Notable Downgrades: Akamai Technologies (AKAM), Citrix Systems (CTXS), Southwest Airlines (LUV)

Analysts at Macquarie downgraded Akamai Technologies, Inc. (AKAM) from ‘Outperform‘ to ‘Neutral‘ in a research report issued to clients on Tuesday.

On valuation measures, Akamai Technologies Inc. stock it’s trading at a forward P/E multiple of 23.90x, and at a multiple of 38.83x this year’s estimated earnings. The t-12-month revenue at Akamai Technologies Inc. is $2.04 billion. AKAM ‘s ROE for the same period is 11.90%.

Shares of the $12.97 billion market cap company are up 30.31% year-over-year and 18.95% year-to-date.

Akamai Technologies Inc., currently with a median Wall Street price target of $77.50 and a high target of $90.00, dropped $2.28 to $72.61 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Citrix Systems, Inc. (CTXS) was downgraded from ‘Buy‘ to ‘Sell‘ and the price target was cut to $56 from $75 at Berenberg.

Shares have traded today between $64.27 and $65.32 with the price of the stock fluctuating between $56.47 to $72.89 over the last 52 weeks.

Citrix Systems Inc. shares are currently changing hands at 47.44x this year’s forecasted earnings, compared to the industry’s 16.32x earnings multiple. Ticker has a t-12 price/sales ratio of 3.35. EPS for the same period registers at $1.36.

Shares of CTXS have lost $1.38 to $64.61 in midday trading on Tuesday, giving it a market cap of $10.36 billion. The stock traded as high as $72.89 in September 18, 2014.

Southwest Airlines Co. (LUV) rating of ‘Outperform’ was reiterated today at Cowen with a price target cut of $45 from $55 (versus a $36.11 previous close). Right now, the stock is sitting at $34.29, a 5.04% loss, and is 14.38% lower year-to-date compared with a 6.59% gain in the S&P 500.

LUV closed Monday at $36.11. The company has a current market cap of 22.92 billion.

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