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Fly News Breaks for August 1, 2018
AKAM
Aug 1, 2018 | 08:04 EDT
MKM Partners analyst Rob Sanderson kept his Buy rating and $91 price target on Akamai after its Q2 results, saying the pullback in the stock price from lower Q3 outlook may be a buying opportunity. Sanderson notes that the company's investment story remains intact with a lengthy opportunity for continued growth, also pointing to its operating expense efficiency, traction of new products, positive traffic trends, and stock buyback program.
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