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Limelight Networks (LLNW) in Focus: Stock Moves 6.6% Higher

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Limelight Networks, Inc. was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $4.10 –$4.50 in the past one-month time frame, witnessed a sharp increase yesterday.

The shares rose after the company said that it had settled all of its outstanding legal disputes with Akamai Technologies, Inc. (AKAM - Free Report) .

The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. 

Limelight Networks currently has a Zacks Rank #3 (Hold) while its Earnings ESP  is 0.00%.

Limelight Networks, Inc. Price and Consensus

A better-ranked stock in the Internet - Services industry is Autohome Inc. (ATHM - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LLNW going up? Or down? Predict to see what others think: Up or Down

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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

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