Shares of Limelight Networks (Nasdaq:LLNW) were gapping down Tuesday morning with an open price 22.4% lower than Monday's closing price. The stock closed at $3.30 yesterday and opened today's trading at $2.56.
NEW YORK ( TheStreet) -- Shares of Limelight Networks (Nasdaq: LLNW) were gapping down Tuesday morning with an open price 22.4% lower than Monday's closing price. The stock closed at $3.30 Monday and opened today's trading at $2.56. The average volume for Limelight has been 1.7 million shares per day over the past 30 days. Limelight has a market cap of $431.8 million and is part of the services sector and diversified services industry. Shares are down 43.2% year to date as of the close of trading on Monday. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.