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UBS lowered its 2015 revenue and EPS estimates on Akamai Technologies (AKAM) on currency headwinds, but said the company combines elements of Apple and Google in maintaining its buy rating and 79 price target on the stock. About a quarter of Akamai’s revenue is international. Many tech firms with strong overseas sales have lowered outlooks as the euro and yen have weakened vs. the U.S. dollar. As a result, revenue that U.S. companies collect in Scalper1 News
Scalper1 News