A week after Japan’s Black Monday moment re-introduced panic to the markets, Akamai (AKAM) may trend higher. Last Friday, the firm jumped by 10.9% after posting quarterly results.In Q2, Akamai earned $1.58 (non-GAAP) per share after revenue increased by 4.7% Y/Y to $980 million. Though its growth is not impressive, analysts remained positive. They maintained their price targets and outlook for the security firm. Demand for computing is also an upside driver for profit margins.After Moody’s Ratings downgraded Intel’s (INTC) debt, shares fell again below $20.00. Moody’s cut its rating for…
Author: maitken
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