Akamai Technologies Inc

Quantli Newsdesk

· 3 months ago

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.

Quantli Newsdesk

· 3 months ago

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.

Quantli Newsdesk

· 3 months ago

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.

Quantli Newsdesk

· 3 months ago

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.

Quantli Newsdesk

· 3 months ago

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.

10-K

Quantli Newsdesk

· 4 months ago

Akamai generated $4.2 billion in revenue for 2025, up 5% year-over-year, driven by 10% security growth and 12% cloud computing expansion, though delivery revenue declined 5% due to pricing pressure and customer optimization efforts.