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Fly News Breaks for October 28, 2015
AKAM
Oct 28, 2015 | 08:24 EDT
After Akamai reported in-line Q3 results but provided weaker than expected guidance, JMP Securities says that the company was hurt by DIY, or do it yourself initiatives at its three largest companies. However, JMP says that few companies have DIY capabilities, and it continues to expect Akamai to benefit from OTT growth. JMP cut its 2016 and 2017 EPS estimates slightly but keeps an $85 price target and Outperform rating on the shares.
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