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Fly News Breaks for August 30, 2018
AKAM
Aug 30, 2018 | 08:36 EDT
MKM Partners analyst Rob Sanderson keeps his Buy rating and $91 price target on Akamai, saying he still sees it as a very good GARP, or "growth at a reasonable price", stock. The analyst cites the company's record of steady top line growth in spite of the volatility exposure in its Media segment, as its Cloud Security business serves as its "growth engine". Sanderson also states that Akamai has done an "excellent job" in developing/acquiring technology to leverage its network while also remaining committed to capital return to shareholders.
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