1 Hard-to-Believe Number From Limelight Networks' Earnings
The content delivery network (CDN) specialist Limelight Networks (NASDAQ: LLNW) posted disastrous first-quarter results. Despite the secular growth in its video streaming market, revenue declined because of pricing pressure and poor operational execution.
Looking forward, new CEO Bob Lyons announced an ambitious goal that should provide significant upside for shareholders. But what are the chances for the company to succeed given its disappointing recent performance?
Limelight Networks developed a computing infrastructure for video streaming content to be delivered with optimal performance. So the company's underwhelming first-quarter results are puzzling given the current tailwinds in its core market.
Source Fool.com
