Akamai $AKAM +10% Today - Can This Move Sustain?
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Analysis by Alex King, CEO, Cestrian Capital Research, Inc.
Akamai was the original provider of content delivery network services. In the 1990s when $AKAM was born, “CDN” was a rather grand name for placing a web server a little nearer to customer premises than would otherwise be the case. Today the company has morphed into an edge-network hosting and security provider. It lacks, in my view, the technical edge of a Cloudflare ( $NET ) but the fundamentals are solid, the stock looks to be on the ups, and since we are in the middle of a big ole 90s redux, why would this thing not keep rising?
Before we get into it you might take a look at this background note on the company. The stock was in a downtrend at the time and we thought that it might find support around $118; in the event it fell to $109 before, so far, bottoming out.
Alex King
You might also take a look at this video we prepared earlier, talking about the 1990s tech vendor resurgence writ large.
And now for some numbers, charts, valuations and price targets.