Shares of Limelight Networks Inc. (NASDAQ:LLNW) traded at a new 52-week low today of $2.53. This new low was reached on below average trading volume as 536,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.
Limelight Networks Inc. (NASDAQ:LLNW) is currently priced 53.1% above its average consensus analyst price target of $1.21.
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.
Over the past year, Limelight Networks Inc. has traded in a range of $2.53 to $7.04 and is now at $2.59.
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