๐ŸŽ$AKAM Jumped above 850DMA after Earnings, Follow It's Unusual Option Volume

Trend_Radar
2023-08-10

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1. $Akamai(AKAM)$ Q2 Earnings Beat Estimates on Higher Revenues

$Akamai(AKAM)$ Jumped 8.47% to a 1-year high, ranked the Top 2 gainer of $S&P 500(.SPX)$ will it hold on$100.99( Above 850DMA)?

As of 9 AUG

2. Factors Drives $Akamai(AKAM)$ โ€˜s Prices Higher

  • In the second quarter, Akamai launched an enhanced security service with new premium features to strengthen protection against evolving cyber threats. Akamai also announced the acquisition of Neosec, an API detection and response platform based on data and behavioral analytics.

  • The company also introduced Brand Protector, an innovative solution designed to identify and disrupt phishing websites, fake stores and instances of brand impersonations. These initiatives are likely to have improved its top-line performance.

  • Based on 11 Wall Street analysts offering 12 month price targets for $Akamai(AKAM)$ in the last 3 months. The average price target is $102.80 with a high forecast of $118.00 and a low forecast of $67.00. The average price target represents a -0.88% change from the last price of $103.71.

3. More Discussion on $Akamai(AKAM)$โ€™s Future Trend and Target price

Cited from Yael Lopez from hareplanner.com: $AKAM gapped above the inverse head and shoulders neckline, but I think itโ€™s better to wait for a pullback to the neckline before considering a new long position at this point.

Cited from UltraAigo, @Slayer10Stock $AKAM Awaiting Short Signal based off 12 signals $1,071 net profit 6.91 profit factor 75% win rate on a 15-min chart.

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  • At what price will consider add $Akamai(AKAM)$ to your watch list? Whatโ€™s your target price?

  • Any other stocks are shaping the same pattern?

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Comments

  • WanEH
    2023-08-14
    WanEH
    if break 104 resistance  is the good entry to purchase Akam. if break it will continue to reach 110 in short term
  • WonderElephant
    2023-08-12
    WonderElephant
    I will only consider adding AKAM into my watchlist when it's $85-88. Price is too high now!
  • Shyon
    2023-08-11
    Shyon
    New discovery again! $Akamai(AKAM)$ seems to be a great stock that definitely worth to be kept in your watchlist. Very bullish movement recently and I predict a target price of 120 USD, around 15-20%of upside. Good earnings and keep it up! @GoodLife99 @Aqa @Universeๅฎ‡ๅฎ™ @icycrystal @b1uesky @rL @koolgal
  • koolgal
    2023-08-11
    koolgal

    ๐ŸŒŸ๐ŸŒŸ๐ŸŒŸ$Akamai(AKAM)$  share price has jumped 11% in the past 5 days and up 22% year todate  on news that its 2nd quarter earnings and revenue topped Wall Street targets.

    Akamai is the biggest provider of content delivery network services that also increase the speed of e commerce transactions and business software downloads.  Akamai has also expanded into Cybersecurity services.  There it competes with Cloud flare. 

    Akamai share price has popped over the USD 100.00 mark and heading upwards towards new share price level.  I have put Akamai on my watch list as I believe this stock will take off to new heights of success. 

    @Trend_Radar  

  • Aqa
    2023-08-10
    Aqa
    Today letโ€™s focus on $Akamai(AKAM)$. It is by now jumped 10% to the one year high. It is also holding very well above the USD $100. With the favaurable CPI results, the market is having a mini bull run. This will help in boisting $Akamai(AKAM)$ Thanks for tag @icycrystal [Heart][Heart][Heart]
  • StickyRice
    2023-08-16
    StickyRice




    Akamai's stock has reversed its losses from earlier this year after delivering impressive first quarter results, supported by an improved roadmap for its growth strategy in security and compute. Yet, management remains conservative on the company's AI prospects, despite the mission-critical role Akamai solutions will play in the development, deployment and usage of related technologies. While management has remained tight-lipped on how Akamai Connected Cloud plans to incorporate AI, the company is well-positioned to monetize from related opportunities. Akamai is investing heavily in cloud infrastructure, which could support growth and the company's competitive position, or undermine profitability. My target price is $125.
    $Akamai(AKAM)$
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