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Akamai Technologies, Inc. (AKAM) [hlAlert]

Rating:
Hold AKAM

Akamai Technologies, Inc. (AKAM) downgraded to Hold by Maxim Group

Posted on: Monday,  Mar 15, 2010  9:25 AM ET by Maxim Group

Maxim Group rated Hold Akamai Technologies, Inc. (NASDAQ: AKAM) on 03/15/2010. Previously Maxim Group rated Buy Akamai
Technologies, Inc. (NASDAQ: AKAM) on 07/30/2009., when the stock price was $16.30. Since then, Akamai Technologies, Inc. has gained 92.94% of its value until Maxim Group rated AKAM Buy on 03/15/2010, when the price was $31.45. .

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/15/2013 8:25 AM Buy
None
35.35 44.00
as of 12/31/2010
1 Week up  1.72 %
1 Month down  -6.24 %
3 Months down  -6.12 %
1 YTD up  17.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2011 8:25 AM Hold
None
40.75
12/10/2010 9:25 AM Buy
None
52.12 62.00
11/17/2010 9:25 AM Buy
None
47.04 55.00
3/15/2010 9:25 AM Hold
None
31.45
7/30/2009 12:25 PM Buy
None
16.30 30.00

(*) Stock Price at the time of the recommendation.
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