Canaccord Genuity maintains a 'Hold' on Akamai Technologies (AKAM); Solid Quarter, But CEO Leaving
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Price: $42.56 --0%
Rating Summary:
21 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 7 | New: 16
Rating Summary:
21 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 7 | New: 16
Trade AKAM Now!
Canaccord Genuity maintains a 'Hold' on Akamai Technologies (NASDAQ: AKAM) price target of $34.00.
Analyst, Greg Miller, said, "We continue to rate Akamai with a HOLD despite the better-than-expected Q1/12 report ($319M of revs vs. our $311M estimate and $142.6M of EBITDA vs. our $135.7M). Despite the relative near-term strength in the business, we continue to believe the incremental competitive pressures in the business combined with recent management changes (CEO announced departure last night) should cause investors to exercise caution."
For an analyst ratings summary and ratings history on Akamai Technologies click here. For more ratings news on Akamai Technologies click here.
Shares of Akamai Technologies closed at $38.75 yesterday, with a 52 week range of $18.25-$41.25.
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Analyst, Greg Miller, said, "We continue to rate Akamai with a HOLD despite the better-than-expected Q1/12 report ($319M of revs vs. our $311M estimate and $142.6M of EBITDA vs. our $135.7M). Despite the relative near-term strength in the business, we continue to believe the incremental competitive pressures in the business combined with recent management changes (CEO announced departure last night) should cause investors to exercise caution."
For an analyst ratings summary and ratings history on Akamai Technologies click here. For more ratings news on Akamai Technologies click here.
Shares of Akamai Technologies closed at $38.75 yesterday, with a 52 week range of $18.25-$41.25.
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