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Fly News Breaks for July 2, 2019
LLNW
Jul 2, 2019 | 07:38 EDT
DA Davidson analyst Rishi Jaluria assumed coverage of Limelight Networks with a Neutral rating and $2.70 price target. In a research note to investors, Jaluria says that while management, led by CEO Bob Lento and CFO Sajid Malhotra, has done an "impressive" job turning around the company, after the turnaround yielded four consecutive quarters of double-digit revenue growth, growth has turned negative and pressured margins at the same time. As a result, Jaluria says he remains in "wait-and-see mode" for now.
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