Limelight Networks (LLNW) is benefiting from the work-from-home movement and confinement measures through increased internet traffic including online video.
Streaming is more than half of Limelight's revenue.
Consequently, the stock price has been on an uptrend since the end of March after successive upgrades by analysts on Wall Street. It is now more than 160% up since August last year, but due to the volatile path, investors are wondering whether there may be more upside.
I am bullish on the stock despite a 4.6% downside following a recent offering to sell $110 million