Akamai Reports Third Quarter 2016 Financial Results
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Go back to Akamai Reports Third Quarter 2016 Financial Results
October 26, 2016 9:18 AM EDT
Stifel analyst Matthew Heinz raised his price target on Akamai Technologies (NASDAQ: AKAM) to $65.00 (from $58.00) and reiterated a Hold rating.
Heinz commented, "Total revenues were $584.1M (+6.0% y/y, +5.8% y/y CC), beating our estimate of $575.8M and consensus of $572.1M. Excluding revenue from the... More
October 26, 2016 7:44 AM EDT
RBC Capital reported a Sector Perform rating on Akamai Technologies (NASDAQ: AKAM), and raised the price target to $67.00 (from $59.00), following the company's 3Q earnings report. AKAM reported revenues of $584MM, above the Street's estimate $572MM. The beat was driven by stronger than expected results in... More
October 26, 2016 7:27 AM EDT
FBR Capital upgraded Akamai Technologies (NASDAQ: AKAM) from Underperform to Market Perform with a price target of $55.00.
Analyst David Dixon commented, "A surprising surge in the Performance and Securities Solutions segment more than offset an expected moderating decline in the Media Delivery Solutions business after tough comparables. Revenue contribution from the six... More
October 25, 2016 4:02 PM EDT
Akamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $0.68, $0.07 better than the analyst estimate of $0.61. Revenue for the quarter came in at $584.1 million versus the consensus estimate of $571.87 million.
For earnings history and earnings-related data on Akamai Technologies (AKAM) click here.
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