Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies (NASDAQ: AKAM) has announced the appointment of two new members to its Board of Directors. Janaki Akella, former Google executive and current board member at Southern Company, Sallie Mae Corporation, and Fractal Analytics, brings expertise in cloud computing, cybersecurity, and AI. Bas Burger, CEO of BT International, contributes extensive experience in global business transformation and go-to-market strategies.

The strategic appointments align with Akamai's focus on expanding its cloud computing presence and strengthening its cybersecurity leadership. Both directors will provide valuable insights for the company's transformation and growth initiatives, particularly in leveraging AI technologies and expanding global market presence.

Akamai Technologies (NASDAQ: AKAM) has announced significant enhancements to its API Security solution to combat evolving cyber threats. The key improvements include the launch of the first-ever managed service specifically for API security, integration with code repositories for pre-launch risk detection, and a new compliance dashboard for monitoring security standards.

The company has received strong customer validation from various sectors, including insurance, software, and healthcare. Additionally, Akamai's security solutions have earned three prestigious industry recognitions: the 2025 Global InfoSec Award, the AI Tech Award for Security & Privacy, and leadership position in the 2025 Cloud WAAP CyberRisk Validation Report with a 0% false positive rate across 1,360+ attacks tested.

Akamai Technologies (NASDAQ: AKAM) has announced a strategic partnership with Cloudinary to enhance its Video Manager solution. Under this agreement, Cloudinary will power Akamai's next-generation Video Manager with its AI-powered video technology, aimed at simplifying video management and delivery while addressing performance optimization and post-production challenges. Additionally, Cloudinary has joined Akamai's Qualified Compute Partner Program as an Independent Software Vendor (ISV). Cloudinary, which manages over 1 billion videos for thousands of customers across industries, will deploy its solutions on Akamai Cloud. The partnership aims to deliver optimized video experiences across all devices and channels, leveraging Akamai's global cloud computing, security, and content delivery platform.

Circus SE has appointed Sasha Borovik as General Counsel, effective June 11, 2025. Borovik, a Harvard Law graduate with over 20 years of legal experience, joins from defense AI company Helsing where he played a crucial role in raising $800 million in capital rounds. His extensive background includes senior legal positions at Microsoft and Akamai Technologies, with expertise in AI, defense, and technology sectors. The appointment aligns with Circus' expansion into defense markets through its CA-M autonomous meal supply system and CA-1 serial production. Borovik's experience in dual-use technology regulation and defense contracting, along with his work with NATO, UN, and Ukrainian forces, positions him as Circus' first core defense executive. He will focus on shaping commercial agreements, institutional partnerships, and regulatory strategy as the company expands internationally.

FS-ISAC and Akamai Technologies (NASDAQ: AKAM) released a joint report revealing that the financial sector was the primary target for DDoS attacks in 2024. The report titled 'From Nuisance to Strategic Threat' highlights a 23% increase in application-layer DDoS attacks between 2023-2024, with the Asia-Pacific region accounting for 38% of all volumetric attacks, up from 11% in 2023. The study found that attackers are using more sophisticated methods, including DDoS-for-hire services and precision-targeted attacks that mimic legitimate user behavior. Key findings show that geopolitical tensions and the expansion of APIs in financial services have contributed to increased attack frequency. In response, the organizations developed a five-level DDoS Maturity Model to help financial institutions assess and improve their defensive capabilities.

Akamai Technologies (NASDAQ: AKAM) has launched DNS Posture Management, a groundbreaking solution providing unified visibility and real-time monitoring across multiple DNS providers. The agentless solution helps security teams detect and respond to DNS-based attacks, certificate security risks, and misconfigurations. The platform offers automated compliance assessments for frameworks like NIST, PCI DSS, and HIPAA, while featuring a Certificate Monitor for managing digital certificates by domain names. The solution supports major DNS providers including Akamai Cloud, AWS, Azure, and Google Cloud Platform, with an optional 24/7 Managed Security Service available. This launch addresses critical challenges in DNS security, where organizations often struggle with managing multiple DNS systems, outdated configurations, and compliance requirements.

Akamai Technologies (NASDAQ: AKAM) has priced an upsized offering of $1.5 billion convertible senior notes due 2033, with an additional option for purchasers to buy up to $225 million more. The notes will bear interest at 0.25% annually and are convertible at an initial price of $93.01 per share, representing a 20% premium over the closing price of $77.51.

The company expects net proceeds of approximately $1.48 billion (or $1.70 billion if the additional option is exercised). The funds will be used to repay $250 million in credit facility borrowings, handle the 2027 convertible notes, fund $239.1 million in convertible note hedge transactions, and repurchase approximately $300 million of common stock from note purchasers at $77.51 per share.

Akamai Technologies (NASDAQ: AKAM) has announced a proposed offering of $1.35 billion in convertible senior notes due 2033, with an additional option for purchasers to buy up to $202.5 million more. The notes will be sold exclusively to qualified institutional buyers under Rule 144A. The company plans to use the proceeds to: • Repay $250 million in borrowings from its revolving credit facility • Service its existing $1.15 billion convertible notes due 2027 • Repurchase approximately $275 million of common stock • Fund convertible note hedge transactions The notes will pay interest semi-annually starting November 15, 2025, and mature on May 15, 2033. Holders can require Akamai to repurchase the notes on May 15, 2031, under specific conditions.

Akamai Technologies (NASDAQ: AKAM) reported its Q1 2025 financial results with revenue reaching $1.015 billion, up 3% year-over-year. Security and cloud computing revenue, representing 69% of total revenue, grew 10% YoY. By segment, Security revenue was $531 million (+8% YoY), Delivery revenue was $319 million (-9% YoY), and Cloud computing revenue was $165 million (+14% YoY).

The company's GAAP net income per share decreased 26% to $0.82, while non-GAAP EPS increased 4% to $1.70. During Q1, Akamai repurchased 6.2 million shares for $500 million. For Q2 2025, the company expects revenue between $1.012-1.032 billion and full-year 2025 revenue guidance of $4.050-4.200 billion.