6 Green Days In A Row: Akamai Technologies Stock Is Up 14%
Akamai Technologies (AKAM) stock is on a 6-day winning streak, up 14.1% since the run began. That added about $1.8 billion to the company’s market value, which now stands at about $14.4 billion. The stock closed at $99.59 on Tuesday, October 27, 38.2% below its 52-week high of $161.14 and 38.4% above its low of $71.97.
How The Streak Stacks Up Against The S&P 500
Returns for AKAM and the S&P 500 over the streak and the periods around it, all ending Tuesday, October 27 and including dividends:
| Return Period | AKAM | S&P 500 |
|---|---|---|
| 1 Day | 1.1% | 0.6% |
| 6 Days (Current Streak) | 14.1% | 0.4% |
| 1 Month (21 Trading Days) | -8.6% | 0.6% |
| 3 Months (63 Trading Days) | -7.3% | 5.8% |
| Year To Date | 14.1% | 13.9% |
| 1 Year (252 Trading Days) | 32.7% | 15.0% |
How The Streak Compares With The Market
Over the same 6 trading days, the S&P 500 returned +0.4% including dividends, so the run is mostly Akamai Technologies’ own story rather than the market’s. 4 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is down 7.3%, a window that includes the streak; over the other 57 sessions of that window it was down 18.8%.
What The Numbers Say About The Rally
On the fundamentals, revenue grew 5.9% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 11.9%, versus a median of 21.6%; and the stock trades at 35.1 times trailing earnings against a median of 33.8. The read is mixed.
A climb like this is worth respecting, and worth testing. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
One Hot Stock Is A Story. Thirty Sound Ones Are A Strategy
A streak like this earns a place on your watchlist, and it also earns a question: how much of your outcome do you want depending on one company keeping this up?
The Trefis High Quality (HQ) Portfolio answers it with breadth: roughly 30 businesses picked for consistent cash generation, strong margins, and balance-sheet strength, sized and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Follow the story; invest in the strategy.