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Stock Market & Financial Investment News

News Breaks
June 2, 2014
18:27 EDTLLNW, AKAMLimelight Networks confirms favorable Supreme Court ruling in patent case
Limelight Networks announced that the Supreme Court of the United States has issued an opinion in case No. 12-786, holding that Limelight Networks is not liable for inducing infringement. Details of the opinion are available here. In the opinion by Justice Samuel Alito, the court reversed an August 2012 ruling by a divided U.S. Court of Appeals for the Federal Circuit that held that there could be liability for induced infringement in cases when no party directly infringed a patent claim. The original lawsuit was filed in 2006. Many companies, organizations, and individuals have filed amicus briefs with the high court on Limelight’s behalf. “We are pleased with the Supreme Court’s unanimous decision,” stated Bob Lento, Limelight’s CEO. “By promoting clear rules governing liability for patent infringement, the Supreme Court’s decision is a win not only for Limelight, but also for innovators throughout the country. We appreciate the support received from so many others, and look forward to full resolution. As always, we remain focused on building our business with innovative offerings, and on providing our customers with the highest quality of service.”
News For LLNW;AKAM From The Last 14 Days
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November 20, 2014
08:08 EDTAKAMAkamai Q4 results tracking ahead of consensus, says Pacific Crest
Pacific Crest believes that Akamai is poised to report stronger than expected Q4 results. The firm keeps a $65 price target and Outperform rating on the shares.
07:19 EDTAKAMUBS to hold a conference
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November 17, 2014
10:02 EDTAKAMOn The Fly: Analyst Initiation Summary
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06:41 EDTAKAMAkamai resumed with a Market Perform at JMP Securities
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November 14, 2014
14:12 EDTAKAMAkamai calls active
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11:27 EDTAKAMAkamai hits highs of day amid takeover speculation
The move higher in shares of Akamai (AKAM) is being attributed to takeover speculation. The suitor rumored to be interested is Alibaba (BABA). Shares of Akamai are at highs of the day, up 3% to $62.00.
November 11, 2014
12:09 EDTAKAMRackspace soars after Q3 results top estimates, $500M share buyback plan
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10:00 EDTAKAMOn The Fly: Analyst Initiation Summary
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07:15 EDTAKAMAkamai initiated with an Outperform at Macquarie
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November 10, 2014
18:32 EDTLLNWOn The Fly: After Hours Movers
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16:09 EDTLLNWLimelight Networks reports Q3 EPS (5c), consensus (6c)
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10:30 EDTAKAMFireEye advances after JPMorgan adds to Focus List
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07:30 EDTAKAMFireEye added to Focus List, Akamai removed at JPMorgan
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