AKAMAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS

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Akamai Technologies (AKAM) PT Lowered to $92 at RBC Capital

May 10, 2024 6:23 AM EDT

RBC Capital analyst Mark Mahaney lowered the price target on Akamai Technologies (NASDAQ: AKAM) to $92.00 (from $115.00) while maintaining a Sector Perform rating.

The analyst comments "Akamai reported results below consensus and lowered guidance, leading shares down 11% after-hours. On one hand, a broad-based slowdown... More

Akamai Technologies (AKAM) PT Lowered to $115 at DA Davidson

May 10, 2024 5:14 AM EDT

DA Davidson analyst Rudy Kessinger lowered the price target on Akamai Technologies (NASDAQ: AKAM) to $115.00 (from $125.00) while maintaining a Buy rating.

The analyst comments "Security & Compute showed strong Q1 upside while Delivery was well below. Compute is now... More

Akamai Technologies (AKAM) PT Lowered to $105 at Evercore ISI

May 10, 2024 5:13 AM EDT

Evercore ISI analyst Amit Daryanani lowered the price target on Akamai Technologies (NASDAQ: AKAM) to $105.00 (from $115.00) while maintaining a Outperform rating.

The analyst comments "AKAM reported a modest miss on the top line but a 3c beat on the bottom line in the Mar-qtr with a rev/EPS print of $987M/$1.64 vs. street at $989M/$1.61. Overall growth came in at +7.8% y/y driven by standout quarters in compute and security... More