Jefferies Starts Limelight Networks, Inc. (LLNW) at Buy
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Price: $2.46 --0%
Rating Summary:
10 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 3 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Jefferies initiates coverage on Limelight Networks, Inc. (NASDAQ: LLNW) with a Buy. PT $3.75.
The firm states, "Shares of Limelight discount many concerns with little credit for potential future prospects—and maintaining this view would be backward looking. The company should see its application services business provide a greater influence on the model, is arguably in a better relative position in the content delivery market, and holds strategic value; any of which could provide a turn for the stock. As such, we are initiating with a Buy."
For more ratings news on Limelight Networks, Inc. click here and for the rating history of Limelight Networks, Inc. click here.
Shares of Limelight Networks, Inc. closed at $2.25 yesterday.
The firm states, "Shares of Limelight discount many concerns with little credit for potential future prospects—and maintaining this view would be backward looking. The company should see its application services business provide a greater influence on the model, is arguably in a better relative position in the content delivery market, and holds strategic value; any of which could provide a turn for the stock. As such, we are initiating with a Buy."
For more ratings news on Limelight Networks, Inc. click here and for the rating history of Limelight Networks, Inc. click here.
Shares of Limelight Networks, Inc. closed at $2.25 yesterday.
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