DIS - Limelight Networks Gets a Boost From TV Streaming During Coronavirus Shutdown
With coronavirus wreaking havoc on business operations and creating mounting uncertainty about the future, first-quarter 2020 earnings have -- unsurprisingly -- been ugly. Few companies have provided guidance for the next quarter, let alone guidance for the full year.
Limelight Networks (NASDAQ: LLNW) is a rare exception. That's because one of the most sure-fire places to put money this year has been in businesses that provide digital content distribution and various web-based technology services. As households have been forced to shelter in place and work from home, the internet is even more important now than ever before, and Limelight Networks stock is up 29% year to date as a result.
The small content delivery network (CDN) company has been getting a boost from some high-profile customers in the media and entertainment industry. For those looking to bet on the migration to TV streaming, Limelight is worth your attention.