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Fly News Breaks for October 29, 2019
AKAM
Oct 29, 2019 | 14:16 EDT
FBN Securities analyst Shebly Seyrafi raised the price target on Akamai (AKAM) shares to $95 from $85 after the company reported strong cloud security growth, higher than expected video and software growth and did not see the traditional slowdown in traffic during the summer months as had been seen in the past. Seyrafi, who keeps an Outperform rating on Akamai shares, thinks the upcoming Apple TV+ (AAPL) and Disney+ (DIS) launches will help Akamai more meaningfully in FY20.