Akamai Reports Second Quarter 2016 Financial Results

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Go back to Akamai Reports Second Quarter 2016 Financial Results

KeyBanc/Pacific Crest Downgrades Akamai Technologies (AKAM) to Sector Weight

July 27, 2016 6:58 AM EDT

KeyBanc/Pacific Crest downgraded Akamai Technologies (NASDAQ: AKAM) from Overweight to Sector Weight and removed its price target. Analyst Michael Bowen highlighted DIY pressure and lack of OTT visibility.

"We are downgrading AKAM to Sector Weight after the company lowered... More

Akamai Technologies (AKAM) Reports In-Line Q2 EPS

July 26, 2016 4:03 PM EDT

Akamai Technologies (NASDAQ: AKAM) reported Q2 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $572 million versus the consensus estimate of $574.86 million.

"The second quarter was another solid quarter for Akamai, with strong year-over-year earnings growth... More