Akamai Rises on Initiation
Akamai (AKAM) - Get Report was up 5.9% in preopen Island trading after Goldman Sachs began coverage with a market outperformer rating.
Goldman also set estimates of a 48-cent-per-share loss for the second-quarter, a $1.80 loss for 2001 and a loss of 97 cents for 2002. Analyst Matthew Janiga said the company is the "clear leader" in the growing content delivery market, but the near-term will prove "challenging."
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