Limelight Networks Inc. (LLNW) Drops 7.59% on January 01

Equities Staff |

Limelight Networks Inc. (LLNW) was one of the Russell 2000's biggest losers for Friday January 01 as the stock slid 7.59% to $1.46, a loss of $-0.12 per share. Starting at an opening price of $1.55 a share, the stock traded between $1.43 and $1.58 over the course of the trading day. Volume was 731,878 shares over 3,287 trades, against an average daily volume of 296,512 shares and a total float of 101.01 million.

The losses send Limelight Networks Inc. down to a market cap of $147.47 million. In the last year, Limelight Networks Inc. has traded between $4.43 and $1.43, and its 50-day SMA is currently $1.81 and 200-day SMA is $2.98.

Limelight Networks Inc operates a computing platform. The Company provides services including content delivery services, video content management services, performance services for website and web application acceleration, and cloud storage services.

Limelight Networks Inc. is based out of Tempe, AZ and has some 556 employees. Its CEO is Robert A. Lento.

For a complete fundamental analysis analysis of Limelight Networks Inc., check out Equities.com’s Stock Valuation Analysis report for LLNW. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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