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- KeyBanc analyst Brandon Nispel downgraded Akamai Technologies Inc AKAM to Sector Weight from Overweight without a price target following the company's acquisition of GuardiCore.
- Dilution from the acquisition "details" the near-term view on the shares, Nispel notes.
- The thesis that Akamai would utilize its "significant" free cash flow position to return capital to shareholders is unlikely, Nispel says.
- He believes "better security growth at the expense of margins is a poor trade as investors are unlikely to pay a premium for inorganic growth."
- Also Read: Akamai To Acquire Guardicore For $600M To Beat Ransomware
- Price Action: AKAM shares closed higher by 0.85% at 105.48 on Friday.
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