New Strong Sell Stocks for May 28th
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
0mins
Source: NASDAQ.COM
Stocks Added to Zacks Rank #5 List:
- ARMOUR Residential REIT, Inc., Akamai Technologies, Inc., and Anhui Conch Cement Company Limited have been added to the Zacks Rank #5 (Strong Sell) List.
- Estimates for their current year earnings have been revised downward over the last 60 days.
Market Outlook Based on Election Results:
- Historically, the market has been bullish in presidential election years regardless of the party that wins.
- A free Special Report by Zacks Investment Research offers 5 stocks with potential upside for both Democrats and Republicans.
Featured Stocks in the Special Report:
- The report highlights a medical manufacturer, a rental company, an energy powerhouse, an aerospace and defense standout, and a giant chipmaker with growth potential.
Analyst Views on AKAM
Wall Street analysts forecast AKAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AKAM is 101.50 USD with a low forecast of 89.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
9 Buy
7 Hold
0 Sell
Moderate Buy
Current: 97.030
Low
89.00
Averages
101.50
High
115.00
Current: 97.030
Low
89.00
Averages
101.50
High
115.00
About AKAM
Akamai Technologies, Inc. is a cybersecurity and cloud computing company. The Company develops and provides solutions for global enterprises to build, secure and accelerate their applications and digital experiences. Akamai Connected Cloud, the Company's platform, is comprised of an edge and cloud architecture and underlying network for cloud computing, security and content delivery services. Its cloud computing services include compute, storage, networking, database and container management services that are required to build, deploy and secure applications and workloads. Its security solutions are designed to keep infrastructure, websites, applications, application programming interfaces and users safe from a multitude of cyberattacks and online threats while improving performance. Its content delivery solutions consist of Web and mobile performance focused solutions and media delivery solutions. It also specializes in serverless WebAssembly function-as-a-service (FaaS) technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
