CtrlK
AKAM
NASDAQ
Technology
$112.89
USD
-$7.84 (-6.49%)
Last close
Market Cap:
$17.37B
Volume:
4.6M
Previous Close
$120.73
Day Range
$112.19 - $121.57
52 Week Range
$69.78 - $165.45
Average Volume (10 Days)
4M
P/E Ratio
38.43
Dividend Yield
0.00%
Akamai Technologies, Inc. engages in the provision of cloud services for delivering, optimizing, and securing content and business applications over the Internet. The company is headquartered in Cambridge, Massachusetts and currently employs 11,000 full-time employees. The firm develops and provides solutions for global enterprises to build, secure and accelerate their applications and digital experiences. Akamai Connected Cloud, the Company's platform, is comprised of an edge and cloud architecture and underlying network for cloud computing, security and content delivery services. Its cloud computing services include compute, storage, networking, database and container management services that are required to build, deploy and secure applications and workloads. Its security solutions are designed to keep infrastructure, websites, applications, application programming interfaces and users safe from a multitude of cyberattacks and online threats while improving performance. Its content delivery solutions consist of Web and mobile performance focused solutions and media delivery solutions. The company also specializes in serverless WebAssembly function-as-a-service (FaaS) technology.
CEO
Dr. F. Thomson Leighton
Headquaters
Cambridge, MASSACHUSETTS, US
Founded
1999
Employees
11,000
Akamai announced a definitive agreement to acquire LayerX, a provider of browser-based AI usage control technology, for approximately $205 million. The acquisition extends Akamai's Zero Trust security portfolio into the browser layer, where employees increasingly interact with generative AI applications, SaaS tools, and AI agents. The deal is expected to close in Q3 2026 and will be dilutive to non-GAAP EPS by approximately $0.12 for fiscal year 2026.
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Akamai Technologies announced a $1.8B seven-year cloud infrastructure contract with a major U.S. AI lab during its Q1 2026 earnings. The deal, averaging $257M annually, is the largest in company history and pushed shares up 27% in a single day. Analysts upgraded ratings and raised price targets following the announcement.
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Akamai Technologies rallied over 25% after reporting Q1 earnings and announcing a $1.8 billion seven-year contract with a leading U.S. AI model provider. Multiple analysts upgraded the stock and raised price targets significantly, with one boosting their target from $100 to $190.
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Akamai Technologies announced a seven-year, $1.8 billion cloud computing deal with Anthropic, marking the largest contract in Akamai's history. The agreement will provide infrastructure to support Anthropic's Claude AI software, which has experienced significant growth in recent months.
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Akamai Technologies announced a new partnership with Arrow Electronics' enterprise computing solutions business to distribute its cloud, security, and application delivery offerings through Arrow's channel ecosystem. The deal is designed to simplify partner access to Akamai's edge-based platform and support growing demand for distributed application delivery and security solutions.
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