LLNW - Limelight Networks Akamai not threatened by Fastly's guidance cut says bull

Fastly's cut Q3 revenue guidance shouldn't weigh on the broader industry and the company's peer stocks, says B. Riley.The firm maintains Buy ratings for Limelight Networks (LLNW) and Akamai (AKAM), noting that Fastly's news was "more a company-specific issue than a demand-related lateral."B. Riley points out that Fastly's woes were largely tied to TikTok, the company's largest single customer, and AKAM and LLNW don't "index as heavily to TikTok as a customer."Limelight shares are down 1.7% pre-market and Akamai is down 3.7%.Other Fastly peers seeing red: Datadog (DDOG) -5.7%, Cloudflare (NET) -10.6%.Previously: Fastly downgraded after 'surprising' Q3 revenue guidance cut (Oct. 15 2020)

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Limelight Networks, Akamai not threatened by Fastly's guidance cut, says bull