BUZZ-Akamai Technologies surges on $1.8 billion cloud deal

Akamai Technologies, Inc.

Akamai Technologies, Inc.

AKAM

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** Shares of cloud firm Akamai Technologies AKAM.O rise 26% in $147.50 in extended trading

** Discloses a $1.8 billion long-term cloud deal; forecasts underwhelming quarterly revenue

** Expects second-quarter revenue in the range of $1.08 billion to $1.10 billion, compared with estimates of $1.10 billion - data compiled by LSEG

** First-quarter revenue of $1.07 billion, in line with expectations

** As of Thursday's last close, stock up 33.7% YTD


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