., which saw significant increases. Digital Turbine, Inc. also had a high turnover rate of 554.77%, reflecting substantial trading activity.
Akamai is known for operating a content delivery network (CDN) that positions servers at the network's edge to enable faster, more secure, and higher-quality content delivery for its clients. The company boasts over 325,000 servers across more than 4,100 locations in over 1,000 cities worldwide. Additionally, Akamai provides security and cloud computing services, which have expanded beyond its traditional CDN business.
