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Fly News Breaks for February 8, 2018
AKAM
Feb 8, 2018 | 08:42 EDT
MKM Partners analyst Rob Sanderson raised his price target on Akamai to $84 after a "solid beat and raise" Q4, noting the upside in Cloud Security and Web Performance products growth. Sanderson anticipates the investment in Enterprise Security products ramping this year and starting to contribute meaningfully by 2019. The analyst also points to the company's 5% headcount reduction, cost restructuring, and above-consensus Q1 margin outlook, keeping his Buy rating on Akamai.
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