Akamai Technologies, Allegiant, Strayer Education Downgraded

Akamai Technologies, Allegiant, and Strayer Education stocks received bearish analyst attention

Apr 12, 2017 at 9:53 AM
facebook X logo linkedin

Analysts are weighing in on tech stock Akamai Technologies, Inc. (NASDAQ:AKAM), airline Allegiant Travel Company (NASDAQ:ALGT), and for-profit college operator Strayer Education Inc (NASDAQ:STRA). Here's a quick roundup of today's bearish brokerage notes on shares of AKAM, ALGT, and STRA.

Akamai Technologies Retreats on Price-Target Cut

AKAM saw its price target trimmed to $56 from $58 at Craig-Hallum. Out of the gate, the stock is down 0.5% at $58.74, and has lost 18% since topping out at $71.64 on Jan. 11. That hasn't stopped options traders from placing bullish bets on Akamai Technologies, Inc. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), speculators have bought to open nearly triple the number of calls as puts in the past two weeks. The resultant call/put volume ratio of 2.93 ranks in the bullishly skewed 72nd percentile of its 12-month range.

Allegiant Receives Another Bearish Brokerage Note

ALGT stock was hit with a price-target cut to $170 from $182 at Imperial Capital. The bearish note is well-deserved, considering the shares have been stair-stepping lower in 2017, and were last seen off 0.3% at $154.25. Analyst pessimism toward Allegiant Travel Company is far from unusual. In fact, two-thirds of the stock's covering brokerage firms have dished out either a "hold" or a "strong sell" rating. 

BMO Trims Price Target on Strayer Education Stock

BMO reduced its price target on STRA stock to $86 from $88. Yet, this new outlook sits in waters not explored since July 2012. In early trade, Strayer Education Inc shares have given back 0.4% to hover at $78.67. More broadly speaking, though, after a rapid rise in late 2016, the stock has been consolidating in the $72-$80 range for most of 2017. Meanwhile, short sellers are banking on steeper losses for the shares, with nearly 8% of STRA stock's float sold short -- 10 times the average daily trading volume.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI