Akamai Reports Third Quarter 2015 Financial Results
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Deutsche Bank Remains in Bull Camp on Akamai (AKAM)
October 28, 2015 8:53 AM EDTDeutsche Bank maintained a Buy rating on Akamai Technologies (NASDAQ: AKAM) with a price target of $80. Shares declined after it reported Q3 results and weak Q4 guidance.
"The Q4 guide: $557M-577M / 60-64c disappointed versus consensus: $596.7M / 66c, the weakness driven mainly by anticipated revenue declines at 3 major media customers (tough Y/Y comps and Do It Yourself initiatives around Software Downloads, etc). We... More
Craig-Hallum Downgrades Akamai Technologies (AKAM) to Hold
October 28, 2015 7:54 AM EDTCraig-Hallum downgraded Akamai Technologies (NASDAQ: AKAM) from Buy to Hold.
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 $75.55 yesterday.
... MoreJPMorgan Downgrades Akamai Technologies (AKAM) to Neutral
October 28, 2015 6:44 AM EDTJPMorgan downgraded Akamai Technologies (NASDAQ: AKAM) from Overweight to Neutral with a price target of $65.00 (from $75.00).
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 $75.55 yesterday.
... MoreCowen Downgrades Akamai Technologies (AKAM) to Market Perform; Lack of Visibility/Catalysts
October 28, 2015 6:26 AM EDTCowen downgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Market Perform with a price target of $70.00 (from $75.00), citing lack of visibility and catalyst following Q3 results and weak guidance.
Analyst Colby Synesael commented, "AKAM reported in-line 3Q15 results/provided 4Q15 guidance... More
Akamai Technologies (AKAM) Tops Q3 EPS by 4c
October 27, 2015 4:13 PM EDTAkamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $0.62, $0.04 better than the analyst estimate of $0.58. Revenue for the quarter came in at $551 million versus the consensus estimate of $550.29 million.
"The third quarter was another solid quarter for Akamai on both the top and bottom... More
