RightNow Blows Up as Akamai Implodes

RightNow Technologies Inc. RNOW is blowing up this morning, trading more than 14% higher following yesterday's Q2 EPS report of $0.15 vs. $0.12. Bank of America responded to the news by raising its Price Objective on the stock from $17 to $27. Jefferies was not as impressed, instead choosing to lower its PT by $1 to $32. But this isn't the first time Jefferies lowered its PT on the company. Last week, Jefferies knocked $2 off RightNow's price target. RightNow, which specializes in customer relationship management, has been doing quite well this year. The same cannot be said for Akamai Technologies AKAM, a content delivery network. The company is trading down more than 15% this morning. The firm reported a Q2 EPS of $0.35 vs. $0.36 – hardly a number to complain about, as recognized by Oppenheimer, which announced that it ismaintaining its Perform rating. Piper Jaffray, however, decided it was time to downgrade Akamai from Overweight to Neutral while reducing its PT from an astonishing $45 to just $26. Similarly, Citi dropped its PT from $40 to $27 while maintaining its Hold rating on the stock. On the smaller end of the spectrum is LivePerson LPSN, a company that focuses on online marketing and web analytics. The firm hit a new 52-week high back in April, and is currently trading up roughly 1.43% today. LivePerson is expected to announce its second quarter results on Wednesday, August 3, 2011. Meanwhile, Salesforce.com CRM is trading up a few pennies. Just days ago, Longbow initiated coverage of the stock at Neutral, immediately following the Salesforce's new 52-week high. The company is expected to report its Q2 results during the week of August 17, 2011. Follow me @LouisBedigian