LLNW - How Limelight Networks Stock Rose 25.5% in November
Shares of content-delivery network (CDN) operator Limelight Networks (NASDAQ: LLNW) gained 25.5% in November 2020, according to data from S&P Global Market Intelligence . The stock was set up for a significant bounce last month after crashing 39% lower in October .
The October plunge was based on a mixed earnings report in which Limelight beat Wall Street's revenue targets but fell short of analysts' earnings estimates. The earnings miss was explained by interest payments on a new debt balance of $105 million, and the lowered bottom-line guidance for the next quarter also corresponded to the same debt-service expenses.
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How Limelight Networks Stock Rose 25.5% in November