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Fly News Breaks for March 7, 2016
AKAM
Mar 7, 2016 | 14:21 EDT
Piper Jaffray analyst Michael Olson stated in research note following Akamai's analyst day that the company highlighted the growing demand for video over Internet, its opportunity in security, and its low international penetration, all of which make him optimistic about its near-term stability and long-term growth potential. Olson noted that the company maintained its Q1 EPS and revenue guidance and is "not backing off" of its goal to reach $5B in revenue by 2020. The analyst keeps an Overweight rating and $69 price target on Akamai shares.
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