Limelight Networks (LLNW) Approves $25M Buyback Plan

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Go back to Limelight Networks (LLNW) Approves $25M Buyback Plan

Limelight Networks Authorizes New $25 Million New Share Repurchase Program

March 15, 2017 9:15 AM EDT

TEMPE, Ariz.--(BUSINESS WIRE)-- Limelight Networks (NASDAQ: LLNW) today announced that its Board of Directors has authorized a new $25 million share repurchase program.

This authorization demonstrates our belief that the Companys prospects and long-term strategy are not reflected by the Companys current stock price and confirms our commitment to create and return value to our shareholders. We believe that the current strength of our balance sheet and our outstanding cash balance allow us to pursue this program even as we invest in the long-term expansion and growth of our business, said... More