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Fly News Breaks for December 11, 2019
LLNW
Dec 11, 2019 | 09:21 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Limelight Networks to $4.10 after the company issued initial FY20 guidance bracketing consensus, though the stock fell as the outlook provided for FY19 this time last year was above expectations. The analyst also notes that Q4 results may be driven by one-time events that include the launch of Fortnite Chapter Two, Disney+, and AppleTV+, keeping his Neutral rating with some caution over whether Limelight Networks can meet its next year's goals.
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