Why we believe Akamai is fairly valued

We believe that Akamai is fairly valued and our price estimate for Akamai stands at $61.70. This price estimate is based on our expectation that the company can increase its revenue by 1.9x from an expected $2.0 billion in 2014 to $3.8 billion by the end of our forecast period. We expect the company to accomplish this by growing its customer base by 1.25x during the same time frame, with the remaining growth coming from an increase in its average revenue per customer.