Concerns Rise Over Low Traffic From Akamai Technologies (AKAM) Top 3 Customers; Macquarie Cuts Price Target to $65
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Akamai (AKAM) Announces Acquisition of Bloxx
November 2, 2015 6:42 AM ESTAkamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises and their employees from Internet threats, in a cash transaction. The acquisition is expected to complement Akamai's cloud security strategy for protecting businesses against Internet vulnerabilities.
As enterprises and their employees increasingly leverage the Internet and adopt SaaS and cloud-based applications to run their business, a growing percentage of corporate network traffic and transactions... More
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
