Akamai Technologies Inc. (AKAM) Jumps 20% On Upgrade

JPMorgan Chase & Co. (NYSE:JPM) analysts released an incredibly positive report on Akamai Technologies Inc. (NASDAQ:AKAM) this morning, after the company released a stellar earnings report that showed it was in rude health. The new reports puts a $52 price target on the company. Shares in the firm stood at $43 today.

After the market closed on Wednesday, April 24, Akamai Technologies Inc. (NASDAQ:AKAM) announced that it had earned 51 cents per share in the first three months of 2013, on revenue of $368 million. In the run up to the earnings announcement, analysts were expecting the company to report earnings of 47 cents per...