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Wednesday, November 10, 2010

Puffy White Clouds: LLNW, NFLX, LVLT, AKAM, CRM, EQIX

Cloud computing stock Limelight Networks (NASDAQ: LLNW) skyrocketed 17.27% today after Mad Money's Jim Cramer interviewed the CEO last night on his show. He highlighted that Netflix (NASDAQ: NFLX) was a large customer of Limelight which helps to deliver their movies. Akamai (NASDAQ: AKAM) fell over 4% today as mixed rumours stated that Netflix had dropped the company as a service provider. However in other reports, Netflix indicated that relationships were still strong with the CDN provider.

Cloud computing guru Salesforce.com (NYSE: CRM) was up $0.27 today closing at $114.77 per share. Data center expert Equinix (NASDAQ: EQIX) fell 1.78% today. The stock was hammered in early October after the company missed investor expectations.

Communications company Level 3 Communications Inc (NASDAQ: LVLT) was up 18.64% after a deal between Netflix was confirmed. Netflix has been the center of attention today. Level 3 also experienced flash-crash type trading mid-day.

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