Akamai Pre-Guidance Analyst Support

Akamai (AKAM) boosts guidance in a press release issued Dec 7, 2009 at 0630 ET. Akamai is also holding an investor day today and in the press release promised to explain in the presentations the how and why’s of their guidance increase. But if you are unable to attend, just pay attention to the analysts who will figure it out for you. The stock jumped on the open on Monday.

But look at Friday the stock jumped quite nicely on the basis of two analysts issuing very bullish reports one business day in advance of the investor day. How come these two guys are so smart?

Citi Investment Research analyst Mark Mahaney upgraded Akamai to buy from Hold. Oppenheimer analyst Srinivas Anatha boosted Akamai to outperform from perform. They both identify internet video quality and rich mobile data as key drivers. Go figure this is not new news. Wonder if they are attending today’s Financial Analyst Day at The Renaissance Boston Waterfront Hotel in Boston, Massachusetts, If they are how hard are they working at understanding the numbers. Now what about the other analysts? Their employers want to know if they are chopped liver or what?