Thursday, September 20, 2007

Analysts Finally Figuring out Akamai Technologies

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Seems the analysts are coming around to the view I outlined about Akamai Technologies (AKAM) over the past few weeks - stay away.

"Shares of Akamai Technologies fell $1, or 3.1 percent, to $31.26, after Kaufman Brothers analyst Sameet Sinha downgraded the software maker to "Sell," from "Hold," and slashed the price target on the stock to $25 from $33.

"Our call is based on intensifying price competition among existing players and new entrants, which we believe puts pressure on bursting revenues at Akamai," Sinha wrote in a note to clients."

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