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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 3, 2015
11:12 EDTAKAMLevel 3 bounceback aided by second bullish note in two days
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August 31, 2015
07:01 EDTAKAMAkamai a pure play on over-the-top TV theme, says Deutsche Bank
Deutsche Bank analyst Vijay Bhagavath recommends Akamai as a pure play on the TV over-the-top theme. He views Internet video traffic from OTT as a $500M-plus a year opportunity for the company and raised his price target for shares to $80 from $77. He thinks Akamai's Media Delivery business can grow high teens versus the consensus view of mid-teens and keeps a Buy rating on the name.
August 28, 2015
10:02 EDTAKAMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
09:25 EDTAKAMAkamai upgraded on catalysts, valuation at JMP Securities
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06:22 EDTAKAMAkamai upgraded to Outperform from Market Perform at JMP Securities
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August 24, 2015
08:14 EDTAKAMAkamai management to meet with Oppenheimer
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