Akamai Announces Evolution to Organizational Structure
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FBR Capital Reiterates Underperform as Akamai Technologies' (AKAM) Weak Guide is Driven by Aggressive Pricing and Revenue Declines
February 10, 2016 7:11 AM ESTFBR Capital reiterated an Underperform rating on Akamai Technologies (NASDAQ: AKAM), and cut the price target to $42.00 (from $49.00), following the company's 4Q earnings report. Fourth-quarter revenues were $579.2M, versus consensus of $569.0M. Adjusted EPS of $0.72 benefited from $0.06 in federal R&D tax credit reinstatement, versus consensus of $0.62. Guidance for 1Q16 was modestly higher than current consensus estimates. Revenue guidance was announced at $554M to $570M versus consensus of $567.9M. EPS guidance... More
B. Riley Upgrades Akamai Technologies (AKAM) to Buy
February 10, 2016 6:41 AM ESTB. Riley upgraded Akamai Technologies (NASDAQ: AKAM) from Neutral to Buy with a price target of $60.00.
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 $39.57 yesterday.
... MoreAkamai Technologies (AKAM) Offers Q1 Outlook
February 9, 2016 4:57 PM ESTAkamai Technologies (NASDAQ: AKAM) sees Q1 adjusted EPS of $0.61 - $0.64 and revenue of $554 - $570 million with the consensus at EPS of $0.62 and revenue of $569.9 million.
... MoreAkamai Technologies (AKAM) Tops Q4 EPS by 10c; New $1B Stock Buyback Approved
February 9, 2016 4:03 PM ESTAkamai Technologies (NASDAQ: AKAM) reported Q4 EPS of $0.72, $0.10 better than the analyst estimate of $0.62. Revenue for the quarter came in at $579 million versus the consensus estimate of $560.72 million.
The Company also announces today that its Board of Directors has authorized a new $1 billion share repurchase program, effective from February 9, 2016 through December 31, 2018. The Company's goal for this... More
