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Fly News Breaks for April 4, 2018
AKAM, LLNW
Apr 4, 2018 | 04:54 EDT
B. Riley FBR analyst Sameet Sinha views the selloff yesterday in shares of Limelight Networks (LLNW) after the company settled its outstanding litigation with Akamai (AKAM) as an overreaction. While Limelight did not receive a windfall, its litigation expense will now decline, Sinha tells investors in a research note. The analyst keeps a Buy rating on the shares with a $6 price target. Limelight closed yesterday down 11% to $3.89.
News For LLNW;AKAM From the Last 2 Days
