Akamai (AKAM) Offering Possible 22.85% Return Over the Next 22 Calendar Days

Akamai's most recent trend suggests a bearish bias. One trading opportunity on Akamai is a Bear Call Spread using a strike $48.00 short call and a strike $53.00 long call offers a potential 22.85% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $53.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Akamai is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Akamai is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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LATEST NEWS for Akamai

Akamai (AKAM) Hits New 52-Week Low on Increasing Headwinds
Thu, 18 May 2017 18:09:06 +0000
Share price of Akamai Technologies Inc. (AKAM) dropped to a new 52-week low of $47.46, eventually closing a tad bit higher at $47.50.

Mirai DNS Water Torture finance sector attack dominated Q1: Akamai
Wed, 17 May 2017 23:26:06 +0000
The vendor's first quarter threat report has found Mirai DNS Water Torture Attacks, a DNS query flood included in Mirai malware, targeted its customers in the financial services industry.

Akamai Releases First Quarter 2017 State of the Internet / Security Report
Tue, 16 May 2017 10:30:00 +0000
CAMBRIDGE, Mass., May 16, 2017 /PRNewswire/ — Mirai “DNS Water Torture” attacks target the financial services industry Report highlights a 35 percent year-over-year increase in total web application …

Top Losers in the Tech Sector in the Week Ended May 5
Mon, 15 May 2017 11:37:28 +0000
Meanwhile, Akamai Technologies (AKAM) stock fell 14.3% on the back of a disappointing 2Q17 outlook, although the company did just about beat earnings estimates.

Akamai Focuses on Clean-powered Internet with Wind Farm Investment
Wed, 10 May 2017 10:30:00 +0000
CAMBRIDGE, Mass., May 10, 2017 /PRNewswire/ — Akamai Technologies, Inc. (AKAM), the world's largest and most trusted cloud delivery platform, today announced the Company has invested in a wind energy farm as part of its commitment to source renewable energy for 50 percent of its global network operations by 2020. The 20-year investment places Akamai at the forefront of an emerging trend in which mid-market corporations are investing in renewable energy projects as a means to decarbonize their operations. Akamai intends to source enough energy from the 80-megawatt Seymour Hills Wind Farm to offset its aggregate Texas data center operations, representing approximately seven percent of its global power load.

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