September 22, 2020

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Eye Catching Stock: Akamai (NASDAQ: AKAM)

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Akamai (NASDAQ: AKAM) changed 0.99% to recent value of $73.45. The stock transacted 698269 shares during most recent day however it has an average volume of 1346.9K shares. It spotted trading -11.59% off 52-week high price. On the other end, the stock has been noted 28.45% away from the low price over the last 52-weeks.

Akamai (NASDAQ: AKAM) declared that it has integrated Akamai’s content delivery network (CDN) capabilities with Microsoft Azure Media Services and Blob Storage. The collaboration will make it easier and more cost effective for media organizations to combine cloud-based video processing with edge delivery, from content preparation to playback.

Going forward, Akamai will directly connect its edge network to Azure using a high-speed Azure ExpressRoute connection. This will result in significant efficiencies when storing and delivering content and provide mutual customers with lower, more predictable cost structures between Azure and Akamai’s CDN.

Akamai will enhance the delivery of live and on-demand streaming workflows through Azure Media Services, Microsoft’s cloud video workflow platform for encoding, packaging, DRM and Video AI video metadata indexing. Together, Akamai and Microsoft will work to offer customers higher quality streaming delivery, lower latencies and more choices for their integrated media workflows through mutual partners such as Harmonic, Telestream and more.

Akamai CEO, Dr. Tom Leighton said “Our customers are expanding their libraries and delivering more content to larger audiences at higher levels of quality than ever before. Many of them are asking for help to simplify how they manage and deliver video, scale their services and move their workflow functions to the cloud,”. “By combining the power of Microsoft Azure, Azure Media Services and Azure Storage with the vast reach of Akamai’s Edge we will create an environment that mitigates cost while maximizing performance and scale for content providers. We’re very pleased to expand Akamai’s strong relationship with Azure, and we look forward to helping customers realize the benefits of the cloud for delivering the best possible online entertainment experiences.”

AKAM has a gross margin of 64.90% and an operating margin of 13.40% while its profit margin remained 11.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 23.70% for this year while earning per share for the next 5-years is expected to reach at 15.30%.

The company has 161.8M of outstanding shares and 158.13M shares were floated in the market. According to the most recent quarter its current ratio was 2.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.40% from the mean of 20 days, 5.76% from mean of 50 days SMA and performed 4.42% from mean of 200 days price. Company’s performance for the week was 3.77%, 4.11% for month and YTD performance remained 20.25%.

 

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