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Akamai Technologies Inc (AKAM.OQ)

AKAM.OQ on NASDAQ Stock Exchange Global Select Market

77.02USD
23 May 2018
Change (% chg)

$0.63 (+0.82%)
Prev Close
$76.39
Open
$75.78
Day's High
$77.04
Day's Low
$75.72
Volume
598,622
Avg. Vol
611,926
52-wk High
$78.27
52-wk Low
$44.65

Latest Key Developments (Source: Significant Developments)

Akamai And MUFG Announce Blockchain-Based Payment Network
Monday, 21 May 2018 

May 21 (Reuters) - Mitsubishi UFJ Financial Group Inc <8306.T>::AKAMAI AND MUFG ANNOUNCE BLOCKCHAIN-BASED PAYMENT NETWORK.AKAMAI TECHNOLOGIES INC - NEW BLOCKCHAIN-BASED ONLINE PAYMENT NETWORK IS EXPECTED TO BE AVAILABLE IN JAPAN DURING FIRST HALF OF 2020.  Full Article

Akamai Announces Pricing Of Offering Of Convertible Senior Notes
Thursday, 17 May 2018 

May 16 (Reuters) - Akamai Technologies Inc ::AKAMAI ANNOUNCES PRICING OF OFFERING OF CONVERTIBLE SENIOR NOTES.PRICED ITS PRIVATE OFFERING OF $1 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS CONVERTIBLE SENIOR NOTES DUE 2025.CONVERSION RATE WILL INITIALLY BE 10.5150 SHARES OF AKAMAI'S COMMON STOCK PER $1,000 PRINCIPAL AMOUNT OF NOTES.  Full Article

Akamai Technologies Says On May 10, Entered Into $500 Mln Credit Agreement
Tuesday, 15 May 2018 

May 15 (Reuters) - Akamai Technologies Inc ::AKAMAI TECHNOLOGIES SAYS ON MAY 10, CO ENTERED INTO $500 MILLION FIVE-YEAR, REVOLVING CREDIT AGREEMENT - SEC FILING.AKAMAI TECHNOLOGIES - CREDIT AGREEMENT PROVIDES THAT UNDER SPECIFIED CIRCUMSTANCES, FACILITY CAN BE RAISED TO UP TO $1 BILLION.  Full Article

Akamai Technologies Announces Proposed Offering Of Convertible Senior Notes
Tuesday, 15 May 2018 

May 15 (Reuters) - Akamai Technologies Inc ::AKAMAI ANNOUNCES PROPOSED OFFERING OF CONVERTIBLE SENIOR NOTES.AKAMAI TECHNOLOGIES INC - PROPOSES TO OFFER $1 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE SENIOR NOTES DUE 2025.AKAMAI TECHNOLOGIES INC - WILL GRANT INITIAL PURCHASERS OPTION TO PURCHASE UP TO AN ADDITIONAL $150 MILLION IN PRINCIPAL AMOUNT OF NOTES ON SAME TERMS.AKAMAI TECHNOLOGIES INC - INTENDS TO USE A PORTION OF PROCEEDS TO PAY COST OF CERTAIN CONVERTIBLE NOTE HEDGE TRANSACTIONS.AKAMAI TECHNOLOGIES INC - INTENDS TO USE ABOUT $50 MILLION OF PROCEEDS TO REPURCHASE SHARES OF ITS COMMON STOCK FROM PURCHASERS OF NOTES IN OFFERING.AKAMAI - ALSO INTENDS TO USE A PORTION OF PROCEEDS TO REPAY AT MATURITY ALL OF ITS $690 MILLION OUTSTANDING OF 0.0% CONVERTIBLE SENIOR NOTES DUE 2019.  Full Article

