Limelight Networks Inc. (NASDAQ:LLNW) traded at a new 52-week high today of $5.44. Approximately 940,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
Limelight Networks Inc. (NASDAQ:LLNW) defies analysts with a current price ($5.42) 2.6% above its average consensus price target of $5.28.
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.
In the past 52 weeks, Limelight Networks Inc. share prices are bracketed by a low of $2.30 and a high of $5.44 and is now at $5.42, 136% above that low price.
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