Jefferies Raises Akamai PT From $45 To $60

Jefferies & Company is raising its Akamai Technologies, Inc.

PT from $45 to $60. Jefferies is also raising its EPS estimates. “Our new Q4:10 revenue/EPS estimate is $285mm/39c vs $280mm/38c previously. Guidance is $272-285mm/35-38c,” Jefferies writes. “The flow through from the expected Q4 upside leads us to increase our 2011 estimates to $1,194mm/$1.73 from $1,173mm/$1.68.” Akamai closed Monday at $52.91.