Akamai Technologies (AKAM) Offers Q1 Outlook

UBS Sees Green Shoots at Akamai (AKAM)

February 10, 2016 9:49 AM EST

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

February 10, 2016 8:54 AM EST

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.

... More

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

February 10, 2016 7:11 AM EST

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

February 10, 2016 6:41 AM EST

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.

... More

Credit Suisse Assumes Akamai Technologies (AKAM) at Neutral

February 10, 2016 6:24 AM EST

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.

... More

Akamai beats revenue estimates; unveils $1 billion share buyback plan

February 9, 2016 4:27 PM EST

By Kshitiz Goliya

(Reuters) - Online content distributor Akamai Technologies Inc reported better-than-expected quarterly revenue, helped by higher demand for its security services, and announced a $1 billion share buyback program.

Akamai's shares rose 16 percent to $45.90 in after-hours trading on Tuesday.

The upbeat results soothed investors' nerves after a selloff in the broader tech sector in the past few days, which was triggered by disappointing sales outlook from LinkedIn Corp and Tableau Software.

"We had a good holiday shopping season. We had continued strong growth in our security business and that helped us to... More

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

February 9, 2016 4:03 PM EST

Akamai 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