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Stock Market & Financial Investment News

News Breaks
June 2, 2014
18:27 EDTLLNW, AKAMLimelight Networks confirms favorable Supreme Court ruling in patent case
Limelight Networks announced that the Supreme Court of the United States has issued an opinion in case No. 12-786, holding that Limelight Networks is not liable for inducing infringement. Details of the opinion are available here. In the opinion by Justice Samuel Alito, the court reversed an August 2012 ruling by a divided U.S. Court of Appeals for the Federal Circuit that held that there could be liability for induced infringement in cases when no party directly infringed a patent claim. The original lawsuit was filed in 2006. Many companies, organizations, and individuals have filed amicus briefs with the high court on Limelight’s behalf. “We are pleased with the Supreme Court’s unanimous decision,” stated Bob Lento, Limelight’s CEO. “By promoting clear rules governing liability for patent infringement, the Supreme Court’s decision is a win not only for Limelight, but also for innovators throughout the country. We appreciate the support received from so many others, and look forward to full resolution. As always, we remain focused on building our business with innovative offerings, and on providing our customers with the highest quality of service.”
News For LLNW;AKAM From The Last 14 Days
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July 29, 2014
08:46 EDTAKAMAkamai expect a beat and raise quarter, says MKM Partners
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08:29 EDTAKAMAkamai should report stronger than expected Q2 results, says Pacific Crest
Pacific Crest expects Akamai's Q2 results and Q3 guidance to beat expectations, driven by accelerating traffic trends. The firm keeps a $65 price target and Outperform rating on the shares.
06:44 EDTAKAMMicrosoft, Akamai and JVP to work together in cybersecurity accelerator
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July 28, 2014
07:50 EDTAKAMAkamai Q2 results should show continued momentum, says Canaccord
Canaccord expects Q2 earnings from Akamai to show its continued business momentum, citing robust growth of internet traffic across most verticals and the renewed contract with its largest customer. The firm is more cautious on margins, even though the company has exceeded its own margin guidance for the past five quarters. Canaccord has a Buy rating with a $68 price target on the stock.
July 24, 2014
13:16 EDTAKAM, LLNWAkamai 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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