Akamai plunges after earnings report, first look at levels The stock has stabilized at the $35 area following its earnings report. This is down from the regular session close of $41.58. At the current price of $34.82, next support would be at $34.09, a pivot low from late last year. Resistance is at $35.84.
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.