Jefferies Maintains a 'Hold' on Akamai Technologies (AKAM); Raising Numbers After Strong Q4
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Price: $110.42 +0.30%
Rating Summary:
18 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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