Sam Badawi(@Sam_Badawi):$AKAM is down almost 4% AH after they announced a $2.6B convertible notes offering split evenly between 2030 and 2032 maturities, with proceeds aimed toward expanding its Cloud Infrastructure Services business, share repurchases, and hedge transactions. The company also authorized roughly $350M in buybacks tied to the offering, signaling continued focus on capital returns while funding long-term AI and cloud infrastructure growth.

Sam Badawi

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Sam Badawi@Sam_Badawi

2026.05.18 20:07

$AKAM is down almost 4% AH after they announced a $2.6B convertible notes offering split evenly between 2030 and 2032 maturities, with proceeds aimed toward expanding its Cloud Infrastructure Services business, share repurchases, and hedge transactions. The company also authorized roughly $350M in buybacks tied to the offering, signaling continued focus on capital returns while funding long-term AI and cloud infrastructure growth.