NEW YORK, Feb. 28, 2011 /PRNewswire/ -- Akamai Technologies (AKAM: $39) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. AKAM carries S&P's highest investment recommendation of 5-STARS, or Strong Buy. S&P Equity believes the company's proprietary solutions enable people to use the Internet at faster rates, with greater reliability, and with more notable security.
"As the Internet becomes even more pervasive and important, we think Akamai is poised to benefit from an increasing number of users and amount of usage across varied devices and locations," said Scott Kessler, Technology Analyst at Standard & Poor's Equity Research. "We also believe the company is well-positioned to capitalize on not only this secular growth, but also on a number of major global technology themes, such as cloud computing, digital security, and mobile platforms and applications. As a market leader, Akamai provides solutions focused on digital content and applications that are not easy to replicate."
Kessler observes that the company posted revenue growth of 19% in 2010, and he sees sustained annual increases for years to come. In light of considerable growth opportunities, Kessler says Akamai has been aggressively investing for growth via internal spending and acquisitions, which he thinks reflects the company's strong balance sheet and related flexibility.
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