** Cloud firm Akamai Technologies AKAM.O soar ~29% to $149.70 premarket

** Co discloses $1.8 billion long-term cloud deal with a frontier model provider

** Sees Q2 rev between $1.08 billion and $1.10 billion, VS estimates of $1.10 billion, according to data compiled by LSEG

** Rev for Q1 came in at $1.07 billion, in line with Wall Street expectations

** Atleast three brokerages raise PT on the stock

** Average rating of 26 analysts is "buy"; their median PT is $120 - LSEG compiled data

** Up to last close, stock rose ~34% YTD