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News Breaks
February 7, 2013
12:21 EDTLLNW, AKAMLimelight falls after competitor Akamai disappoints Street
Internet content delivery network Limelight Networks (LLNW) is declining after its larger competitor, Akamai Technologies (AKAM), reported lower than expected fourth quarter revenue, and predicted that sales for the current quarter would also come in below expectations. Akamai's earnings per share in the fourth quarter, excluding certain items, beat expectations. The company predicted that its earnings during the current quarter would also surpass analysts' expectations. However, Akamai noted that the guidance for its current quarter factors in a lower tax rate, driven by an R&D tax credit. Moreover, Akamai's guidance implies that its revenue growth will slow during the current quarter. In a note to investors earlier today, Jefferies analyst Aaron Schwartz downgraded Akami to Hold from Buy. Akamai intends to increase its expenditures much more than expected, the analyst wrote. This development, along with the decline in the company's revenue growth, is likely to keep the stock from advancing significantly in the near term, according to Schwartz. In early afternoon trading, Limelight retreated 4% to $2.30, while Akamai tumbled 15.5% to $35.
News For LLNW;AKAM From The Last 14 Days
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April 14, 2014
07:06 EDTAKAMU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 10, 2014
10:00 EDTAKAMOn The Fly: Analyst Upgrade Summary
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07:19 EDTAKAMAkamai upgraded to Buy from Neutral at B. Riley
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06:00 EDTAKAMAkamai upgraded to Buy from Neutral at B. Riley
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April 8, 2014
11:27 EDTAKAMOptions with increasing implied volatility: PBR AKAM WDAY EXPE
April 7, 2014
11:49 EDTAKAMOptions with increasing implied volatility: PBR AKAM HST L
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07:44 EDTLLNWMarketo to hold a summit
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