LLNW - Limelight Networks falls as Cowen cuts on pricing pressure

Limelight Networks (LLNW) dropping 1.6% in premarket trading after Cowen cut to market perform, citing pricing pressure due to high customer concentration.Sees upside for the stock as limited as revenue growth is likely hurt by pricing pressure, according to Cowen analyst Colby Synesael.PT cut to $4.75 from $9.Higher volume from Limelight's larger media customers including Disney is being offset by price declines in excess of the "typical" 20%-25%, which will likely lead to "muted" revenue growth starting in 4Q20.LLNW scheduled to report earnings Feb. 11 after the market close.Recall Jan. 29, Limelight Networks slips as B. Riley goes to sidelines.

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Limelight Networks falls as Cowen cuts on pricing pressure