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Fly News Breaks for February 10, 2016
AKAM
Feb 10, 2016 | 07:32 EDT
UBS noted Akamai posted slightly better than expected Q4 results but noted its top two customers are expected to see a decline in revenue contribution while growth at other media customers is expected to fill in the gap. As a result, guidance is lower but in line with expectations. UBS reiterated its Buy rating but lowered its price target to $55 from $65 on Akamai shares.
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