Jefferies Starts Akamai Technologies (AKAM) at Underperform

Jefferies initiates coverage on Akamai Technologies (NASDAQ: AKAM) with a Underperform. PT $18.00.

The firm states, "The company faces a tricky trade-off in managing the continual, and somewhat required, reinvestments in its declining return content delivery business and the potential for additional reinvestment needs within its faster growth application solutions business. Recent estimate resets mitigate the near term risk. However, our longer-term profit concerns remain."

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

Shares of Akamai Technologies closed at $22.62 yesterday.

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