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Stock Market & Financial Investment News

News Breaks
February 7, 2013
12:21 EDTAKAM, LLNWLimelight 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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May 19, 2015
09:58 EDTAKAMOn The Fly: Analyst Downgrade Summary
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07:48 EDTAKAMAkamai downgraded on valuation, comps at Oppenheimer
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07:25 EDTAKAMAkamai price target raised to $88 from $79 at UBS
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06:38 EDTAKAMAkamai downgraded to Perform from Outperform at Oppenheimer
May 13, 2015
15:32 EDTLLNW, AKAMLimelight Networks says favorable ruling received in Akamai patent suit
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14:10 EDTAKAM, LLNWCourt says Limelight Networks did not infringe on Akamai patent, Bloomberg says
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10:28 EDTAKAM, LLNWCourt says Limelight Networks did not infringe on Akamai patent, Bloomberg says
Akamai was looking to reinstate $45.5M patent verdict, added Bloomberg.
07:32 EDTAKAMCLSA to hold a conference
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May 12, 2015
08:31 EDTAKAMAkamai management to meet with JMP Securities
Meetings to be held in Denver on May 13 and in Los Angeles on May 14 hosted by JMP Securities.

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