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Fly News Breaks for May 1, 2018
AKAM
May 1, 2018 | 12:33 EDT
FBN Securities analyst Shebly Seyrafi raised his price target on Akamai to $80 after the company's continued strong Cloud Security growth and accelerating CDN and other revenue growth lead to revenue and EPS beating expectations in Q1. Higher media traffic volumes than the company expected were driven by robust traffic from video delivery and gaming customers as well as strong traffic from several sports events, he noted. Seyrafi maintains an Outperform rating on Akamai.
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