Piper Jaffray Cuts Akamai (AKAM) to Neutral

An analyst at Piper Jaffray downgraded shares of Akamai Technologies (NASDAQ: AKAM) from Overweight to Neutral Thursday morning following very concerning Q2 results from the company last night. The firm slashed its price target from $45 to $26.

Shares of Akamai are down more than 19 percent to around $23.84 this morning.

For more ratings news on Akamai Technologies click here and for the rating history of Akamai Technologies click here.

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