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Shares of video content-delivery companies Akamai Technologies
AKAM and Limelight Networks
LLNW are plunging on Tuesday after Netflix
NFLX said that it is building its own content-delivery network for video data. At last check, AKAM shares had lost 6.77% to $26.44 while Limelight Networks
LLNW was down almost 14% to $2.33.
Analysts at Jefferies were skeptical about the development at NFLX, saying that this isn't the first time that the company has attempted to bring its content-delivery in house. Nevertheless, the firm thinks the migration of traffic away from commercial vendors is a negative development for both companies and could significantly hurt Limelight given its "sizable" exposure to Netflix.
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