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In this article you are going to find out whether hedge funds think Limelight Networks, Inc. (NASDAQ:LLNW) is a good investment right now. We like to check what the smart money thinks first before ...
Mar 7, 2022 · Limelight is also getting $30 million in cash from Apollo Funds, and Apollo Funds has the potential to earn an additional $100 million if Limelight's stock hits certain targets within a 3-year period.
- What Happened
- So What
- Now What
Shares of Limelight Networks (EGIO99900.00%), a content delivery services company, were spiking today after the company announced that it will buy Yahoo!'s Edgecast company -- which includes edge security, content delivery, and video services -- in an all-stock transaction. The deal will expand Limelight's total addressable market and will also res...
Limelight said today that it will purchase Yahoo!'s Edgecast for 72.2 million shares of Limelight common stock, which will give Yahoo! 32% ownership of the combined company when the deal closes. Limelight said in a press release that "the combination will create a globally scaled, edge enabled software solutions provider" with pro forma 2021 revenu...
Considering Limelight's share price spike today, investors are clearly on board with this move. They're likely taking notice of the fact that Limelight's management said that the company's total addressable market will be $40 billion once the deal closes. Management said Limelight has taken its total addressable market from $12 billion to $40 billi...
Hedge fund activity in Limelight Networks, Inc. (NASDAQ:LLNW) At second quarter's end, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 26% from ...
Jan 20, 2022 · Limelight Networks (LLNW) delivered earnings and revenue surprises of 100% and 0.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Oct 15, 2021 · So what. In a note to investors, Craig-Hallum analyst Jeff Van Rhee boosted his price target on Limelight's stock from $3.50 to $4. He also lifted his rating of the stock from hold to buy ...
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Jun 3, 2021 · On June 7, 2007, Limelight Networks went public at $15 per share. 14 years later, LLNW stock trades barely above $3. There's a simple reason why: Limelight simply has never delivered on its potential.
