Morgan Stanley Sees Strong Traffic Volumes Drive Q1 Beat For Akamai Technologies

In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “AKAM posted another beat and raise quarter as better volumes offset price declines in Media. Volatility in the volume business has been a challenge historically, but greater diversification seems to be driving more predictable results while secular growth trends are strong, and Q1 leaves us incrementally more positive on the stock.” Akamai Technologies closed on Thursday at $54.53.