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.
Shutterfly names Gautam Srivastava as Chief Human Resources Officer Shutterfly (SFLY) announced it has appointed Gautam Srivastava as senior vice president and chief human resources officer. Srivastava will join the Shutterfly team on July 21. Srivastava brings many years of human resources and general operating experience to his position. Most recently he was SVP of Human Resources and Marketing for LSI Corp. (LSI), a designer of semiconductors for datacenter storage and networking.