DekaBank Deutsche Girozentrale Reduces Stake in Akamai Technologies
July 12, 2023
🌥️Trending News
DekaBank Deutsche Girozentrale has recently reduced its stake in Akamai Technologies ($NASDAQ:AKAM), Inc. According to Defense World, the German bank has reduced its stock position in the company. Akamai Technologies is a globally recognized technology company that provides cloud services and digital media delivery solutions. It has a wide array of offerings ranging from content distribution and delivery, to cloud security services, to web and mobile performance optimization.
Akamai’s products and services are used by some of the world’s largest companies, including Amazon, Apple, Facebook, Google, Microsoft, and Netflix. As a result of DekaBank’s recent reduction in its stock position in Akamai Technologies, it is not clear what impact this will have on the company’s stock price.
Stock Price
The reduction in DekaBank’s stake in Akamai Technologies signifies the bank’s decreased confidence in the company and its operations. Akamai Technologies is a global content delivery network provider, specializing in speeding up and improving the performance of web applications and allowing customers to deliver their websites to users quickly and securely. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Akamai Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 3.63k | 487.4 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Akamai Technologies. More…
| Operations | Investing | Financing |
| 1.29k | -425.3 | -930.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Akamai Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.18k | 4.01k | 27.31 |
Key Ratios Snapshot
Some of the financial key ratios for Akamai Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.1% | 4.9% | 17.5% |
| FCF Margin | ROE | ROA |
| 20.3% | 9.3% | 4.8% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of AKAMAI TECHNOLOGIES‘ wellbeing. After our careful assessment, we have concluded that AKAMAI TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. We have also detected two risk warnings in the balance sheet that are non-financial. To view this information in more detail, simply register on our website goodwhale.com. This will allow you to access the full report on AKAMAI TECHNOLOGIES and make an informed decision before investing. GoodWhale is committed to providing reliable insights into company wellbeing. We understand the importance of making sure that investments are sound, and we make it our mission to give our clients the most up-to-date information and analysis. More…
Peers
The competition between Akamai Technologies Inc and its competitors is fierce. Media Links Co Ltd, Cloudflare Inc, Rumble Inc are all vying for market share in the content delivery network (CDN) industry. Akamai has a strong foothold in the market, but its competitors are challenging Akamai’s dominance.
– Media Links Co Ltd ($TSE:6659)
Media Links Co Ltd is a Japanese company that specializes in the development and manufacture of equipment for digital audio and video signal transmission. The company has a market cap of 819.24M as of 2022 and a Return on Equity of -29.69%. Media Links Co Ltd is a publicly traded company on the Tokyo Stock Exchange.
– Cloudflare Inc ($NYSE:NET)
Cloudflare is an American web infrastructure and website security company, providing content delivery network services, DDoS mitigation, Internet security, and distributed domain name server services. Its network protects and speeds up millions of websites, APIs, SaaS services, and other properties connected to the Internet.
As of May 2021, Cloudflare had a market capitalization of $12.82 billion. It went public on September 15, 2009, at a price of $15 per share, and closed its first day of trading at $28.79 per share. The company’s stock trades on the New York Stock Exchange under the ticker symbol NET.
Cloudflare has a negative return on equity (ROE) of 19.43%. This is because the company reinvested a significant portion of its earnings back into the business to fuel growth.
– Rumble Inc ($NASDAQ:RUM)
Rumble Inc is a publicly traded company with a market capitalization of 3.8 billion dollars as of 2022. The company has a negative return on equity of 23.68%. Rumble Inc is a provider of online video streaming services. The company was founded in 2004 and is headquartered in San Francisco, California.
Summary
This indicates that the financial institution is no longer bullish on this technology stock. Akamai Technologies, Inc. is a global provider of cloud services for delivering, optimizing and securing content and business applications online. The company’s stock price has declined over the past several months, due to weak earnings, mounting competition, and increased spending on technology. Nevertheless, analysts believe that Akamai Technologies, Inc. still has potential to grow in the near future given its strong portfolio of products and solutions. Investors should be aware of the risks associated with this stock, but some analysts recommend buying Akamai while it is trading at a discount.
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