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Stock Market & Financial Investment News

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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November 20, 2014
08:08 EDTAKAMAkamai Q4 results tracking ahead of consensus, says Pacific Crest
Pacific Crest believes that Akamai is poised to report stronger than expected Q4 results. The firm keeps a $65 price target and Outperform rating on the shares.
07:19 EDTAKAMUBS to hold a conference
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November 17, 2014
10:02 EDTAKAMOn The Fly: Analyst Initiation Summary
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06:41 EDTAKAMAkamai resumed with a Market Perform at JMP Securities
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November 14, 2014
14:12 EDTAKAMAkamai calls active
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11:27 EDTAKAMAkamai hits highs of day amid takeover speculation
The move higher in shares of Akamai (AKAM) is being attributed to takeover speculation. The suitor rumored to be interested is Alibaba (BABA). Shares of Akamai are at highs of the day, up 3% to $62.00.
November 11, 2014
12:09 EDTAKAMRackspace soars after Q3 results top estimates, $500M share buyback plan
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10:00 EDTAKAMOn The Fly: Analyst Initiation Summary
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07:15 EDTAKAMAkamai initiated with an Outperform at Macquarie
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November 10, 2014
10:30 EDTAKAMFireEye advances after JPMorgan adds to Focus List
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07:30 EDTAKAMFireEye added to Focus List, Akamai removed at JPMorgan
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November 7, 2014
07:42 EDTAKAMAkamai management to meet with UBS
Meeting to be held in London on November 7 hosted by UBS.
November 6, 2014
08:46 EDTAKAMAkamai management to meet with UBS
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