S&P Equity Research Picks Akamai Technologies Focus Stock of the Week
NEW YORK, Feb. 28, 2011 /PRNewswire/ -- Akamai Technologies (AKAM: $39) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. AKAM carries S&P's highest investment recommendation of 5-STARS, or Strong Buy. S&P Equity believes the company's proprietary solutions enable people to use the Internet at faster rates, with greater reliability, and with more notable security.
"As the Internet becomes even more pervasive and important, we think Akamai is poised to benefit from an increasing number of users and amount of usage across varied devices and locations," said Scott Kessler, Technology Analyst at Standard & Poor's Equity Research. "We also believe the company is well-positioned to capitalize on not only this secular growth, but also on a number of major global technology themes, such as cloud computing, digital security, and mobile platforms and applications. As a market leader, Akamai provides solutions focused on digital content and applications that are not easy to replicate."
Kessler observes that the company posted revenue growth of 19% in 2010, and he sees sustained annual increases for years to come. In light of considerable growth opportunities, Kessler says Akamai has been aggressively investing for growth via internal spending and acquisitions, which he thinks reflects the company's strong balance sheet and related flexibility.
To view a video of Mr. Kessler discussing AKAM, paste the following link into your browser.
About Standard & Poor's Equity Research Services
As one of the world's largest producers of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors. Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of equities across industries worldwide. Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.
Standard & Poor's keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Standard & Poor's may have information that is not available to other Standard & Poor's business units. Standard & Poor's has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Standard & Poor's does not trade for its own account. The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here.
For more information contact: |
|
Marc Eiger, Communications, Tel.: 212-438-1280 |
|
All information provided by Standard & Poor's is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only current as of the stated date of their issue. Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested. Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate. Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.
This material is based upon information that we consider to be reliable, but neither S&P nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. With respect to reports issued to clients in Japan and in the case of inconsistencies between the English and Japanese version of a report, the English version prevails. With respect to reports issued to clients in German and in the case of inconsistencies between the English and German version of a report, the English version prevails. Neither S&P nor its affiliates guarantee the accuracy of the translation. Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Neither S&P nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance is not necessarily indicative of future results.
SOURCE Standard & Poor's
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article