New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:06 EDTLLNWLimelight Networks appoints Walter Amaral as chairman of the board
Amaral fills the chairman role created by the previously announced resignation of Jeffrey Lunsford on January 22. Amaral has served on the board since May 2007.
News For LLNW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
12:52 EDTLLNWAkamai retreats after Wells cuts rating on traffic trends
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use