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Internet Stocks Under Scanner -- Akamai Technologies, Yandex, GrubHub, and TripAdvisorNEW 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: http://stock-callers.com/registration Akamai Technologies 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: http://stock-callers.com/registration/?symbol=AKAM
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: http://stock-callers.com/registration/?symbol=GRUB
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: http://stock-callers.com/registration/?symbol=TRIP -- Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
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