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Stock Market & Financial Investment News

News Breaks
March 25, 2014
06:04 EDTAKAM, TEFAkamai, Telefonica enter into global content delivery alliance
Akamai Technologies, Inc. (AKAM) and Telefonica Global Solutions, the global service provider part of Telefonica (TEF), announced a strategic global alliance to deliver Akamai's suite of content delivery network, or CDN, solutions to Telefonica enterprise customers. To further enhance its CDN business, Telefonica Global Solutions is combining Akamai's content delivery platform with its own global IP network to deliver a suite of global CDN and telecom solutions to enterprises. The strategic alliance will initially focus efforts in Spain and Latin America with plans to expand globally. In addition, the companies have formed an innovation steering committee to identify areas of product development and future opportunities, particularly in the fields of media optimization and mobile technologies. As part of the multi-year agreement, Akamai and Telefonica plan to dedicate shared resources across technical support, customer care, marketing and professional services with a goal of providing the best end-user experience.
News For AKAM;TEF From The Last 14 Days
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July 28, 2014
07:50 EDTAKAMAkamai Q2 results should show continued momentum, says Canaccord
Canaccord expects Q2 earnings from Akamai to show its continued business momentum, citing robust growth of internet traffic across most verticals and the renewed contract with its largest customer. The firm is more cautious on margins, even though the company has exceeded its own margin guidance for the past five quarters. Canaccord has a Buy rating with a $68 price target on the stock.
July 24, 2014
13:16 EDTAKAMAkamai advances following Macquarie upgrade
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10:03 EDTAKAMOn The Fly: Analyst Upgrade Summary
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07:58 EDTAKAMAkamai upgraded to Outperform from Neutral at Macquarie
Macquarie upgraded Akamai to Outperform based on revised 2H consensus margin forecasts and meetings with CDN competitors. The upgrade is not a call on the Q2 report but a longer-term call that media delivery revenue growth could grow in the mid-teens for the next few years driven by increased volumes from HD sporting and other content. Price target raised to $70 from $59.
July 18, 2014
07:10 EDTTEFTelefonica smaller Telecom Italia share could cut Brazil worries, Reuters says
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July 16, 2014
12:50 EDTTEFTelefonica approves sale of bonds exchangeable into Telecom Italia shares
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July 14, 2014
14:58 EDTTEFKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link

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