Akamai's Analyst Day Focuses On Long-Term Growth

Oppenheimer has published a research report on Akamai Technologies (NASDAQ: AKAM) following the company's Analyst Day where long-term growth opportunities were the focus.

In the report, Oppenheimer writes "AKAM's analyst day focused on the inherent advantages of the firm's distributed network architecture and underlying trends driving long-term growth opportunities. Overall, the team broke little new ground for investors, with presentations predominantly discussing incremental improvements to the platform and progress achieving previously articulated goals/targets. Long term, growth will be levered to penetration of cloud solutions, mobile device proliferation, online video adoption, security, and data analytics. However, some investors appeared disappointed with the decision not to update guidance (as in the prior year's presentation). We remain positive on underlying secular growth drivers long term, but given elevated investor expectations and premium valuation, maintain our Perform rating."

Akamai Technologies closed yesterday at $52.50.