Jefferies Maintains a 'Hold' on Akamai Technologies (AKAM); Raising Numbers After Strong Q4

Jefferies maintains a 'Hold' on Akamai Technologies (NASDAQ: AKAM) price target raised from $36 to $41.

Analyst, Aaron Schwartz, said, "AKAM reported strong F4Q results as the seasonally strong e-commerce and advertising areas outperformed while the company saw a re-acceleration in overall traffic volume. We had liked the stock due to the e-commerce seasonality and easy 1Q comps and believe secular trends including a shift to video streaming could provide a longer and greater than modeled tailwind in CY12."

Jefferies lowers FY12 EPS estimate from $1.68 to $1.61 and FY13 from $1.86 to $1.85.

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 $34.44 yesterday, with a 52 week range of $18.25-$49.38.

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