Akamai to Join Internet2 to Simplify Higher Education's Access to Cloud Security Services
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FBR Capital Downgrades Akamai Technologies (AKAM) to Underperform
October 29, 2015 6:41 AM EDTFBR Capital downgraded Akamai Technologies (NASDAQ: AKAM) from Market Perform to Underperform with a price target of $49.00 (from $59.00), saying lower media traffic outlook to drive lower 2016 growth.
Analyst David Dixo commented, "Yesterday, following its 3Q15 earnings report, AKAM shares were down ~17% on a more muted media traffic outlook, which appears... More
