Akamai Technologies, Inc. (AKAM)

beaten down out of the stratosphere, but great cash flow.
Will become wall street favorite again. Solid relationships with top tier companies. Watch to make sure they evolve and add diversified services, without harming their core business.

the stock usually pops 10 points around feb

then falls around nov

The key to Akamai’s success is its de-centralized computer network (duplicates client websites to servers in closer proximity to users) - improves the performance/speed of the client's websites. This is especially important to data intensive applications such as video. Akamai operates the world’s largest distributed computing network with 48,000 servers in 1,000 networks across 70 countries.

Duplication of this network by competitors is a threat as server costs have decreased, but Akamai is the respected leader delivering 15-20% of the world’s non-email web traffic. Clients include 85 of the top 100 online retailers; 6 of top 7 computer companies, top advertising delvery companies, 9 of top 10 auto companies, over 150 leading news portals, 4 of top 5 antivirus companies, etc. Akamai also supported all the major news networks in broadcasting the Michael Jackson funeral.

Akamai has grown sales and earnings by 30% and 27%, respectively over the past 5 years. Although 2009 will show only marginal growth in earnings (not a bad thing in a deep recession), it is continuing to grow FCF. Akamai also has a strong history in beating analyst expectations with 8 quarters beating estimates with no negative surprises.

With an FPE of 11 and projections of 18-22% growth after 2010, Akamai has a good chance to double its recent price of $20 within 2-3 years.

internet efficiency/innovation and microsoft partner makes compelling value growth play.

Looks like a cloud company and like goog, crm and bidu should continue to defy PE norms.

aapl

Has been making a strong move and should have room for more gains.

too much cash on hand to ignore and great forward looking prospects

Using normalized figures Akamai is growing FCF at about 100% YOY.
9 months of 2006 cash from operations 109,397,000
CAPEX 49,674,000
FCF = 59,723,000

9 months of 2005 cash from operations 55,125,000
CAPEX 28,055,000
FCF = 27,070,000

looks like FCF for the 1st 9 months of 2006 has increased 120% over the 1st 9 months 0f 2005

Cash and cash equivalents has risen from 367 million at the end of 2005 to 416 million for the first nine months of 2006,an increase in cash of 49 million.
I would welcome any comments.My take is that although it may still be early cash is starting to accumulate at nice pace.

I was thinking the price had gone up too far too fast to make this pick, but today we learn that CBS is launching 100 stations of college sports online channels set to stream 10,000 events in the coming year -- and Akamai will be delivering every last byte. Sweet!

akam

It's been beat up for no real good reason. This stock is going to bounce back quickly, and continue to grow for the foreseeable future

Of course I'm high on AKAM!

core technology for the web that provides the services and software for managing traffic at specific sites....core internet stocks holidng with GOOG, CSCO, AKAM, EBAY

let's see waht happens

online video growth

I've been a big fan of AKAM for years. It's expensive now and in a little while I think it'll be subject to a correction but for the next 3 weeks - up. ( Unless the mkt changes course)

No real competition with It's already huge infratructure.

The backbone of many tech companies. Can only go up with increasing internet usage, faster broadband, and new services.