Akamai should outperform the market, says Cowen Cowen said Akamai reported strong Q3 results citing its better than expected EBITDA margins, revenues, and expectations for a stronger e-commerce season. Shares are Outperform rated.
News For AKAM From The Last 14 Days
Check below for free stories on AKAM the last two weeks.
Akamai 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.