Akamai Technologies Qtrly Shr $0.31, Qtrly Adj Shr $0.79
Monday, 30 Apr 2018 

May 1 (Reuters) - Akamai Technologies Inc ::QTRLY GAAP EARNINGS PER SHARE $0.31; QTRLY NON-GAAP EARNINGS PER SHARE $0.79; ‍​QTRLY REVENUE $669 MILLION, UP 11 PERCENT.QTRLY WEB DIVISION REVENUE $353 MILLION, UP 16 PERCENT; QTRLY MEDIA AND CARRIER DIVISION REVENUE $316 MILLION, UP 6 PERCENT.AKAMAI - Q1 GAAP INCOME ALSO IMPACTED BY $23 MILLION FOR LEGAL SETTLEMENTS, NON-RECURRING PROFESSIONAL ADVISORY FEES FOR NON-ROUTINE STOCKHOLDER MATTER.Q1 EARNINGS PER SHARE VIEW $0.70, REVENUE VIEW $654.0 MILLION -- THOMSON REUTERS I/B/E/S.Q1 GAAP INCOME IMPACTED BY A $15 MILLION RESTRUCTURING CHARGE.  Full Article

Akamai Elects LogMein President And CEO Bill Wagner To Board Of Directors
Thursday, 5 Apr 2018 

April 5 (Reuters) - Akamai Technologies Inc ::AKAMAI ELECTS LOGMEIN PRESIDENT AND CEO BILL WAGNER TO BOARD OF DIRECTORS.AKAMAI TECHNOLOGIES INC - ‍APPOINTMENT OF WILLIAM "BILL" WAGNER TO AKAMAI BOARD EFFECTIVE APRIL 3.  Full Article

Akamai Technologies Said To Be Working With Morgan Stanley On Strategic Review‍​ - CNBC, Citing A Report
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - :AKAMAI TECHNOLOGIES INC <<>> IS SAID TO BE WORKING WITH MORGAN STANLEY ON A STRATEGIC REVIEW‍​ - CNBC, CITING A REPORT.  Full Article

Akamai Recommends Shareholders Reject "Mini-Tender" Offer By TRC Capital Corporation
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Akamai Technologies Inc ::AKAMAI RECOMMENDS SHAREHOLDERS REJECT "MINI-TENDER" OFFER BY TRC CAPITAL CORPORATION.AKAMAI TECHNOLOGIES INC - CO DOES NOT ENDORSE TRC CAPITAL'S UNSOLICITED MINI-TENDER OFFER.AKAMAI SAYS GOT NOTICE OF UNSOLICITED "MINI-TENDER" OFFER BY TRC CAPITAL TO BUY UP TO 2 MILLION SHARES OF CO AT $54.00 PER SHARE IN CASH.AKAMAI TECHNOLOGIES INC - TRC'S OFFER IS FOR ABOUT 1.18 PERCENT OF AKAMAI'S SHARES.  Full Article

Akamai Technologies reports Q3 revenue of $621 million
Tuesday, 24 Oct 2017 

Oct 25 (Reuters) - Akamai Technologies Inc :Akamai reports third quarter 2017 financial results.Q3 revenue $621 million versus I/B/E/S view $610.7 million.Akamai Technologies Inc - qtrly ‍performance and security solutions revenue was $381 million, up 11 pct year-over-year​.Akamai Technologies Inc - qtrly ‍media delivery solutions revenue was $183 million, down 3 pct year-over-year​.Akamai Technologies Inc - qtrly ‍GAAP EPS was $0.35 per diluted share​.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Akamai Technologies Inc - qtrly ‍cloud security solutions revenue, a component of performance and security, was $121 million, up 27 pct year-over-year​.Akamai Technologies Inc - qtrly ‍non-GAAP EPS was $0.62 per diluted share​.  Full Article

Akamai agrees to acquire Nominum
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Akamai Technologies Inc ::Akamai agrees to acquire Nominum.Akamai Technologies Inc - ‍expects acquisition to be dilutive to non-GAAP earnings in fiscal Q4 and 2018​.Akamai Technologies Inc - ‍dilutive impact in fiscal Q4 of 2017 is expected to be approximately $0.05, and approximately $0.11 for fiscal 2018​.Akamai Technologies Inc - ‍expects acquisition to be accretive in 2019​.Akamai Technologies Inc - ‍Akamai expects acquisition to be accretive in 2019​.Akamai Technologies - reiterates intention to manage co's FY EBITDA margins within its previously stated range of mid-30s while it integrates Nominum​.  Full Article