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AKAM

Akamai

$88.22

-2.16 (-2.39%)

08:04
10/09/19
10/09
08:04
10/09/19
08:04

Akamai to acquire israel-based digital security company ChameleonX

Akamai Technologies has entered into an agreement to acquire ChameleonX, an Israel-based company with a solution to protect websites from a form of attack that entails credit card skimming and user credential theft via malicious or compromised third-party scripts. ChameleonX, headquartered in Tel Aviv, Israel, is a privately funded company. The acquisition is expected to close in Q4; Akamai anticipates no material impact to the company's financial results for 2019 or 2020.

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    Nov

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    Nov

  • 19

    Nov

AKAM Akamai
$88.22

-2.16 (-2.39%)

08/12/19
PIPR
08/12/19
NO CHANGE
Target $97
PIPR
Overweight
Akamai named top Networking 'recession' pick at Piper Jaffray
Piper Jaffray analyst James Fish says that with rising macro environment and recessionary concerns caused by global trade tensions, he wanted to highlight Akamai Technologies as his top Networking "recession" pick. The company's secular drivers can override a weakening macro and provide indirect consumer exposure, Fish tells investors in a research note. Further, Akamai has a lack of China exposure, adds the analyst. He keeps an Overweight rating on the shares with a $97 price target. Akamai's underlying market dynamics, especially due to over-the-top streaming, online gaming, and cloud security, will help its business hold up better than most in a downturn, says Fish.
09/18/19
KEYB
09/18/19
DOWNGRADE
KEYB
Sector Weight
Akamai downgraded to Sector Weight from Overweight at KeyBanc
09/19/19
09/19/19
DOWNGRADE

Sector Weight
Akamai downgraded to Sector Weight at KeyBanc as acceleration seems priced in
As previously reported, KeyBanc analyst Brandon Nispel downgraded Akamai to Sector Weight from Overweight based on his view that accelerating growth for CDN in 2020 is built into expectations and the stock's valuation. Cloud Security remains impressive, but M&A appears likely, which risks the positive margin expansion story for the entire business, he contends. With the stock trading near its three-year high EV/EBITDA multiple, Nispel would look for a more favorable risk/reward or further acceleration in growth before becoming more constructive.
09/19/19
09/19/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Costco (COST) downgraded to Underperform from Market Perform at Bernstein with analyst Brandon Fletcher saying "membership exhaustion" poses risks to the company's U.S. and international growth. 2. Bandwidth (BAND) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Meta Marshall saying the company is a good play on the growth of next-generation communications but its relative valuation versus peers "gives too much credit for platform depth." 3. Akamai (AKAM) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brandon Nispel saying the downgrade is based on his view that accelerating growth for CDN in 2020 is built into expectations and the stock's valuation. 4. Hilton Grand Vacations (HGV) downgraded to Neutral from Buy at Goldman Sachs with analyst Stephen Grambling saying while leveraged buyout internal rate of returns could be attractive to $40 per share or higher, other names in the Lodging space offer better risk-adjusted returns. 5. U.S. Steel (X) downgraded to Underperform from Outperform at Macquarie with analyst David Lipschitz saying he expects steel prices to stay weak and the company's cash flow to be under pressure in a weak pricing environment. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VRTX

Vertex

$183.73

7.49 (4.25%)

15:58
10/21/19
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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

15:42
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Periodicals
SoftBank near deal to take control of WeWork, CNBC reports »

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WE

We Company

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SFTBF

SoftBank

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FTR

Frontier Communications

$1.02

0.01 (1.00%)

15:38
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Hot Stocks
Frontier reports tentative agreement with CWA in Connecticut »

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  • 05

    Nov

LOGI

Logitech

$40.77

0.71 (1.77%)

15:34
10/21/19
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15:34
10/21/19
15:34
Options
Logitech options imply 8.8% move in share price post-earnings »

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PCG

PG&E

$8.07

0.3 (3.86%)

15:20
10/21/19
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15:20
Periodicals
San Jose would like to see PG&E become electric and gas cooperative, WSJ says »

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ZION

Zions Bancorp

$45.51

0.79 (1.77%)

