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News Breaks
February 5, 2013
13:41 EDTAKAMEarnings Preview: Analyst views differ on Akamai ahead of Q4 report
Akamai Technologies (AKAM) is expected to report Q4 earnings after the close on Tuesday, February 5, with a conference call scheduled for 4:30 pm ET. Akamai provides Internet content delivery and cloud infrastructure services... EXPECTATIONS: Analysts are looking for earnings per share of 50c on revenue of $381.32M. The consensus range is 48c-52c for EPS on revenue of $378.1M-$388.49M, according to First Call. During the quarter, the company backed its guidance for Q4 EPS of 48c-50c on revenue of $373M-$385M and said it was not updating that guidance as a result of its acquisition of Verivue, which it did not expect to materially impact results of operations in Q4... LAST QUARTER: Akamai reported Q3 EPS of 43c on revenue of $345M, which beat the consensus expectations at that time in October. Immediately following that report, Akamai shares were upgraded to Outperform at Oppenheimer, which put a $50 price target on the stock at that time, and to Buy at Canaccord, which raised its price target on shares to $45 from $37... RESEARCH AND NEWS: In a note to investors this morning, Canaccord Genuity analyst Greg Miller reiterated the firm's Buy rating on Akamai, citing the belief that demand drivers for its top-line growth remain "exceptionally strong." However, on January 4, research firm Pacific Crest said it believes Akamai's traffic growth slowed in December and maintained a Sector Perform rating on the shares. Early this month, a blog devoted to online video delivery technology, Streaming Media, reported that Akamai competitor Level 3 (LVLT) won a contract from Apple (AAPL) to deliver some software downloads in the U.S. and Europe. Following that report and related weakness in Akamai shares, the stock was defended by Wells Fargo and then B. Riley Caris, which contended that the company receives less than 1% of its revenues from Apple downloads... PRICE ACTION: Since the day after last quarter's report, shares of Akamai have advanced over 14%. In afternoon trading ahead of tonight's report, Akamai is trading near flat.
News For AKAM From The Last 14 Days
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September 9, 2014
20:00 EDTAKAMAkamai to benefit in Q3, Q4 from iOS 8 release, says JPMorgan
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September 5, 2014
10:39 EDTAKAMAkamai seen as 'Google of Internet infrastructure' by UBS
Shares of Akamai (AKAM) are advancing after UBS began coverage of the stock with a positive view, calling the company "the Google of Internet Infrastructure." Akamai provides infrastructure for delivering content over the Internet. WHAT'S NEW: UBS analyst Steven Milunovich initiated coverage of Akamai with a Buy rating in a note to investors today. Like Google (GOOG), Akamai relies on sophisticated algorithms, the analyst stated. Increased demand for Internet media delivery could cause the Internet content delivery sector to perform better than expected, Milunovich believes. Akamai's strong reliability is difficult to match, which should enable it to fend off competition in the space, according to the analyst. Moreover, Milunovich is upbeat on the company's new security and cloud initiatives. He set a $70 price target on the shares. OTHERS TO WATCH: Other companies in the Internet content delivery space include Limelight Networks (LLNW) and Level 3 (LVLT). PRICE ACTION: In mid-morning trading, Akamai rose nearly 1% to $60.91.
10:05 EDTAKAMOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Actavis (ACT) initiated with a Buy at ISI Group... Akamai (AKAM) initiated with a Buy at UBS... Alexion (ALXN) initiated with a Buy at SunTrust... Allegion (ALLE) initiated with a Buy at Buckingham... Allergan (AGN) initiated with a Buy at ISI Group... Aviat Networks (AVNW) initiated with a Neutral at H.C. Wainwright... Celgene (CELG) initiated with a Buy at SunTrust... EZCORP (EZPW) initiated with a Hold at Jefferies... Eaton (ETN) initiated with a Neutral at Buckingham... Emerson (EMR) initiated with a Neutral at Buckingham... HMS Holdings (HMSY) initiated with an Overweight at Stephens... Incyte (INCY) initiated with a Buy at SunTrust... Ingersoll-Rand (IR) initiated with a Neutral at Buckingham... Insmed (INSM) initiated with an Outperform at Cowen... Intercept (ICPT) initiated with an Outperform at Cowen... Johnson & Johnson (JNJ) initiated with an Outperform at BMO Capital... Lennox (LII) initiated with a Neutral at Buckingham... Mylan (MYL) initiated with a Hold at ISI Group... Orion Engineered Carbons (OEC) initiated with a Buy at Goldman... Parker-Hannifin (PH) initiated with a Buy at Buckingham... Pentair (PNR) initiated with a Neutral at Buckingham... Pharmacyclics (PCYC) initiated with a Neutral at SunTrust... Rockwell Automation (ROK) initiated with a Neutral at Buckingham... Sabre (SABR) initiated with an Outperform at Oppenheimer... Santander Consumer (SC) initiated with a Buy at Jefferies... Springleaf (LEAF) initiated with a Buy at Jefferies... Susser Petroleum (SUSP) initiated with a Neutral at Credit Suisse... Teva (TEVA) initiated with a Buy at ISI Group... Valeant (VRX) initiated with a Buy at ISI Group... WESCO (WCC) initiated with a Neutral at Buckingham... Watsco (WSO) initiated with a Neutral at Buckingham... Weyerhaeuser (WY) initiated with a Neutral at JPMorgan... World Acceptance (WRLD) initiated with a Hold at Jefferies.
05:49 EDTAKAMAkamai initiated with a Buy at UBS
UBS started shares of Akamai with a Buy rating, calling the company the "Google of internet infrastructure." The firm thinks Akamai will fend off CDN business competition through its network relationships and global platform. UBS set a $70 price target for the stock.

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