Credit Suisse Lowers 2015 Estimates For Akamai Technologies

In a report published Monday, Credit Suisse analyst Philip Winslow reiterated a Neutral rating and $52.50 price target on

. In the report, Credit Suisse noted, "Akamai is scheduled to report fourth quarter results on February 10th after the market close. Although management's guidance of 18-23% revenue growth for the December quarter reflected a healthy conservatism given the strong seasonality in the media business and e-commerce traffic, the company also experienced some foreign exchange headwinds in the quarter as Euro declined 5.4% year-over-year versus the dollar in Q4. As a result, we are revising our Q4 estimates from $531.8 million in revenue and EPS of $0.65 to $528.1 million in revenue and EPS of $0.64." Akamai Technologies closed on Friday at $61.17.