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Wednesdays rumor of Akamai Technologies, Inc.
AKAM being a potential buyout target by AT&T Inc.
T has not yet been publicly confirmed.
Tigress Financial Partners analyst Ivan Feinseth, said to a Benzinga news writer that he could not comment on the deal, but add that his firm believes that Akamai is an appealing buyout target for a list of tech names, including Google Inc
GOOG, Verizon Communications Inc.
VZ, and AT&T.
In a research report released March 31, 2014, Tigress reiterated a Strong Buy on Akamai. Feinseth favors the demand for the company's cloud based security solutions continuing to grow and its content delivery showing strong performance in its core business.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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