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SunTrust Says Buy These 3 High-Profile Stocks Hit Hard After Earnings

Sometimes the best entry point for a stock you have been waiting to buy is when it either has a poor earnings quarter or gives guidance that disappoints. This is especially true if the companies are well-known leaders in their respective arenas and have the ability to turn things around. Sometimes the only downside to buying weakness is it may take some time for the sentiment to turn back around.

In three separate research reports, the analysts at SunTrust Robinson Humphrey stand by their calls on three very good companies that just posted either disappointing numbers or guidance that left Wall Street less than thrilled. The analysts not only stand by their respective calls but offer some good reasons why.

Akamai Technologies

This company posted solid inline second-quarter numbers, but the guidance stunned Wall Street. Akamai Technologies Inc. (NASDAQ: AKAM) is the self-described global leader in content delivery network (CDN) services, Akamai makes the internet fast, reliable and secure for its customers. The company’s advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize consumer, enterprise and entertainment experiences for any device, anywhere.

Akamai guided current-quarter profit and sales estimates lower as customers such as Apple and Facebook moved more media traffic to their own networks. SunTrust feels that beyond these big customers and their do-it-yourself moves, the company posted solid top-line growth, which came in the mid-teens range. The firm also points out the company remains well capitalized and can continue share...


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