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Fly News Breaks for October 30, 2018
AKAM
Oct 30, 2018 | 08:37 EDT
Credit Suisse analyst Brad Zelnick lowered his price target for Akamai to $77 from $84 and reiterated a Neutral rating on the shares. The analyst notes that the company reported Q3 results ahead of guidance on both revenue and operating margins. Very strong Cloud Security performance drove the success, while the remaining business decelerated, he adds.