Akamai Announces Evolution to Organizational Structure

FBR Capital Reiterates Underperform as Akamai Technologies' (AKAM) Weak Guide is Driven by Aggressive Pricing and Revenue Declines

FBR Capital reiterated an Underperform rating on Akamai Technologies (NASDAQ: AKAM), and cut the price target to $42.00 (from $49.00), following the company's 4Q earnings report. Fourth-quarter revenues were $579.2M, versus consensus of $569.0M. Adjusted EPS of $0.72 benefited from $0.06 in federal R&D tax credit reinstatement, versus consensus of $0.62. Guidance for 1Q16 was modestly higher than current consensus estimates. Revenue guidance was announced at $554M to $570M versus consensus of $567.9M. EPS guidance... More

B. Riley Upgrades Akamai Technologies (AKAM) to Buy

B. Riley upgraded Akamai Technologies (NASDAQ: AKAM) from Neutral to Buy with a price target of $60.00.

For an analyst ratings summary and ratings history on Akamai Technologies click here. For more ratings news on Akamai Technologies click here.

Shares of Akamai Technologies closed at $39.57 yesterday.

Akamai Technologies (AKAM) Offers Q1 Outlook

Akamai Technologies (NASDAQ: AKAM) sees Q1 adjusted EPS of $0.61 - $0.64 and revenue of $554 - $570 million with the consensus at EPS of $0.62 and revenue of $569.9 million.

Akamai Technologies (AKAM) Tops Q4 EPS by 10c; New $1B Stock Buyback Approved

Akamai Technologies (NASDAQ: AKAM) reported Q4 EPS of $0.72, $0.10 better than the analyst estimate of $0.62. Revenue for the quarter came in at $579 million versus the consensus estimate of $560.72 million.

The Company also announces today that its Board of Directors has authorized a new $1 billion share repurchase program, effective from February 9, 2016 through December 31, 2018. The Company's goal for this... More