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Fly News Breaks for March 29, 2016
LLNW
Mar 29, 2016 | 06:53 EDT
JMP Securities analyst Greg McDowell initiated Limelight Networks with an Outperform rating and $2.50 price target. The analyst believes Limelight is an attractive opportunity for capital appreciation given revenue growth accelerating to the low-double digits as Limelight expands its footprint in its existing customer base, margin expansion, with much of the restructuring and colocation in the past, generating positive free cash flow in FY16, and the overhang of Akamai's lawsuit being lifted.
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