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 

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