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Fly News Breaks for October 30, 2018
AKAM
Oct 30, 2018 | 07:59 EDT
Cowen analyst Colby Synesael said Akamai reported strong Q3 results highlighted by an acceleration in Security growth and higher than anticipated profitability. He said the company's shift in strategy with a greater focus on profitability is playing out and he sees the shares as meaningfully undervalued at current levels. Synesael reiterated his Outperform rating and raised his price target to $86 from $85 on Akamai shares.
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