Why Limelight Networks Shares Are Soaring Today
Shares of Limelight Networks (NASDAQ: LLNW) were trading 10.3% higher at 1:30 p.m., EDT today. The content delivery network (CDN) company soared thanks to a bullish analyst note.
In a note to investors, Craig-Hallum analyst Jeff Van Rhee boosted his price target on Limelight's stock from $3.50 to $4. He also lifted his rating of the stock from hold to buy, indicating that it looks like a solid investment today. Limelight shares closed Thursday's trading at $2.53 per share, so the analyst's new price target represents a potential upside of 58%.
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Source Fool.com