15:19
10/21/19
10/21
15:19
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15:19
Options
Zions Bancorp options imply 4.0% move in share price post-earnings »

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  • 21

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
10/21/19
10/21
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

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PCG

PG&E

$8.06

0.29 (3.73%)

15:16
10/21/19
10/21
15:16
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15:16
Periodicals
San Jose proposes PG&E be customer-owned, likely to face opposition, WSJ says »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
10/21/19
10/21
15:16
10/21/19
15:16
Technical Analysis
NYSE market internals summary »

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COTY

Coty

$11.47

1.345 (13.29%)

15:06
10/21/19
10/21
15:06
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15:06
Recommendations
Coty analyst commentary  »

Coty price target raised…

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MCD

McDonald's

$210.35

1.87 (0.90%)

, UBER

Uber

$31.31

-0.73 (-2.28%)

15:05
10/21/19
10/21
15:05
10/21/19
15:05
Earnings
Fly Intel: What to watch in McDonald's earnings report »

McDonald's (MCD) is…

MCD

McDonald's

$210.35

1.87 (0.90%)

UBER

Uber

$31.31

-0.73 (-2.28%)

GRUB

GrubHub

$56.13

0.33 (0.59%)

BYND

Beyond Meat

$110.06

0.13 (0.12%)

03/08/13
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CDNS

Cadence Design

$66.25

0.65 (0.99%)

15:04
10/21/19
10/21
15:04
10/21/19
15:04
Options
Cadence Design options imply 7.9% move in share price post-earnings »

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TEVA

Teva

$8.12

0.62 (8.27%)

15:02
10/21/19
10/21
15:02
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15:02
Periodicals
Plaintiff attorneys say Teva settlement looks same as rejected bid, CNBC says »

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VRTX

Vertex

$176.97

0.73 (0.41%)

14:59
10/21/19
10/21
14:59
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14:59
Hot Stocks
Breaking Hot Stocks news story on Vertex »

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  • 19

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VRTX

Vertex

$177.18

0.94 (0.53%)

14:55
10/21/19
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FDA approves Vertex Pharmaceuticals' Trikafta for cystic fibrosis »

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  • 19

    Mar

ELY

Callaway Golf

$20.78

-0.01 (-0.05%)

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Callaway Golf announces multi-year partnership with Stephen Curry »

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  • 24

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LII

Lennox

$249.37

-3.84 (-1.52%)

14:49
10/21/19
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Lennox analyst commentary  »

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AMTD

TD Ameritrade

$37.72

0.93 (2.53%)

14:49
10/21/19
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14:49
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14:49
Options
TD Ameritrade options imply 8.6% move in share price post-earnings »

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  • 22

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NFLX

Netflix

$275.83

0.43 (0.16%)

14:45
10/21/19
10/21
14:45
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14:45
Periodicals
Netflix may begin crackdown on password sharing, NY Post says »

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  • 29

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BCE

BCE

$49.00

0.13 (0.27%)

, RCI

Rogers Communications

$50.41

0.68 (1.37%)

14:38
10/21/19
10/21
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10/21/19
14:38
Periodicals
CIB considered public utility to compete with Bell, Rogers, Telus, Logic says »

The Canada Infrastructure…

BCE

BCE

$49.00

0.13 (0.27%)

RCI

Rogers Communications

$50.41

0.68 (1.37%)

TU

Telus

$36.64

0.31 (0.85%)

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TER

Teradyne

$59.96

1.05 (1.78%)

14:35
10/21/19
10/21
14:35
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14:35
Options
Teradyne put volume heavy and directionally bearish »

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14:35
10/21/19
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14:35
10/21/19
14:35
General news
Treasury Action: supply kicks off Tuesday with the $40 B 2-year auction »

Treasury Action: supply…

I

Intelsat

$25.44

-1.03 (-3.89%)

14:32
10/21/19
10/21
14:32
10/21/19
14:32
Hot Stocks
Eutelsat tells FCC payment to Treasury shouldn't be over 50%, Bloomberg says »

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  • 29

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BA

Boeing

$329.63

-14.46 (-4.20%)

14:27
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14:27
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Periodicals
EASA sees Boeing 737 MAX being cleared in January 'at earliest,' Reuters says »

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  • 23

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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