Akamai Technologies Falls 3%

Shares of Akamai Technologies

are down 3% on Friday. Around 4 million shares have already traded hands on the day, which is a little less than the 3-month daily average of 4.7 million. Over the last three months AKAM shares have risen 35%, but the stock has lost 37% over the last year. AKAM trades at a trailing P/E of 31, a forward P/E of 19, and a PEG ratio of 1.63. The median Wall Street price target on the stock is $32.50 with a high target of $36.00. Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet; ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.