Oppenheimer Has Perform Rating On Limelight Networks (LLNW)
Oppenheimer & Co. is maintaining its Perform rating on Limelight Networks, Inc. (NASDAQ: LLNW) after the company hosted its first analyst's day. Oppenheimer does not have a price target.
In the research report, Oppenheimer notes, "Importantly, a unified set of value-added services allows LLNW to address additional market opportunities with a portfolio of solutions designed to solve customer business problems.
Management provided an updated target financial model, highlighting increased revenue growth projections and improved margin goals. However, given the ongoing rollout of new service offerings, we expect near-term trends to remain choppy. We remain on the sidelines, and would wait for sustained growth from the core CDN business before getting more constructive on shares."
Shares of Limelight Networks closed at $4.45 yesterday, a gain of 10 cents.
Is AAPL a Buy, Sell or Hold? Click Here.
