Akamai breaks down below its 10-day moving average, levels to watch The shares have broken down below support at its 10-day moving average, with next support at the lows of the day, last at $34.10. Resistance is now at $35.07.
News For AKAM From The Last 14 Days
Check below for free stories on AKAM the last two weeks.
Akamai 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.
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.