Here's How Limelight Networks, Inc. Shares Doubled In 52 Weeks

Here's How Limelight Networks, Inc. Shares Doubled In 52 Weeks

Digital content delivery specialist Limelight Networks (NASDAQ: LLNW) reported second-quarter results last Wednesday. Limelight delivered a solid earnings surprise, and share prices rose as much as 7% over the next two days as investors digested the report. The stock has now doubled over the past year and continues to trade near 52-week highs.

Over the same year-long period, shares of arch-rival Akamai Technologies (NASDAQ: AKAM) have taken a 7% haircut instead. This is no industrywide tide lifting all boats, but a specific surge of strong execution by Limelight.

Here's how Limelight is pulling off this comeback.

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Source: Fool.com