Akamai Technologies Inc Stock Price, News & Analysis

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) 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.

Akamai Technologies (NASDAQ: AKAM) has announced a strategic partnership with global IT services leader FPT to enhance cloud-native application development and deployment. As a new global systems integrator in the Akamai Partner Program, FPT will leverage its expertise in cloud migration, AI, and automation alongside Akamai's compute platform.

The partnership demonstrated its capabilities at the 2025 NAB Show, showcasing AI-driven media archive monetization for sports content. FPT's strong global presence spans 30 countries, with notable performance including a 27.4% year-on-year revenue increase in global IT services in 2024 and a 13.9% revenue growth in Q1 2025. The Americas region contributed 24% of FPT's global IT services revenue, including a significant USD 225 million deal.

Akamai Technologies (NASDAQ: AKAM) and P3M Works have announced a strategic partnership to deliver zero trust identity, credential, and access management (ICAM) solutions for UK government and defense supply chains. The collaboration combines Akamai's proven zero trust security capabilities, currently used by the U.S. Department of Defense, with P3M's expertise in UK government requirements.

The partnership will focus on Akamai's Zero Trust Federated ICAM solutions, which enable secure collaboration with vendors, contractors, and allies without exposing underlying networks. Key features include federated identity management, zero trust policy enforcement, continuous authentication, and comprehensive auditing. The joint offering will be available to UK government agencies and their supply chain partners starting in Q3 2025.

Akamai Technologies has unveiled Firewall for AI, a groundbreaking security solution designed to protect AI applications from emerging cyberthreats. The new product offers multilayered protection against unauthorized queries, adversarial inputs, and data-scraping attempts.

Key features include:

• Real-time AI threat detection with adaptive security rules
• Protection against prompt injection and model exploitation
• Compliance and data protection measures
• Flexible deployment options via Akamai edge, REST API, or reverse proxy
• Proactive filtering of AI outputs to prevent toxic content and data leaks

Additionally, Akamai introduced API LLM Discovery, an enhancement to their API Security platform that automatically discovers and protects GenAI and LLM API endpoints. This comprehensive security approach aims to safeguard enterprise models, data, and intellectual property as organizations increasingly adopt AI technologies.