Citi Upgrades Akamai Technologies (AKAM) to Buy; Strong Q1 Results & And A 4 Point Future
AKAM Hot Sheet
Rating Summary:16 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Citi upgrades Akamai Technologies Inc (Nasdaq: AKAM) from Hold to Buy. PT increased from $32 to $44.
Citi analyst says, "Could Things Really Get Better For A Stock Up 42% YTD?... — ...Including up 8% in the aftermarket? Yes, given a 4 Point Future. 1) What we thought would be a 2011 catalyst (HD Video adoption) has arrived earlier than expected and should help power AKAM’s fundamentals over the next two years; 2) AKAM has still not seen a macro/market recovery in its International markets, but this should appear over the next 2-4 quarters; 3) Video streaming (HD or not) is just now crashing into the mainstream given Netflix and Apple’s iPad (both of which are AKAM customers); and 4) AKAM will begin to anniversary aggressive pricing policies later in ’10, meaning year-exit revenue growth could be quite robust."
To see all the upgrades/downgrades on shares of AKAM, visit our Analyst Ratings page.
Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet, ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.
Citi analyst says, "Could Things Really Get Better For A Stock Up 42% YTD?... — ...Including up 8% in the aftermarket? Yes, given a 4 Point Future. 1) What we thought would be a 2011 catalyst (HD Video adoption) has arrived earlier than expected and should help power AKAM’s fundamentals over the next two years; 2) AKAM has still not seen a macro/market recovery in its International markets, but this should appear over the next 2-4 quarters; 3) Video streaming (HD or not) is just now crashing into the mainstream given Netflix and Apple’s iPad (both of which are AKAM customers); and 4) AKAM will begin to anniversary aggressive pricing policies later in ’10, meaning year-exit revenue growth could be quite robust."
To see all the upgrades/downgrades on shares of AKAM, visit our Analyst Ratings page.
Akamai Technologies, Inc. (Akamai) provides services for accelerating and improving the delivery of content and applications over the Internet, ranging from live and on-demand streaming video capabilities to conventional content on Websites, to tools that help people transact business and reach out to new and existing customers.
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