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 Send to email | Akamai Jumps After Investor Day (AKAM) in AKAM |  By Alley In
el 21-Nov-2008 |  Tech stocks have all taken a dive this fall, but Akamai's shares have taken a particular beating -- down 75% since May. Why? Investors have worried about slower growth in the Web content delivery business, price wars, etc.
But Akamai (AKAM) must have said good things at its investor summit in Boston yesterday: Shares jumped 11% today -- and were even up substantially before the market's late-afternoon rally. Some notes from analysts:
- "We believe they can grow revenue and EPS by at least 10% through 2010, making the shares incredibly cheap here," said Jefferies' Katherine Egbert.
- FBR's David Hilal says Akamai's application acceleration services are "promising" and that it's at the "early stages of adoption."
- But he expects Akamai's customers to adopt fewer add-on services during the downturn.
- So while reiterating his "market perform" rating, he lowered his 2009 revenue and EPS estimates. He now expects Akamai to post sales of $859 million next year, below consensus -- and his previous estimate -- of $890 million.
See Also:
Akamai Trims 7% Of Workforce
Amazon's CDN Won't Hurt Akamai Or Limelight -- Not Yet, At Least
Akamai Beats Q3, Guidance Weak, Stock Jumps
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| Akamai Jumps After Investor Day (AKAM) | | Tech stocks have all taken a dive this fall, but Akamai's shares have taken a particular beating -- down 75% since May. Why? Investors have worried about slower growth in the Web content delivery business, price wars, etc.
Bu [..] Read complete article | | Published 21-Nov-2008 by Alley In in AKAM
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| Investor tror på Tre | | Trots att Tre gjorde en förlust på 108 miljoner kronor under första kvartalet tror Investor på ett bra år för Tre. Investor är övertygat om att Tre når break-even på månadsbasis under året. [..] Read complete article | | Published 16-Apr-2008 by Nerdblog in General
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| Akamai-Limelight Patent War Could Drag On 'Til 2010, No Bailout Imminent: Analyst | | The patent war between content delivery networks Akamai Technologies (AKAM) and Limelight Networks (LLNW) could drag on for years, FBR analyst David Hilal warns. And don't expect Akamai to bail Limelight out with a last-second acquisition any time soon, he says.
Earlier this year, a jury found Limelight guilty of infringing a patent owned by MIT, licensed exclusively to Limelight's large [..] Read complete article | | Published 10-Apr-2008 by Silicon in AKAMLLNWLVLTMSFTAMZN
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