After-Hours Movers: AKAM, ZS, WTTR

Akamai Technologies (NASDAQ: AKAM)

Akamai shares jumped 17% after announcing a massive, expanded $11.6 billion 7-year cloud infrastructure commitment with Anthropic to support distributed CPU and AI workloads. As part of the strategic alignment, Akamai issued Anthropic a warrant for up to 7.7 million shares (~5% of outstanding stock) at $111.33 per share, with vesting tied to contract milestone execution over the seven-year term.

Zscaler (NASDAQ: ZS)

Zscaler fell 4% following the appointment of Ross Tackett as Chief Revenue Officer, effective October 1, 2026. While Tackett brings extensive enterprise software sales leadership, the sudden executive change triggered near-term profit-taking.

Select Water Solutions (NYSE: WTTR)

Select Water Solutions rose 13% after entering into a definitive agreement to acquire Pilot Water Solutions for $700 million in equity and cash (plus up to $15 million in contingent consideration). The acquisition significantly expands Select's water midstream footprint across the Delaware Basin, with the transaction expected to close in Q4 2026.

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