ABC BullishPossible stop below C. Earnings 11-2 after market close.
I have looked at this stock on several occasions over the last few years. It does seem to struggle, yet they they have not missed earnings in eons. Short interest is a bit over 6% but is always higher than I would think it would be for AKAM. I looked back over many years and at one time the high was 345.5. This was many, many years ago though and perhaps this is a mountain stock like CIEN which had a high of over a thousand dollars many years ago. Perhaps they were arcs back then, probably so. I like to look back the maximum monthly on stocks so I saw this. It can take many years, if ever, to top a mountain a stock formed so long ago.
A price mountain is just like it sounds. Price forms a high peak and then reverses and looks like a mountain, or a tall peak, on a long term chart (often on a shorter term chart too if you catch a look when the mountain forms). Thing is, these reverse sharply and can take many years to recover. But this is like 20 years later! Folks were certainly bullish ok AKAM in 1999!
Revenue growing year on year and AKAM is in to cybersecurity among other entities. PE 19.36 and EPS is 5.61.
Doji today which represents indecision.
Negative volume is high on AKAM showing smart money interest.
No recommendation.
Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud and enterprise security solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to enable dynamic websites and applications; media delivery solutions, including video streaming and video player services, game and software delivery, broadcast operations, authoritative domain name system, resolution, and data and analytics; and edge compute solutions to enable developers to deploy and distribute code at the edge. In addition, the company offers carrier offerings, including cyberthreat protection, parental controls, DNS infrastructure and content delivery solutions; and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings. It sells its solutions through direct sales and service organizations, as well as through various channel partners. Akamai Technologies, Inc. has a strategic partnership with Queue-It to deliver a cure for Covid vaccine registration. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.
