Tag Archives: akam

Akamai Like Apple and Google, But UBS Cuts Estimates

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

Akamai Analyst Day: Security Outlook Bright

Akamai Technologies’ (AKAM) push into security is getting a thumbs up from analysts following its investor day on Tuesday, where the company left its Q1 guidance unchanged and repeated its forecast for upper-teens revenue growth to $5 billion by 2020. It posted revenue of just under $2 billion last year. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network (CDN) services to media and entertainment companies. Its global

Akamai Spikes Post-Q4 Earnings; Amazon Interested?

Akamai Technologies’ (AKAM) rising market valuation won’t get in the way of a company — with one big possibility Amazon.com — taking a run at the Internet technology provider, says an Oppenheimer analyst. Shares of Akamai Technologies have spiked nearly 15% since the company reported Q4 earnings and revenue that topped consensus estimates on Feb. 10. Cambridge, Mass.-based Akamai’s market valuation topped $12.5 billion as of Wednesday’s market