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Fly News Breaks for October 30, 2018
AKAM
Oct 30, 2018 | 07:08 EDT
SunTrust analyst Greg Miller upgraded Akamai to Buy from Hold and raised his price target to $82 from $78 after its Q3 earnings beat and raised FY18 guidance. The analyst notes that the Media and Carrier division, along with the company's cloud security solutions business, were especially strong. Miller also cites the management's bullish margin guidance, the "considerable" stock price pullback, and a renewed buyback authorization in limiting Akamai's downside risk.
News For AKAM From the Last 2 Days
