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Stock Market & Financial Investment News

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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September 30, 2014
07:43 EDTAKAMAkamai October volatility of 23 at low end of historic range
Akamai October call option implied volatility is at 23, November is at 34, January is at 30; compared to its 26-week average of 33, suggesting decreasing near term price movement.
06:39 EDTAKAMAkamai reports DDoS attack traffic down 15% year-over-year
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September 17, 2014
15:46 EDTAKAMApple using own CDN, not Akamai, Level 3, for iOS 8, StreamingMediaBlog says
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