UPDATE: D.A. Davidson Reiterates Buy Rating, Raises PT on Akamai Technologies Following Strong Q4 Report

In a report published Friday, D.A. Davidson analyst Mark Kelleher reiterated a Buy rating on Akamai Technologies AKAM, and raised the price target from $62.00 to $63.00. In the report, D.A. Davidson noted, “Akamai reported December quarter (Q4) revenues of $436 million and non-GAAP EPS of $0.55, well ahead of consensus estimates of $422.4 million and $0.52. Results exceeded the higher end of management's guidance.” Akamai Technologies closed on Thursday at $57.18.