Craig-Hallum Downgrades Akamai Technologies (AKAM) to Hold
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FBR Capital Downgrades Akamai Technologies (AKAM) to Underperform
October 29, 2015 6:41 AM EDTFBR Capital downgraded Akamai Technologies (NASDAQ: AKAM) from Market Perform to Underperform with a price target of $49.00 (from $59.00), saying lower media traffic outlook to drive lower 2016 growth.
Analyst David Dixo commented, "Yesterday, following its 3Q15 earnings report, AKAM shares were down ~17% on a more muted media traffic outlook, which appears... More
Deutsche Bank Remains in Bull Camp on Akamai (AKAM)
October 28, 2015 8:53 AM EDTDeutsche Bank maintained a Buy rating on Akamai Technologies (NASDAQ: AKAM) with a price target of $80. Shares declined after it reported Q3 results and weak Q4 guidance.
"The Q4 guide: $557M-577M / 60-64c disappointed versus consensus: $596.7M / 66c, the weakness driven mainly by anticipated revenue declines at 3 major media customers (tough Y/Y comps and Do It Yourself initiatives around Software Downloads, etc). We... More
Cowen Downgrades Akamai Technologies (AKAM) to Market Perform; Lack of Visibility/Catalysts
October 28, 2015 6:26 AM EDTCowen downgraded Akamai Technologies (NASDAQ: AKAM) from Outperform to Market Perform with a price target of $70.00 (from $75.00), citing lack of visibility and catalyst following Q3 results and weak guidance.
Analyst Colby Synesael commented, "AKAM reported in-line 3Q15 results/provided 4Q15 guidance... More
Akamai Technologies (AKAM) Tops Q3 EPS by 4c
October 27, 2015 4:13 PM EDTAkamai Technologies (NASDAQ: AKAM) reported Q3 EPS of $0.62, $0.04 better than the analyst estimate of $0.58. Revenue for the quarter came in at $551 million versus the consensus estimate of $550.29 million.
"The third quarter was another solid quarter for Akamai on both the top and bottom... More
