Morgan Stanley Feels More Positive on Akamai Technologies After Strong Q413 Results, Q114 Guidance

In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Akamai Technologies AKAM. In the report, Morgan Stanley noted, “AKAM posted strong Q413 results but the bigger surprise was Q114 guidance well above cons. as Performance rev. growth looks set to accelerate. We are incrementally more positive on the stock post results, and see increased potential for growth to accel. in CY14 as new sales capacity comes into the model sooner than we expected.” Akamai Technologies closed on Wednesday at $47.42.