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mass. mover

Akamai Technologies stock surges

Akamai says it will capitalize on opportunities “shaping online business: cloud, mobile, video, and security.”

Globe file photo/2006

Akamai says it will capitalize on opportunities “shaping online business: cloud, mobile, video, and security.”

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Shares of Akamai Technologies Inc. soared after the Cambridge-based provider of Internet content delivery services said quarterly net income increased 65 percent to $71 million from a year earlier. Revenue rose 15 percent to $368 million. JPMorgan Chase & Co. upgraded the stock and set a $52 price target. It cited acceleration of growth in Akamai’s media business, an expansion of its sales force, and signs it can maintain its gross margins at current levels.

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