Limelight Networks, Inc. (NASDAQ:LLNW) has skyrocketed higher over the past 3 days on a great earnings report by the company. Share prices jumped over 25% after the company reported, and continue to show strong upward momentum.
Limelight has been hit by downgrades galore due to the WP (widespread pessimism) from analysts on Wall Street. Dougherty & Company, which has been negative on the stock for quite some time downgraded Limelight from Neutral to Sell. Not only did this firm 'miss the move,' but they also fail to see the large potential that Limelight has before it. Limelight is now a top Content Delivery Network company which also offers cloud based services. They control the lightspeed transportation of content over the internet, which helps companies save money and deliver their content reliably. There is no need to buy servers or hire employees to manage them, when Limelight does it all.
Dougherty is wrong. Limelight is coming in fast, and it's here to stay.
No comments:
Post a Comment