AKAM - Akamai the 'best kept secret in security' gets new buy rating from D.A. Davidson

D.A. Davidson analyst Rudy Kessinger on Tuesday initiated coverage on Akamai Technologies (NASDAQ:AKAM) with a buy rating, calling the Internet content distribution network company the "best kept secret in security." Kessinger also set a $143-a-share price target on Akamai's (AKAM) stock, saying that it continues to benefit from having the largest global network and share in the content distribution network [CDN] market. However, Kessinger added that security is set to become the dominant part of Akamai's (AKAM) business in the near future. "Known for some time now as a CDN that also does security, we believe Akamai will soon be known as a security company that also does CDN," Kessinger wrote, in a research note. Kessinger said his assessment of Akamai (AKAM) changing its focus comes from the company having 39% of its revenue coming from security products during the third quarter of this year, and such sales rising more

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Akamai, the 'best kept secret in security,' gets new buy rating from D.A. Davidson