Akamai Reports Second Quarter 2017 Financial Results

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Go back to Akamai Reports Second Quarter 2017 Financial Results

Akamai Technologies (AKAM) PT Lowered to $60 at Oppenheimer Following 2Q Release

July 26, 2017 9:26 AM EDT

Oppenheimer lowered its price target on Akamai Technologies (NASDAQ: AKAM) to $60.00 (from $70.00) while maintaining a Outperform rating. AKAM reported 2Q revenue of $609M and EBITDA of $224M, both in line. EPS of $0.62 was also in line with estimates.

The company guided... More

Akamai Technologies (AKAM) PT Lowered to $54 at RBC Capital; Reiterates Sector Perform

July 26, 2017 8:04 AM EDT

RBC Capital lowered its price target on Akamai Technologies (NASDAQ: AKAM) to $54.00 (from $58.00) while maintaining a Sector Perform rating following the company's 2Q. Revenue of $609MM came in above the Street's estimates of $605, with upside coming from the Media Delivery segment.

Q3 Revenue and... More