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Fly News Breaks for October 8, 2018
LLNW
Oct 8, 2018 | 08:46 EDT
DA Davidson analyst Mark Kelleher kept his Buy rating and $7 price target on Limelight Networks ahead of its earnings next week, saying his recent meeting with its CFO highlighted the management's expectations of benefits from the new growth areas around Content Delivery Network, edge computing, and real time data. The analyst also believes that the company is "doing a good job" controlling costs while securing new customer wins across its numerous vertical markets to support growth in the coming years.
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