Akamai Technologies, Inc. is a global content delivery network (CDN), cybersecurity, and cloud service company, providing web and Internet security services.
| Revenue (TTM) | $4.32B |
| Gross Profit (TTM) | $2.48B |
| EBITDA | $1.08B |
| Operating Margin | 7.63% |
| Return on Equity | 8.92% |
| Return on Assets | 2.52% |
| Revenue/Share (TTM) | $29.93 |
| Book Value | $33.07 |
| Price-to-Book | 3.58 |
| Price-to-Sales (TTM) | 3.79 |
| EV/Revenue | 5.32 |
| EV/EBITDA | 18.28 |
| Quarterly Earnings Growth (YoY) | -26.80% |
| Quarterly Revenue Growth (YoY) | 5.40% |
| Shares Outstanding | $143.72M |
| Float | $140.44M |
| % Insiders | 2.13% |
| % Institutions | 113.73% |
Volatility is currently expanding
Anthropic will spend $11.6 billion over seven years on Akamai's cloud infrastructure, Akamai said Thursday. That's more than six times the size of a $1.8 billion deal between the two companies that Bloomberg reported in May.
Shares of Akamai are surging after the cloud computing and cybersecurity firm signed a new seven-year deal with Anthropic.
Akamai Technologies Inc (NASDAQ:AKAM, XETRA:AK3), the cloud computing and cybersecurity company, has agreed to an $11.6 billion, seven-year commitment with Anthropic, the artificial intelligence company, to support CPU workloads on Akamai Cloud. The agreement is the largest in Akamai's history.
Akamai Technologies (NASDAQ:AKAM) stock is powering up the Nasdaq today , last seen up 14.2% to trade at $126.10.
Anthropic just handed Akamai Technologies (NASDAQ:AKAM | AKAM Price Prediction) a multibillion-dollar cloud commitment, and Wall Street is repricing the longtime content delivery company as a serious artificial intelligence (AI) infrastructure provider. Akamai stock is up 15% to $127.
Stocks are pointing to a higher open as the Dow Jones Industrial Average looks to avoid a fourth straight week of losses; Treasury yields and oil futures are declining at the end of a volatile week; the S&P 500 and Nasdaq are on track to rise for a second straight week, while the Dow is down 0.6% for the week; Akamai shares are jumping on an $11.6 billion deal with AI giant Anthropic; and Costco beat estimates in its latest earnings report.
Akamai Technologies shares soared more than 23% in premarket trading Friday after the company announced a multibillion-dollar cloud computing agreement with artificial intelligence firm Anthropic, highlighting the growing demand for computing capacity as AI developers expand their workloads. The agreement requires Anthropic to pay Akamai $11.6 billion over seven years for access to CPU capabilities from Akamai Cloud's distributed AI infrastructure and software.
It was looking like a good end to the week for tech but energy stocks were falling as oil prices slipped.
Akamai has agreed to supply cloud computing services to Anthropic.
Akamai Technologies, Inc. (AKAM) Discusses Landmark Multi-Billion Dollar Cloud Infrastructure Contract and Impact on Business Growth Transcript
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