Limelight Stock Soars Higher (LLNW)

NEW YORK ( TheStreet) -- Shares of Limelight Networks (Nasdaq: LLNW) have taken a tremendous swing upward. The stock is trading at $8.40 as of 10:26 a.m. ET, 30% above Monday's closing price of $6.46. Volume is at 14.9 million, 10.9 times the daily average of 1.4 million. Limelight has a market cap of $594.7 million and is part of the services sector and diversified services industry.

Limelight Networks, Inc. provides content delivery network (CDN) services in the United States, Europe, 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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Limelight Ratings Report.

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