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Fly News Breaks for July 26, 2017
AKAM
Jul 26, 2017 | 07:23 EDT
Oppenheimer analyst Timothy Horan lowered his price target for Akamai to $60 from $70 after the company reported in-line Q2 results and guidance slightly below his estimates. The analyst believes pricing headwinds due to competition and DIY will continue to pressure margins over the next 6-9 months. He reiterates an Outperform rating on the shares.
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