The payoff for Akamai Technologies’ (AKAM) hike in capital spending will come in “late 2015 and into 2016” when customers, presumably including Apple, launch Internet video services, says an analyst. The uncertain timing of Apple’s (AAPL) Web TV, or OTT, launch has been an overhang on Akamai’s stock. “As more OTT (over-the-top) offerings hit the market in late 2015 and into 2016, the revenue associated with this incremental traffic can allow
Worries that China’s economy is a house of cards amid a sharp slowdown in construction activity could push investors toward high-dividend-paying telecom stocks such as AT&T (T) and Verizon Communications (VZ), says research boutique MoffettNathanson. Many economists expect real GDP growth in China to slow further in 2015 and 2016, though a collapse of the Chinese economy still seems unlikely. In a move to boost exports, China devalued its
Workday (WDAY) stock managed to climb in early trading on Thursday despite a drastic drop in shares during off-hours sessions, after investors had a chance to digest the company’s guidance on future billing numbers. Though a slew of analysts lowered their price target on the company, Workday stock was trading up more than 3% from its Wednesday close, near 75 in early-afternoon trades. Workday, a maker of cloud-based enterprise software designed to