Akamai Technologies (AKAM) Stock News

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.

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 (NASDAQ: AKAM) announces a new collaboration with UNIQLO for their PEACE FOR ALL charity T-shirt collection. The new design, launching globally on June 20, features a light tan color inspired by early internet computer casings and includes a heart symbol representing the internet's positive global impact. The T-shirt's back displays Linux code, symbolizing the open-source language that connects Akamai with global brands. This marks Akamai's second partnership with UNIQLO's charity T-shirt project, following a successful previous collaboration.