Cowen & Company Initiates Limelight Networks With Outperform

Cowen & Company initiated coverage on Limelight Networks, Inc. (NASDAQ: LLNW) with a Outperform rating.

The target price for Limelight Networks is set to $5.

Limelight Networks shares have gained 27.42 percent over the past 52 weeks, while the S&P 500 index has surged 4.63 percent in the same period.

Limelight Networks' shares rose 1.77 percent to $4.02 in after-hours trading.