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Why Edgio Stock Plunged Today

TheMotleyFool

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Why Edgio Stock Plunged Today: https://g.foolcdn.com/editorial/images/708932/artificial-intelligence-investing-algorithms.jpg

Shares of Edgio (NASDAQ: EGIO) took a dive today after the content delivery network that resulted from the merger of Limelight Networks and Yahoo's Edgecast missed estimates on the bottom line and offered weak guidance for the fourth quarter.

The stock closed down 35.7% on the news.

Driven by the addition of Edgecast, Edgio's revenue jumped 119% to $121.2 million, which was just slightly below estimates at $121.7 million.

Source Fool.com

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