Here's How Limelight Networks, Inc. Shares Doubled In 52 Weeks
Digital content delivery specialist Limelight Networks (NASDAQ: LLNW) reported second-quarter results last Wednesday. Limelight delivered a solid earnings surprise, and share prices rose as much as 7% over the next two days as investors digested the report. The stock has now doubled over the past year and continues to trade near 52-week highs.
Over the same year-long period, shares of arch-rival Akamai Technologies (NASDAQ: AKAM) have taken a 7% haircut instead. This is no industrywide tide lifting all boats, but a specific surge of strong execution by Limelight.
Here's how Limelight is pulling off this comeback.
Source: Fool.com
Akamai Tech. Stock
€94.36
-0.240%
Currently there is a rather positive sentiment for Akamai Tech. with 13 Buy predictions and 3 Sell predictions.
As a result the target price of 107 € shows a slightly positive potential of 13.4% compared to the current price of 94.36 € for Akamai Tech..
