Akamai Technologies (NASDAQ:AKAM) is now trading -8.39% off 52-week high price. On the other end, the stock has been noted 35.50% away from the low price over the last 52-weeks. The stock changed -0.02% to recent value of $99.17. The stock transacted 1565400 shares during most recent day however it has an average volume of 2.38M shares. The company has 165.62M of outstanding shares and 158.94M shares were floated in the market.
On May 06, 2020, Akamai Technologies (NASDAQ:AKAM) released that it has launched a multi-tiered, multi-phased global community response to COVID-19 with a US$ 1.1 million pledge to support relief efforts. The goal of the global COVID-19 charitable giving campaign is to provide direct relief in Akamai communities, work hand-in-hand with Akamai employees in giving back, and expand the opportunity for social good beyond Akamai.
The greatest portion of the global COVID-19 charitable giving program is directed towards a COVID-19 health and human essential grant program designed to deliver direct funding to organizations in communities where Akamai employees live and work, enabling them to provide critical services in response to the pandemic. Direct grants totaling close to US$ 500,000 are earmarked for 29 nominated charities in 16 countries and 21 cities. Grants provide support for hunger relief, support for health clinics, medical care and respirator purchases; and emergency child care for essential workers and vulnerable families.
The Akamai Foundation has adapted to meet the diverse and changing needs of our communities during this time, commented Anthony Williams, executive vice president and chief human resources officer, Akamai Technologies and president, Akamai Foundation. Support of the Akamai Foundation is a core tenet of Akamai’s overarching commitment to corporate responsibility. The company has a long history of supporting programs designed to attract more diversity to the technology industry; providing disaster relief and humanitarian aid globally; enabling volunteerism by connecting employees to the communities in which Akamai operates; and promoting environmental sustainability through investments in alternative energy.
Its earnings per share (EPS) expected to touch remained 63.00% for this year while earning per share for the next 5-years is expected to reach at 11.27%. AKAM has a gross margin of 65.60% and an operating margin of 18.10% while its profit margin remained 15.30% for the last 12 months.
According to the most recent quarter its current ratio was 3.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.20% from the mean of 20 days, 5.41% from mean of 50 days SMA and performed 9.38% from mean of 200 days price. Company’s performance for the week was -2.69%, 4.02% for month and YTD performance remained 14.83%.