AKAM
Akamai Technologies INC
NASDAQ
Form 4: Akamai Technologies Director Acquires Deferred Stock Units
Sentiment:
SEC Form 4 Filing
13 May 2024 4:45 PM
Director Peter Thomas Killalea acquired 3,015 deferred stock units of Akamai Technologies, Inc. on May 10, 2024, which vest one year following the grant date.
Summary
- Peter Thomas Killalea, a director of Akamai Technologies, Inc., acquired 3,015 deferred stock units on May 10, 2024.
- These deferred stock units represent the right to receive one share of Akamai common stock upon vesting, with the option to defer distribution.
- The deferred stock units vest one year following the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock unit acquisition, indicating a neutral sentiment.
Future Outlook
The director has the right to receive Akamai common stock upon vesting of the deferred stock units, with the option to defer distribution.
Industry Context
This Form 4 filing is a routine disclosure of a company insider's transaction in the company's securities, providing transparency to the market.
Stakeholder Impact
- The acquisition of deferred stock units by a director may signal confidence in the company's future performance to shareholders.
Key Dates
- 05/10/2024: Date of transaction: Peter Thomas Killalea acquired 3,015 deferred stock units.
- 05/13/2024: Date of signature by Thomas M. Lair, as power of attorney.
Keywords
AKAM
Akamai Technologies INC
NASDAQ
Sector: TBD
Filings with Classifications
Capital raise
15 May 2025 7:49 AM
8-K Filing
- Akamai is issuing $1.5 billion in convertible senior notes due 2033 in a private offering.
- Initial purchasers have an option to purchase an additional $225 million in notes.
- The company intends to use the net proceeds for debt repayment, share repurchases, and convertible note hedge transactions.
Capital raise
13 May 2025 4:56 PM
8-K Filing
- Akamai is offering $1.35 billion of Convertible Senior Notes due 2033 in a private offering.
- The initial purchasers have an option to purchase an additional $202.5 million in notes.
- Akamai intends to use the net proceeds to repay debt and repurchase shares.
Worse than expected
9 May 2025 4:08 PM
Quarterly Report
- Net income and diluted earnings per share decreased compared to the same period last year, indicating a decline in profitability.
- Delivery solutions revenue decreased due to pricing pressure and customer optimization, impacting overall revenue growth.
Better than expected
1 April 2025 4:17 PM
Proxy Statement
- Security revenue exceeded $2 billion, growing 16% year-over-year and representing the majority of Akamai's annual revenue.
- Cloud computing revenue reached over $630 million, a 25% increase year-over-year.
- Operating cash flow climbed to $1.52 billion, or 38% of revenue.
Better than expected
27 February 2025 4:31 PM
Current Report
- The CEO's purchase of $3 million in company stock signals confidence in the company's future, which is a better than expected sign.
Worse than expected
24 February 2025 5:10 PM
Annual Results
- Revenue from delivery solutions decreased due to customer optimization and pricing pressure.
- A large social media customer reduced traffic on Akamai's network, negatively impacting revenue.
Worse than expected
8 November 2024 4:33 PM
Quarterly Report
- The company's net income decreased significantly compared to the same period last year.
- The company incurred a substantial restructuring charge impacting profitability.
- Delivery solutions revenue declined, indicating challenges in this segment.
Worse than expected
7 November 2024 4:04 PM
Quarterly Report
- GAAP income from operations decreased by 60% due to a restructuring charge.
- GAAP net income decreased by 64% year-over-year.
- Non-GAAP net income decreased by 3% year-over-year.
Worse than expected
8 August 2024 4:51 PM
Quarterly Report
- The company's delivery revenue declined by 13.2%, indicating a worse than expected performance in that segment.
- The acquisition of Noname Security is expected to be dilutive to earnings per share through 2024, which is worse than expected.
Better than expected
9 May 2024 4:46 PM
Quarterly Report
- The company's net income and earnings per share significantly increased compared to the same quarter last year, indicating better than expected profitability.
Better than expected
9 May 2024 4:25 PM
Quarterly Report
- The company's GAAP net income per diluted share increased by 79% year-over-year, which is significantly better than expected.
- The combined growth of security and compute revenue at 22% year-over-year exceeded expectations.
- The authorization of a new $2.0 billion share repurchase program is a positive surprise for investors.
Better than expected
28 March 2024 4:02 PM
Proxy Statement
- Akamai's total revenue, security revenue, and compute revenue all showed significant year-over-year growth, indicating better-than-expected performance in key areas.
- Akamai's share price increase of 40% in 2023 outperformed the S&P 500 (up 24%).
Worse than expected
28 February 2024 4:21 PM
Annual Results
- The company's delivery revenue declined by 7.6% due to pricing pressures and moderated traffic growth, indicating worse than expected results in this segment.
Better than expected
13 February 2024 4:04 PM
Quarterly Report
- The company's Q4 and full-year results exceeded expectations, particularly in security and compute revenue growth and profitability metrics.
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