Double-digit gains thrust Akamai to the top of e-commerce stocks
August 13, 2012 03:24 PM
Content delivery network operator Akamai Technologies Inc. led the Internet Retailer Online Retail Index last week with 19.9% growth in its stock value over the week before.
Akamai last week announced an expansion of its Asia operations with the opening of offices in Taipei, Taiwan, and Melbourne, Australia. Akamai says it has more than two dozen clients in Taiwan; the Melbourne office is in addition to one in Sydney, Australia.
Online and DVD video rental company Netflix Inc., meanwhile, fared not as well. Its stock decreased 28.0% last week over the prior week. In its second quarter results released two weeks ago, Netflix posted a profit of $6.2 million compared with a $68.2 million profit in Q2 2011.
Overall the Online Retail Index decreased 0.20% last week, bested by the broader market. The Dow Jones Industrial Average increased by 0.85% and the Standard & Poor’s 500 Index increased by 1.07% in value last week.
Of the 25 stocks in the Online Retail Index, 15 had increases, while the stocks of nine companies decreased in value, and one, Bidz.com Inc., was flat.
Following are the best-performing stocks last week in the Online Retail Index and the percentage gain in stock price for each:
• Akamai, 19.9%
• Vitacost, 10.1%
• Overstock, 7.5%
• Amazon, 4.0%
• Shutterfly, 3.5%
Following are the Online Retail Index stocks that performed least well last week and the percentage decrease in stock price for the week:
• Netflix, -28.0%
• PetMed Express, -13.9%
• 1-800-Flowers, -6.2%
• NutriSystem, -6.1%
• Bluefly, -2.4%
The 25 companies in the Internet Retailer Online Retail Index are: 1-800-Flowers.com Inc., Akamai Technologies, Amazon.com Inc., American Greetings Corp., Bidz.com Inc., Blue Nile Inc., Bluefly Inc., Coastal Contacts Inc., Digital River Inc., eBay Inc., eGain Communications Corp., Groupon Inc., Keynote Systems Inc., LivePerson Inc., Netflix Inc., NutriSystem Inc., Overstock.com Inc., PetMed Express Inc., Shutterfly Inc., Systemax Inc., U.S. Auto Parts Network, United Online Inc. (owner of FTD.com), ValueClick Inc., Vistaprint Ltd. and Vitacost.com Inc.