NEW YORK (TheStreet) -- Limelight Networks (Nasdaq:LLNW) is trading at unusually high volume Wednesday with 6.7 million shares changing hands. It is currently at four times its average daily volume and trading up 18 cents (+8.9%) at $2.26 as of 3:01 p.m. ET. Limelight has a market cap of $370.1 million and is part of the services sector and diversified services industry. Shares are down 64.2% year to date as of the close of trading on Tuesday. Limelight Networks, Inc. provides content delivery network services in North America, Europe, the Middle East, Africa, and the Asia Pacific. TheStreet Ratings rates Limelight as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Limelight Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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