LLNW - Limelight Networks: The News Simply Doesn't Look This Good

This article was selected to be shared with PRO+ Short Ideas subscribers - find out more here.

I exited my position in content delivery network Limelight Networks (LLNW) after the company's second quarter report in July — and in somewhat of a huff. I'd argued ahead of both 2018 and the Q2 release, in particular, that LLNW increasingly looked like a binary play. That was true fundamentally, given the wide range of initial profit guidance for full year 2019. It was true qualitatively as well, given that a disastrous miss relative