Pacific Crest Securities Believes Strength in Traffic Has Continued in Q1 for Akamai Technologies, Inc.

In a report published Monday, Pacific Crest Securities analyst Chad Bartley reiterated a Sector Perform rating on

. In the report, Pacific Crest Securities noted, "We believe traffic growth is accelerating slightly in Q1. This should drive results near the high end of guidance and above consensus. AKAM has been strong, but another good quarter likely keeps shares in the low $70s despite a premium multiple." Akamai Technologies, Inc. closed on Friday at $70.81.