LLNW - Limelight Networks Stock Spiked Today -- Is the Market Overreacting?
Investors of Limelight Networks (NASDAQ: LLNW) , a content delivery services company, pushed its share price up 13% today after Limelight said that it was buying an edge computing company from Yahoo! and that it would rebrand its name to Edgio.
Making acquisitions is an ordinary move for many publicly traded companies, but investors should know that Limelight's purchase is a pretty significant one for the edge computing company in terms of its size, opportunity, and future.
And that's why investors' optimism today appears to be on point. Let's take a quick look as to why.
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Limelight Networks Stock Spiked Today -- Is the Market Overreacting?