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With Media Trends Unlikely To Improve, Baird Downgrades Akamai
Friday, May 5, 2017 - 9:41am | 394Shares of Akamai Technologies, Inc. (NASDAQ: AKAM) were hard hit in reaction to the company reported its first-quarter report and guided its second-quarter outlook below expectations. Despite the decline, analysts at Baird Equity Research aren't recommending investors buy on the dip. In fact, Baird...
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Markets Rally On Fed Minutes, Alcoa Kicks Off Earnings Season With Strong Beat
Wednesday, October 8, 2014 - 5:14pm | 2148U.S. stocks rallied after the 2:00 PM release of the Fed's September minutes, which revealed that committee members continue to debate over the timing and language of a rate hike. Several officials questioned their guidance if short-term rates were likely to stay low for a “...
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Google: 'We Don't Charge For Peering Or Fast Lanes'
Friday, May 23, 2014 - 11:37am | 667Google (NASDAQ: GOOG) just made itself both a leader and a “good guy” in the ongoing debate over net neutrality, including fast lanes and the practice of charging for peering. In a blog post Wednesday the company said it did not charge a fee for either one on its Google Fiber networks. In the...
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Three Alternatives to Sears (AKAM, FISV, KLAC)
Thursday, August 30, 2012 - 5:24pm | 763Sears Holding (NASDAQ: SHLD) is to be booted from the S&P 500 because it no longer considered representative of the index, according to Standard & Poor's. That is, Sears has too few shares available for trading to be representative of one of the world's top 500 companies. For investors who...
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Can a New CEO Save The New York Times?
Monday, June 25, 2012 - 1:48pm | 368The New York Times (NYSE: NYT) is reportedly searching for a "tech-savvy" chief executive to steer the company toward profitability. According to Bloomberg, three prominent names were discussed as possible hires. They include Mark Thompson, the director-general of the BBC; Paul Sagan, the CEO of...
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RightNow Blows Up as Akamai Implodes
Thursday, July 28, 2011 - 11:36am | 450RightNow Technologies Inc. (NASDAQ: RNOW) is blowing up this morning, trading more than 14% higher following yesterday's Q2 EPS report of $0.15 vs. $0.12. Bank of America responded to the news by raising its Price Objective on the stock from $17 to $27. Jefferies was not as impressed, instead...
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Jefferies Raises Akamai PT From $45 To $60
Tuesday, December 7, 2010 - 8:58am | 71Jefferies & Company is raising its Akamai Technologies, Inc. (NASDAQ: AKAM) PT from $45 to $60. Jefferies is also raising its EPS estimates. “Our new Q4:10 revenue/EPS estimate is $285mm/39c vs $280mm/38c previously. Guidance is $272-285mm/35-38c,” Jefferies writes. “The flow through from the...
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Piper Jaffray Raises Akamai PT From $49 To $54
Tuesday, December 7, 2010 - 8:55am | 70Piper Jaffray maintains its Neutral rating and is raising its Akamai Technologies, Inc. (NASDAQ: AKAM) PT from $49 to $54, using an increased multiple of 33x (vs. previous multiple of 30x) CY11E EPS. “The slight uptick in target multiple takes into account the increased visibility in results over...
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Netflix Goes Back To Level 3 and Limelight
Tuesday, November 9, 2010 - 9:35am | 192After Akamai (NASDAQ: AKAM) took Netflix's (NASDAQ: NYSE) business from Level 3 (NASDAQ: LVLT) earlier this year and became the primary CDN for Netflix, it appears that Netflix has chosen to return to Level 3 and Limelight, according to Seeking Alpha. Limelight announced last week that Netflix was...
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Citigroup Maintains Akamai Rating And PT Amid Q3 Report
Tuesday, October 26, 2010 - 10:06am | 127When Akamai Technologies, Inc. (NASDAQ: AKAM) reports its Q3 results on October 27, Citigroup will be looking for $250MM in revenue, $112MM in EBITDA, and $0.34 in normalized EPS, generally in-line with the Street at $250MM in revenue, $114MM in EBITDA, and $0.33 in normalized EPS. “Our 3-Part Time...
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Buy Rating Reiterated For AKAM
Tuesday, October 5, 2010 - 6:47am | 199Goldman Sachs has published a research report for Akamai Technologies Inc. (NASDAQ: AKAM) regarding the company's relationship with AT&T (NYSE: T) and competitor Cotendo. In the report, Goldman Sachs writes "StreamingMedia.com reported that Akamai competitor Cotendo has been in a reseller...