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Stocks Highlights: Akamai Technologies, Inc. (AKAM), Best Buy Co., Inc. (BBY), Acacia Communications, Inc. (ACIA)

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Akamai Technologies, Inc. (AKAM) had a active trading with around 4.02M shares changing hands compared to its three month average trading volume of 2.21M. The stock traded at the price of $69.91 with 1.6% change on the day. The Cambridge Massachusetts 02142 based company is currently trading 77.3% above its 52 week low of $39.43 and -0.06% below its 52 week high of $70.1. Both the RSI indicator and target price of 89.4 and $66 respectively, lead us to believe that it could drop over the coming weeks.

Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers performance and security solutions designed to help Websites and business applications operate while offering protection against security threats. It also provides media content delivery solutions that are designed to deliver movies, television shows, live events, games, social media, software downloads, and other content on the Internet in fixed line and mobile networks; adaptive delivery solutions for streaming video content; and download delivery solution that offers accelerated distribution for large file downloads, including games, progressive media files, documents, and other file-based content. In addition, the company offers a suite of analytics tools to monitor online video viewer experiences and the effectiveness of Web software downloads, while measuring audience engagement, and quality of service performance; and NetStorage, a cloud storage solution, as well as media services to deliver live and on-demand content to various devices and platforms. Further, it provides cloud security solutions, which help customers avoid data theft and downtime, and protect Internet-facing infrastructure; and cloud networking solutions to help customers enhance enterprise branch office and retail store productivity and revenue by accelerating applications, reducing bandwidth costs, and extending the Internet and public clouds into private wide area networks. Additionally, the company offers network operator solutions that are designed to help carriers to operate a network that capitalizes on traffic growth and new subscriber services; and professional services and solutions. It sells its solutions through direct sales and service organization; and through active channel partners. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.

Best Buy Co., Inc. (BBY) managed to rebound with the stock climbing 0.78% or $0.3 to close the day at $38.78 on light trading volume of 3.98M shares, compared to its three month average trading volume of 5.42M. The Richfield Minnesota 55423 based company has been outperforming the electronics stores group over the past 52 weeks, with the stock gaining 17.87%, compared to the industry which has dropped -3.28% over the same period. With RSI of 48.95, the stock should still continue to rise and get closer to its one year target estimate of $38.21, making it a hold for now.

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. The company operates through two reportable segments, Domestic and International. Its stores provide consumer electronics, such as home theater, home automation, digital imaging, health and fitness, and portable audio products; computing and mobile phones, including computing and peripherals, networking, tablets, smart watches, and e-readers, as well as mobile phones comprising related mobile network carrier commissions; and entertainment products, such as gaming hardware and software, movie, music, technology toy, and other software products. The company’s stores also offer appliances, which include refrigeration and laundry appliances, dishwashers, ovens, coffee makers, blenders, etc.; and other products comprising snacks, beverages, and other sundry items. In addition, it provides services, such as consultation, design, delivery, installation, set-up, protection plan, repair, technical support, and educational services. The company offers its products through stores and Websites under the Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, Pacific Kitchen and Home, bestbuy.com.ca, bestbuy.com.mx, and Geek Squad brand names, as well as through call centers. As of January 30, 2016, it had approximately 1,200 large-format and 400 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

Acacia Communications, Inc. (ACIA) shares were down in last trading by -3.29% to $71.24. It experienced higher than average volume on day. The stock decreased in value by almost -15.98% over the past week and fell -30.82% in the past month. It is currently trading -31.62% below its 50 day moving average and -2.33% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -44.66% decrease in value from its one year high of $128.73. The RSI indicator value of 29.8, lead us to believe that it may correct downwards in the near term.

Acacia Communications, Inc. provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processors and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. The company sells its products through a direct sales force to network equipment manufacturers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.

 

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