First Hawaiian Bank Increases Investment in Akamai Technologies

Akamai Technologies Faces Revenue and Profit Challenges (Consensus "Strong Buy")

First Hawaiian Bank has increased its holdings in Akamai Technologies by 9% in the fourth quarter, according to a filing with the Securities and Exchange Commission. The fund purchased an additional 1,795 shares, bringing its total holdings to 21,770 shares worth $1.8m. Several other hedge funds and institutional investors have also added to their positions in Akamai Technologies (NSD:AKAM) in recent months. Despite mixed reviews from analysts, the technology infrastructure company reported $1.37 earnings per share for the fourth quarter, beating estimates by $0.11. The company had a net margin of 13.15% and a return on equity of 15.12%.

Akamai Technologies provides content delivery network (CDN) services, cloud security solutions, and web and mobile performance solutions to businesses and organizations worldwide. The company’s services help to deliver content and applications over the internet quickly, reliably, and securely. Akamai has been expanding its cloud security offerings in recent years, helping businesses to protect their websites, applications, and infrastructure from cyberattacks. In addition, the company has been investing in edge computing, which involves processing data and running applications closer to the devices and sensors that generate the data, enabling faster and more efficient processing. The growing adoption of edge computing is expected to provide Akamai with new growth opportunities in the coming years.

Akamai Technologies Stock Analysis

According to 15 analysts’ stock forecasts, the average target price for Akamai Technologies Inc in the next 12 months is USD 96.37, with an average Buy rating. Stock Target Advisor’s analysis also suggests a Slightly Bullish stance based on 9 positive signals and 4 negative signals. Currently, the stock price of Akamai Technologies Inc is USD 75.70, reflecting a +5.39% change over the past week, a -0.92% change over the past month, and a -34.73% change over the last year.

AKAM Ratings by Stock Target Advisor

Company Overview

Akamai Technologies, Inc. actively provides a range of cloud services to customers in the United States and globally. Its offerings include secure and reliable cloud solutions that safeguard infrastructure, websites, applications, APIs, and users from cyberattacks and other online threats, while also improving performance. Additionally, the company offers web and mobile performance solutions that enable dynamic websites and applications, media delivery solutions such as video streaming and player services, and cloud computing services such as compute, storage, networking, database, and container management services. Its headquarters are located in Cambridge, Massachusetts, and its address is 145 Broadway, Cambridge, MA, United States, 02142.

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