Why Limelight Networks Stock Tanked Today
Limelight Networks (NASDAQ: LLNW), which operates a content delivery network (CDN), wasn't a bright light on the stock exchange Tuesday. The shares closed down by slightly over 8% on the back of a downgrade from a prominent investment bank.
When Goldman Sachs (NYSE: GS) speaks, the market tends to listen. Unfortunately for Limelight Networks, the investment bank's analyst Brett Feldman is talking recommendation change on the tech stock. He's shifted his to sell from neutral, and is cutting his price target down to $2.50 per share; previously it was $3.
Image source: Getty Images.
Source Fool.com
