NEW YORK, November 2, 2016 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on these Internet Information Providers stocks: Akamai Technologies Inc. (NASDAQ: AKAM), Yandex N.V. (NASDAQ: YNDX), GrubHub Inc. (NYSE: GRUB), and TripAdvisor Inc. (NASDAQ: TRIP). These companies belong to the Technology sector, which was down on Tuesday, November 01, 2016, with shares of tech companies in the S&P 500 retreating slightly more than 0.8% in afternoon trade. You can access of our complimentary research reports on these stocks now at:
Shares in Cambridge, Massachusetts headquartered Akamai Technologies Inc. ended Tuesday's session at $68.10, which was a drop of 1.97% from the previous trading session. The stock recorded a trading volume of 5.33 million shares, which was above its three months average volume of 2.20 million shares. The Company's shares have surged 26.79% in the last one month, 37.74% in the previous three months, and 29.39% on an YTD basis. The stock is trading 23.15% above its 50-day moving average and 28.07% above its 200-day moving average. Moreover, shares of Akamai Technologies, which provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the US and internationally, have a Relative Strength Index (RSI) of 78.71.
On October 25th, 2016, Akamai reported Q3 2016 revenue of $584 million, a 6% increase over Q3 2015 revenue of $551 million. The company's GAAP net income for Q3 2016 was $76 million, a 14% decrease from Q3 2015. Non-GAAP net income was $120 million, up 7% from Q3 2015.
On October 26th, 2016, research firm FBR & Co. upgraded the Company's stock rating from 'Underperform' to 'Market Perform'. The research firm also revised upwards its previous target price from $42 to $55. Visit us today and download your complete report on AKAM for free at:
Amsterdam, the Netherlands-based Yandex N.V.'s stock declined 0.86%, closing the day at $19.52. A total volume of 2.47 million shares was traded, which was higher than their three months average volume of 2.17 million shares. The Company's shares have advanced 24.17% since the start of this year. The stock is trading 3.83% above its 200-day moving average. Additionally, shares of Yandex, which operates an Internet search engine in Russia and internationally, have an RSI of 41.13.
On October 27th, 2016, Yandex reported revenues of RUB 19.3 billion ($305.5 million) for Q3 2016, up 25% compared to Q3 2015. The company posted adjusted EBITDA of RUB 6.9 billion ($109.1 million) for Q3 2016, up 14% compared to Q3 2015. Yandex's Q3 2016 adjusted net income was RUB 3.8 billion ($60.1 million), up 8% compared to Q3 2015. Cash, cash equivalents, term deposits, and short-term investments in debt securities were RUB 66.2 billion ($1,048.9 million) as of September 30th, 2016. The complimentary research report on YNDX can be accessed at:
On Tuesday, shares in Chicago, Illinois headquartered GrubHub Inc. recorded a trading volume of 1.47 million shares. The stock ended the day 1.97% lower at $37.36. The Company's shares have gained 54.38% on an YTD basis, and are trading above their 200-day moving average by 23.09%. Furthermore, shares of GrubHub, which together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the US, have an RSI of 33.18.
On October 26th, 2016, GrubHub posted Q3 2016 revenues of $123.5 million, up 44% from $85.7 million in Q3 2015. The company reported net income of $13.2 million, or $0.15 per diluted share for Q3 2016, a 92% increase from $6.9 million, or $0.08 per diluted share, in Q3 2015. During Q3 2016, Active Diners were 7.69 million, up 19% from 6.43 million Active Diners in Q3 2015. Gross Food Sales were $735 million, a 33% increase from $554 million in Q3 2015.
On October 27th, 2016, research firm ROTH Capital upgraded the Company's stock rating from 'Neutral' to 'Buy'. Register for free on Stock-Callers.com and download the PDF research report on GRUB at:
Needham, Massachusetts headquartered TripAdvisor Inc.'s stock dropped 1.57%, finishing yesterday's session at $63.47, with a total trading volume of 1.26 million shares. The Company's shares have advanced 0.19% in the last month. The stock is trading above its 50-day moving average by 1.49%. Additionally, shares of TripAdvisor, which operates as an online travel company, have an RSI of 52.07.
On October 27th, 2016, TripAdvisor announced that it is among the first U.S. travel companies to receive a license from the US Treasury Department's Office of Foreign Assets Control (OFAC) to provide and sell travel-related services to travelers from around the world booking trips to Cuba. The license permits TripAdvisor to promote educational and cultural engagement between global travelers and the Cuban people. TripAdvisor's license also eases many of the prior commercial restrictions regarding travel to the country. Get free access to your research report on TRIP at:
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