The company has a strong patent portfolio and has essentially eliminated a chief competitor through infringement litigation. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to see the effect. This part was added on experimental basis to...
Company Review: Akamai Technologies Inc. (AKAM)
Company Profile: Akamai Technologies Inc. (obtained via Google Finance)
Akamai Technologies, Inc. (Akamai), incorporated in 1998, provides services for accelerating and improving the delivery of content and applications over the Internet. The Company’s solutions are designed to help businesses, government agencies and other enterprises enhance their revenue streams and reduce costs [...]
3/24 - "We believe fundamentals remains solid for Akamai and expect Q1 results to at least meet our forecasts...we believe traffic delivered on Akamai’s network is up roughly 4.9% sequentially in Q1. This compares favorably to our Q1 revenue growth forecast of 3.1%. In addition, our checks indicate that while pricing continues to decline on a year-over-year basis, the rate seems to have eased in Q4 and Q1, and pricing should be relatively stable on a sequential basis in Q1."
"We believe Akamai’s victory in patent litigation against Limelight could improve the competitive landscape. Beginni...
3/7 - "Analysts like Akamai's broad 1,800-member customer base, including many blue-chip companies. Further, analysts also like the fact that AKAM has continued to deliver material revenue increases and earnings gains, despite expansion/infrastructure investments.
Further, the consensus among analysts is that 28,000-server Akamai will continue to have a competitive advantage in its key business segments for at least the next two years...The risks? Analysts are keeping an eye on Akamai's convertible debt, as well as on technological change in the sector."
3/31 - "Citigroup’s John Reilly Walsh is out pounding the table on the stock today, repeating his Buy rating and advising investor to take advantage of the weakness."
"Walsh contends Akamai’s business remained strong, driven by e-commerce growth and the explosion in demand for online video. He says the stock under $30 in the past has proven to be good buying opportunity."
Apple recently updated their Apple TV to allow for video rentals directly from the Apple TV. Assuming Apple is using Akamai to serve these video streams as they do with their other iTunes Store content, this should provide a nice boost to Akamai as the Apple TV seems to finally be taking off with this newly added ability. I have several friends who have recently purchased Apple TVs and have been renting several movies per week. At ~4GB each for HD Movies, that bandwidth will add up quickly for Akamai.
Akamai is seriously undervalued and competition may be able to compete with them now but the CDN industry is in its infancy and purely based on packet delivery. To remain competitive in the CDN will require a considerable amount of R&D, innovation, and creativity which no CDN except Akamai offers.
I wanted to get this review out before it is no longer the weekend :). Las week I reviewed stocks from the week of January 30, 2006 . Let's take a look at the following week and see how stocks 'picked' during the week of February 6, 2006 worked out!
As I like to point out, this review assumes a 'buy and hold' strategy to investing with equal dollar amounts purchased in each of the stocks reviewed during the particular week and the overall performance calculated as an average of the individual performances. In practice, I employ a very different disciplined portfoli
AKAM is a great growth company, that often trades at a premium multiple. The stock suffered a tumble after reporting earnings in April. It wasn't that the earnings were bad, but that investors had lofty expectations, and punished the stock unfairly when they didn't raise guidance more.
The stock has been undergoing a correction for the last couple of months, but the recent action leads me to believe that the correction is almost over, and the stock is ready to resume its uptrend.
Akamai is about as low as it will get. You might be able to buy a coupld dollars lower over the next couple weeks if you get lucky, but this one is about as low as I think it will go.
We have insider buying going on, more video based websites in the top 100 websites list and those sites are all getting more popular every day.
Limelight is being aggressive in their sales efforts, but Akamai is best IMHO.
Worst case scenario, I think the head back to the mid fifties when people start rolling back into tech later this year.
Please find our reading of the technicals of this chart and many, many others at our public listing at stockcharts.com. You may use the following link to access the same:
AKAM is on top of everything that is and will be Tech and the Web for the next few years. They are heavily involved in software as a service as well as digital media and Video 2.0.
They have appreciated a bit (up over 60% in the past year) but can still run. I like this stock for the long term (2+ years) and would buy on any pull back.
If you have been watching AKAM in the past few days you may have realized it has TANKED. Earnings came out and AKAM met expectations, but investors weren't happy with that and they sold. I can understand part of the original sell off, the expectations of AKAM beating expectations was factored into the price. Now at 44.80 ( The close on Friday April 27th) I must say this stock is over sold. I see this stock rebounding in the next couple of weeks to at least the upper 40s. I wouldn't expect it to hit the 50s any time soon though, it will take a while for people to forget this recent drop.
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About Akamai Technologies Inc
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