Key Highlights

  • Akamai closed up 3.20% at $113.94 after entering an $11.6 billion cloud services agreement with Anthropic.
  • The $11.6 billion agreement compares with Akamai's market Capitalization of about $15.9 billion.
  • Short interest equals 13% of shares outstanding, with 5.9 days of average Volume required to cover.

Akamai Technologies (NASDAQ:AKAM) closed up 3.20% at $113.94 after the company entered an $11.6 billion cloud services agreement with Anthropic. The deal was the stated reason for the move, putting the contract at the center of a repricing for the software infrastructure group. The stock's gain also stood apart from the broader peer tape, where DigitalOcean, GoDaddy, and VeriSign were lower.

$11.6 Billion Anthropic Cloud Agreement

The agreement links Akamai to Anthropic through cloud services valued at $11.6 billion, material beside Akamai's market capitalization of about $15.9 billion, though the available facts do not define the contract's Revenue timing or accounting treatment. The company sits in the Software - Infrastructure category. The contract also arrived against a strong trading backdrop, with the stock already up sharply year-to-date and over the past month.

AKAM Technical Levels After the Gap

The technical structure remains above all three tracked moving averages, with the stock over its 20-day average of $108.98, its 50-day average of $113.36, and its 200-day average of $111.15. The 14-day RSI was 57.8. MACD at 0.66 was above its signal line at -0.94. ADX registered 25.0. The nearest downside reference is first support at $99.45, followed by second support at $90.27. On the upside, first resistance is $122.42 and second resistance is $136.21.

Akamai Scale, Valuation and Positioning

Akamai has a market capitalization of about $15.9 billion, trailing-twelve-month revenue of $4.32 billion, and $1.48 billion of cash and equivalents. Revenue was up 5.9% year over year, while gross Margin stood at 53.4% and Operating Margin at 11.9%. Net margin was 9.5%, and Return on Equity was 8.9%. Debt-to-equity was 1.97, alongside a workforce of 11,000 employees. Short interest stood at 13% of shares outstanding as of September 15, 2026, with 5.9 days of average volume to cover.

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