Akamai Technologies (AKAM) Q4 EPS Guidance Tops Views

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Akamai Technologies (AKAM) PT Raised to $77 at RBC Capital

October 30, 2018 6:51 AM EDT

RBC Capital analyst Mark Mahaney raised the price target on Akamai Technologies (NASDAQ: AKAM) to $77.00 (from $73.00) while maintaining a Sector Perform rating.

Mahaney notes management believes it has yet to see any YAAKs (Yet Another Akamai Killer) take significant market share.

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Akamai Technologies (AKAM) Tops Q3 EPS by 11c

October 29, 2018 4:03 PM EDT

Akamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $0.94, $0.11 better than the analyst estimate of $0.83. Revenue for the quarter came in at $670 million versus the consensus estimate of $664.17 million.

"We are very pleased with our excellent results in the third quarter, which includes 37%... More