Shares of Limelight Networks Inc. (NASDAQ:LLNW) traded today at $5.28, eclipsing its 52-week high. So far today approximately 940,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.
In the past 52 weeks, shares of Limelight Networks Inc. have traded between a low of $2.30 and a high of $5.28 and is now at $5.26, which is 129% above that low price.
Limelight Networks Inc provides a content delivery network and value-added services, that help content owners improve streaming quality, download speeds, and advertising capabilities. It owns a network of servers that help control the performance and quality of users watching videos and using websites on fixed and mobile networks. Its solution includes Realtime Streaming, IoT and Edge Compute, File Distribution, Web Content Delivery, Live Video, and others. Its product portfolio includes content and video delivery, edge cloud, cloud security, origin storage, and others. Geographically, the company operates in three geographic areas namely the Americas which is the key revenue driver, Europe, Middle East and Africa (EMEA), and the Asia Pacific.
Limelight Networks Inc. (NASDAQ:LLNW) is currently priced 7.1% above its average consensus analyst price target of $4.88.
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