Akamai Technologies saw its stock surge 25% in premarket trading following the announcement of a $1.8 billion, seven-year cloud infrastructure deal with an unnamed leading AI model provider. The company's Q1 revenue rose 6% to over $1 billion, driven by a 40% jump in cloud infrastructure services and an 11% increase in security revenue. Akamai is rapidly expanding its cloud business to support AI workloads, positioning itself alongside major AI developers. It expects Q2 revenue between $1.08 billion and $1.1 billion, with adjusted net income per share of $1.45 to $1.65.
Akamai's 2026 security report reveals commerce is now the most targeted industry by cybercriminals due to rising AI bot traffic, which makes up nearly 48% of commerce network activity. The report highlights increasing Layer 7 DDoS attacks, sophistica...
Akamai Technologies is transitioning from its declining content delivery business to focus on cloud infrastructure and security, supported by a $1.8 billion, seven-year cloud contract. The company expects its Cloud Infrastructure Services to grow at ...
