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Fly News Breaks for October 29, 2019
AKAM
Oct 29, 2019 | 08:41 EDT
Morgan Stanley analyst Keith Weiss noted that Akamai's cloud security growth exceeded expectations in Q3 while the company's customer churn hit a five-year low. The analyst, who believes stronger Media growth and 30% operating margins can allow the company to sustain double-digit EPS growth through fiscal 2020, keeps an Overweight rating on Akamai shares and raised his price target on the stock to $103 from $96.