Akamai Technologies Inc. (AKAM) Dips 3.43% for December 07

Equities Staff  |

Among the S&P 500’s biggest fallers on Friday December 07 was Akamai Technologies Inc. (AKAM). The stock experienced a 3.43% decline to $66.65 with 2.08 million shares changing hands.

Akamai Technologies Inc. started at an opening price of 68.94 and hit a high of $69.18 and a low of $66.16. Ultimately, the stock took a hit and finished the day at $2.37 per share. Akamai Technologies Inc. trades an average of n/a shares a day out of a total 162.87 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Akamai Technologies Inc. hit a high of $83.08 and a low of $55.51 over the last year.

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 200,000 servers distributed over thousands of points of presence within over 1,700 networks across 130 countries. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core web and media businesses to protect its customers from cyber threats.

With its headquarters located in Cambridge, MA, Akamai Technologies Inc. employs 7,650 people. After today’s trading, the company’s market cap has fallen to $10.86 billionAs for its value, has a P/E ratio of <51.9, a P/S of 4.22, a P/B of 3.44, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Akamai Technologies Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: AKAM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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