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Stock Market & Financial Investment News

News Breaks
February 6, 2013
18:00 EDTAKAMAkamai 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
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July 24, 2014
13:16 EDTAKAMAkamai advances following Macquarie upgrade
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10:03 EDTAKAMOn The Fly: Analyst Upgrade Summary
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07:58 EDTAKAMAkamai 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.

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