Akamai Technologies (AKAM) Tops Q4 EPS by 10c; New $1B Stock Buyback Approved

UBS Sees Green Shoots at Akamai (AKAM)

UBS analyst, Steven Milunovich, sees signs of green shoots at Akamai (NASDAQ: AKAM) as new products offset slowing revenue from the company's top two customers. No change to Buy rating but the PT drops to $55 from $65.

Akamai slightly beat 4Q estimates excluding a lower tax rate. The security segment, now at a $300mn run rate, provided the upside with media and web performance in line. The highlight of comments was that the top two customersprobably Apple and Facebookwill decline from a typical... More

Craig-Hallum Upgrades Akamai Technologies (AKAM) to Buy

Craig-Hallum upgraded Akamai Technologies (NASDAQ: AKAM) from Hold to Buy with a price target of $53.00.

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.

FBR Capital Reiterates Underperform as Akamai Technologies' (AKAM) Weak Guide is Driven by Aggressive Pricing and Revenue Declines

FBR 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

B. 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.

Credit Suisse Assumes Akamai Technologies (AKAM) at Neutral

Credit Suisse assumes coverage on Akamai Technologies (NASDAQ: AKAM) with a Neutral rating and a price target of $45.00 (from $58.00).

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.

Akamai Technologies (AKAM) Offers Q1 Outlook

Akamai 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.