Key Developments: Akamai Technologies Inc (AKAM.O)

AKAM.O on Nasdaq

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24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Akamai Technologies Inc announces pricing of upsized offering of convertible senior notes
Friday, 14 Feb 2014 07:30am EST 

Akamai Technologies Inc:Prices its private offering of $600 mln aggregate principal amount of its convertible senior notes due 2019.Says offering was upsized from the previously announced $500 million aggregate principal amount of notes.Says it has granted the initial purchasers of the notes an option to purchase up to an additional $90 mln aggregate principal amount of notes on the same terms and conditions.Says sale of the notes is expected to close on Feb. 20.Says intends to use about $20.3 mln of the proceeds to pay the cost of the convertible note hedge transactions.Says intends to use about $62 mln of the net proceeds from this offering to repurchase shares of its common stock from purchasers of notes.Says intends to use the remaining net proceeds of the offering for working capital and general corporate purposes, including potential acquisitions and other strategic transactions.Says Morgan Stanley is acting as sole book-running manager for this offering.Says J.P. Morgan and BofA Merrill Lynch are acting as co-managers for this offering.  Full Article

Akamai Technologies Inc announces proposed offering of convertible senior notes
Wednesday, 12 Feb 2014 04:00pm EST 

Akamai Technologies Inc:Proposes to offer $500 mln aggregate principal amount of its convertible senior notes due 2019.Says it will grant the initial purchasers an option to purchase up to an additional $75 million principal amount of notes on the same terms and conditions.Says the notes will mature on Feb. 15, 2019.Says it will use the proceeds for dhare repurchases, general corporate purposes and to pay the cost of the convertible note hedge transactions.Says Morgan Stanley is acting as sole book-running manager for the proposed offering.  Full Article

Akamai Technologies Inc issues Q1 2014 guidance in line with analysts' estimates-conference call
Wednesday, 5 Feb 2014 09:30pm EST 

Akamai Technologies Inc:Expects Q1 2014 revenue to be in the range of $426-$442 mln.Expects Q1 2014 non-GAAP EPS to be in the range of $0.51-$0.55.Q1 2014 revenue of $426 mln and EPS of $0.53 - Thomson Reuters I/B/E/S.  Full Article

Marathon Patent Group Inc's wholly owned subsidiary CRFD Research, Inc., files patent infringement lawsuits against AT&T, Comcast, DirecTV, Akamai Technologies and several other companies
Friday, 17 Jan 2014 06:51pm EST 

Marathon Patent Group Inc:Says that its wholly-owned subsidiary CRFD Research, Inc., has filed patent infringement lawsuits against AT&T, Comcast, DirecTV, Time Warner Cable, Dish Networks, Cox Communications, Level 3 Communications, Akamai Technologies, Cablevision and Limelight Networks.Says CRFD Research has filed ten patent infringement lawsuits in the United States District Court for the District of Delaware.Says CRFD Research is asserting infringement related to U.S. Patent numbers 7,191,233, entitled 'System for automated, mid-session, user-directed, device-to-device session transfer system', and U.S. Patent numbers 7,574,486, entitled 'Web Page Content Translator.Says Mishcon de Reya New York LLP has been retained as litigation counsel.  Full Article

Akamai Technologies Inc announces acquisition of Prolexic - Form 8-K
Monday, 2 Dec 2013 04:15pm EST 

Akamai Technologies Inc:Says on Dec. 2, it, entered into an agreement and plan of merger by and among Akamai, Panther Acquisition Corp., and a wholly-owned subsidiary of Akamai (Sub), Prolexic Technologies, Inc., certain principal shareholders of Prolexic and a representative of the selling equity holders of Prolexic.Says to acquire all of the outstanding equity of Prolexic for a net cash payment of approximately $370 million.Says pursuant to the merger agreement, Sub will merge with and into Prolexic, with Prolexic continuing as the surviving corporation and a subsidiary of Akamai.Says under the merger agreement, 12.5 percent of the Cash Consideration will be deposited in an escrow account at Closing to secure certain indemnification and other obligations of the equity holders to Akamai.  Full Article

Akamai Technologies Inc Acquires Velocius Networks
Monday, 11 Nov 2013 06:30am EST 

Akamai Technologies Inc announced that it has acquired Velocius Networks, a provider of quality of service (QoS) technology for optimizing application traffic across enterprise networks, in a cash transaction. Financial terms of the transaction were not disclosed.  Full Article

Akamai Technologies Inc Issues Q4 2013 EPS Guidance; Revenue Guidance Above Analysts' Estimates-Conference Call
Wednesday, 23 Oct 2013 04:30pm EDT 

Akamai Technologies Inc announced that fourth quarter of 2013, it expects revenue in the range of $412 million to $430 million and non-GAAP EPS in the range of $0.49 to $0.53. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $313 million and EPS of $0.52 for the fourth quarter of 2013.  Full Article

Akamai Technologies Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Monday, 29 Jul 2013 02:00pm EDT 

Akamai Technologies Inc announced that for the third quarter of 2013, it expect revenue in the range of $380 million to $392 million and expect non-GAAP EPS in the range of $0.44 to $0.47. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $387 million and EPS of $0.47 for the second quarter of 2013.  Full Article

Akamai revenue beats Street as security product sales swell

- Akamai Technologies Inc's quarterly profit and revenue beat market estimates as demand jumped both for its security products and mainstay content delivery businesses.

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