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Akamai Technologies, Inc. (AKAM) provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally.
The company offers Web and mobile performance solutions, such as Ion, a situational performance solution that consists of an integrated suite of Web delivery, acceleration, and optimization technologies; Dynamic Site Accelerator that helps in consistent Website performance; IP Application Accelerator to enable enterprises to deliver Internet Protocol-based applications; Global Traffic Management, a fault-tolerant solution; Image Manager that automatically optimizes online images; and Cloudlets, which provides self-serviceable controls and capabilities.
It also provides cloud security solutions, including Kona Site Defender, Bot Manager, Fast Domain Name System, Prolexic Routed, and Client Reputation; enterprise solutions comprising Enterprise Application Access and Akamai Cloud Connect. In addition, the company offers media delivery solutions, such as adaptive delivery solutions, download delivery solutions, media delivery acceleration solutions, media services, media analytics, and NetStorage, a cloud storage solution.
Further, it provides network operator solutions, including Aura Licensed CDN suite of solutions, Aura Managed CDN solutions, and Intelligent DNS Solutions; and professional services and solutions. It sells its solutions through direct sales and service organization; and through active channels.
Shares have formed a bullish "cup and handle" and are on the cusp of breaing out of this formation. The formation is supported by the stock's 50-day moving average (shown in brown). Higher share prices are expected for this stock.
Entry Point: $79.50
Stop Loss: $75.50
52-Weeks Trading Range: $44.65 to $79.41
Target Price: $87.45
AKAM closed at $70.55
