Market Overview

UPDATE: Jefferies Downgrades Akamai Technologies to Hold on Short Term Outlook

Share:
Related AKAM
Barron's Picks And Pans: Ctrip, Franklin Electric And More
Barron's: How To Play The Post-January Rebound
Apple May Push Into Corporate Cloud Computing Vs. Amazon, Microsoft (Investor's Business Daily)

Jefferies downgraded Akamai Technologies (NASDAQ: AKAM) from Buy to Hold and lowered the price target from $44.00 to $40.00.

Jefferies said, "AKAM plans to increase reinvestments well ahead of Street forecasts across both sales distribution and R&D. We had been concerned with the likely revenue growth deceleration in CY13 and now with a margin profile that is also likely to contract, we believe the shares will be range bound in the interim."

Akamai Technologies closed at $41.58 on Wednesday.

Latest Ratings for AKAM

DateFirmActionFromTo
Jan 2016KeyBancMaintainsOutperform
Jan 2016Pacific CrestMaintainsOutperform
Dec 2015Evercore ISIInitiates Coverage onBuy

View More Analyst Ratings for AKAM
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Downgrades Analyst Ratings

 

Related Articles (AKAM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters