AKAM - Shares of Akamai Technologies Inc. (AKAM) Exceed 52-Week High

Shares of Akamai Technologies Inc. (NASDAQ:AKAM) traded at a new 52-week high today of $120.87. So far today approximately 203,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,000 points of presence in more than 1,000 cities worldwide. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core web and media businesses to protect its customers from cyber threats.

Akamai Technologies Inc. (NASDAQ:AKAM) is currently priced 0.2% above its average consensus analyst price target of $120.26.

Akamai Technologies Inc. share prices have moved between a 52-week high of $120.87 and a 52-week low of $96.86 and are now trading 24% above that low price at $120.51 per share.

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