A number of analysts (including yours truly) think that Akamai has the potential to report stronger third-quarter results when it reports Oct. 24. This positive earnings expectation is partly based on accelerated media traffic, security solutions sales and cloud revenue in August and September. The company's strong stock price performance the past couple of months suggests that it may also give healthy fourth-quarter guidance.
My short-term expectation for the stock price of AKAM is a possible retest of the Sept. 26 intraday low of $37.52 before it begins an end-of-year rally that may exceed its current 52-week high of $40.32.
The Israelis have an expertise in dealing with national security issues born from decades of personal experience and ongoing threats. It's no wonder that one of the better cyber-security companies would be headquartered there.
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