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Fly News Breaks for October 19, 2018
LLNW
Oct 19, 2018 | 08:02 EDT
Cowen analyst Jonathan Charbonneau noted Limelight Networks reported in-line Q3 results and maintained its 2018 guidance but it slightly increased its EBITDA and EPS guidance. He said the current quarter shows how the company is focused on traffic rather than price and is not willing to sacrifice margin for growth. Charbonneau believes the shares are meaningfully undervalued and he reiterated his Outperform rating and $6.50 price target on Limelight Networks shares.
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