Limelight Stock Falls On Unusually High Volume (LLNW)

NEW YORK ( TheStreet) -- Limelight Networks (Nasdaq: LLNW) is trading at unusually high volume Wednesday with 8.7 million shares changing hands. It is currently at 6.5 times its average daily volume and trading down 21 cents (-2.6%) at $7.99 as of 3:01 p.m. ET. Limelight has a market cap of $640.3 million and is part of the services sector and diversified services industry. Shares are up 41.1% year to date as of the close of trading on Tuesday.

Limelight Networks, Inc. provides content delivery network (CDN) services in the United States, Europe, and the Asia Pacific.

TheStreet Ratings rates Limelight as 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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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