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Tigress Analyst Weighs In On Rumor Of AT&T Taking Interest In Akamai

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Rumors of Akamai Technologies (NASDAQ: AKAM) being a potential buyout target by AT&T (NYSE: T) have yet to be confirmed.

Tigress Financial Partners analyst Ivan Feinseth told Benzinga that he could not comment on the deal, but added that his firm believes that Akamai is an appealing buyout target for a list of tech names, including Google, Verizon Communications and AT&T.

In a research report released March 31, 2014, Tigress reiterated a Strong Buy on Akamai. Feinseth favors the demand for the company's cloud-based security solutions continuing to grow and its content delivery showing strong performance in its core business.

Shares of Akamai are up 1.85 percent; shares of AT&T are mostly flat.

Latest Ratings for AKAM

DateFirmActionFromTo
Jul 2017Morgan StanleyMaintainsUnderweight
May 2017NomuraInitiates Coverage OnNeutral
May 2017BairdDowngradesOutperformNeutral

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Posted-In: Ivan Feinseth Tigress Financial PartnersNews Rumors Reiteration Analyst Ratings

 

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