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Fly News Breaks for March 31, 2017
AKAM
Mar 31, 2017 | 06:32 EDT
Following yesterday's investor day, Deutsche Bank analyst Vijay Bhagavath says Akamai Technologies is in investment mode. Management's new "Interim Model" was a negative surprise to consensus expectations due to near-term margin pressures, Bhagavath tells investors in a research note. The analyst keeps a Buy rating on Akamai with an $80 price target, however, citing conviction in the company's FY18-plus growth story.
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