Akamai soars on J.P. Morgan upgrade, results
MarketWatch - 9:54 AM ET
SAN FRANCISCO (MarketWatch) - Shares of Akamai Technologies soared Thursday morning a day after the company reported a surge in profit. J.P. Morgan also upgraded the stock to overweight from neutral saying the company's media business "accelerated and appears positioned to outperform again in the second quarter." Akamai's products helps speed up content delivery on the Internet. Akamai shares were trading up nearly 19% at $42.91. On Wednesday, the company reported a 65% jump in net income on strong sales and lower costs.