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Fly News Breaks for January 9, 2019
AKAM
Jan 9, 2019 | 07:58 EDT
As previously reported, KeyBanc analyst Brandon Nispel upgraded Akamai to Overweight from Sector Weight, with a $73 price target. His data tracker suggests upside to Q4 revenue, decreasing the risk to a Q1 and 2019 guide below expectations. Further, the analyst believes consensus 2019 margin expectations are too low given potential cost-saving initiatives. While Nispel has long-term competitive concerns, he believes a guidance miss is priced in at current levels and risk/reward appears favorable.
News For AKAM From the Last 2 Days
