AKAM
Akamai Technologies, Inc.
September 25, 2026 · intraday
- Rarity
- 1.47
- Peak move
- +9.16%
- Float cap
- $15.6B
Akamai Technologies provides security, cloud computing, and delivery solutions for global enterprises. Its distributed edge network protects customers from cyber threats like DDoS and bot attacks, offers full-stack compute for low-latency applications, and accelerates web content to billions of users. Akamai serves businesses across every vertical that need reliable, scalable, and secure online operations.
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What we found
11 events · 3 from SEC or newswire · 1 timed with the move- Timed with the move
analyst_ratingJPMorgan raised its Akamai price target to $167 from $158 while keeping a Neutral rating, saying the large Anthropic deal affirms the differentiation of Akamai's platform and its ability to drive favorable capacity economics.
- Key event
guidance_changeAkamai said the Anthropic agreement has no impact on its 2026 revenue guidance but expects about $1.7 billion in additional 2026 capital expenditures to secure and pre-purchase supply chain components including memory, with total capex tied to the $11.6 billion commitment estimated at about $5.5 billion.
executive_remarkAkamai co-founder and CEO Dr. Tom Leighton said on the Anthropic deal announcement that Anthropic chose Akamai's capabilities for building and operating AI infrastructure at scale, adding that Akamai expects an annual revenue stream of about $1.7 billion by 2028.
analyst_ratingTD Cowen raised its Akamai price target to $149 from $140 while keeping a Hold rating, citing compute scarcity driving customers such as Anthropic to alternative infrastructure providers.
analyst_ratingGuggenheim raised its Akamai price target to $225 from $190 and kept a Buy rating, citing the Anthropic deal's ARR and stronger outer-year projections.
analyst_ratingBofA raised its Akamai price target to $185 from $175 and kept a Buy rating after the $11.6 billion Anthropic CPU cloud deal, expecting revenue to ramp to about $1.7 billion annually.
analyst_ratingPiper Sandler raised its Akamai price target to $158 from $125 and maintained an Overweight rating, saying the Anthropic deal implies about $1.66 billion in annual recurring revenue at full run rate.
analyst_ratingUBS raised its Akamai price target to $148 from $143 while maintaining a Neutral rating, noting the Anthropic deal could lift FY2027 growth but bring margin and free cash flow pressure and possible additional financing for $5.5 billion in capex.
security_rights_changeAkamai filed a Certificate of Designations designating 387,051 shares of Series B Non-Voting Convertible Preferred Stock, initially convertible into 20 common shares each (up to 7,741,020 shares as-converted), with a $0.01 liquidation preference, no voting rights except as required by Delaware law, and automatic conversion only on transfer away from Anthropic.
SEC8-K 0001193125-26-401048- Key event
equity_offeringAkamai issued Anthropic a warrant to purchase up to 387,051 shares of Series B Non-Voting Convertible Preferred Stock at $2,226.60 per share, convertible into 20 common shares each (up to 7,741,020 shares), vesting in four tranches tied to Anthropic's additional contractual commitments, with cash exercise and a seven-year term.
SEC8-K 0001193125-26-401048SEC8-K 0001193125-26-401048Webgurufocus.comWebbenzinga.comWebgurufocus.com - Key event
major_contractAkamai entered Project Plans 2 and 3 under its May 5, 2026 Master Services Agreement with Anthropic, PBC, under which Anthropic committed to pay Akamai approximately $11.6 billion in aggregate over initial seven-year terms for dedicated cloud computing capacity.