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Fly News Breaks for July 16, 2019
LLNW
Jul 16, 2019 | 07:34 EDT
Cowen analyst Jonathan Charbonneau previewed Q2 earnings for Limelight Networks and called it a "show me story" and believes it will take multiple quarters of consistent results for the stock to work, especially given the back-end loaded nature of its guidance. The analyst said despite it being a second half story, he believes it is meaningfully undervalued and he remains constructive on the name. Charbonneau reiterated his Outperform rating and $4.50 price target on Limelight Networks shares.
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