Showing posts with label LimeLightt Newtworks. Show all posts
Showing posts with label LimeLightt Newtworks. Show all posts

Friday, December 14, 2018

Fear in LimeLight Networks Creates Buying Opportunity

Wednesday after the close LimeLight Networks (NASDAQ: LLNW) lowered FY2018 and FY2019 guidance.
Thursday morning the stock fell over 29% to $2.30 off from the $3.20 close on Wednesday.

Equities Research is Bullish LLNW for the long Term and posted to followers on StockTwits at 10am on Thursday with shares at $2.31.

LimeLight Networks traded over 6.5 million shares on the day and closed at $2.59.

One Day Chart for Thursday (TradingView)




10Q Cash Flow Statement can be found here. Wall Street Finest punishing stock (-27%) for a slightly lower guidance is creating a buying opportunity. Limelight revenue coming from both APPLE and Amazon  
FY2018 Q3 10Q click here 


DECEMBER 2017
B. Riley FBR Acts as Sole Book-Running Manager on $69 Million Public Offering of Limelight Networks Inc.: Purchases 15 Million Shares in Bought Secondary @ $4.69

March 2018 Goldman Sachs  @$3.97
TEMPE, Ariz.--(BUSINESS WIRE)-- Limelight Networks, Inc. (NASDAQ: LLNW) (the “Company”), a global leader in digital content delivery, announced today the pricing of a public offering of 15,272,493 shares of its common stock by certain selling stockholders affiliated with The Goldman Sachs Group, Inc. (the “Selling Stockholders”) at a price to the public of $3.97 per share