Content-delivery networks (CDN) veteran Limelight Networks (NASDAQ: LLNW) crashed on Friday due to a disappointing earnings report on the evening of Thursday, February 11. The company missed Wall Street’s fourth-quarter targets across the board, and analysts were quick to shower the stock in downgrades and lowered price targets. Limelight’s stock fell as much as 28.7% on Friday morning and is now trading near three-year lows.
Let’s see what went wrong in the fourth quarter. As a Limelight shareholder, I need to know whether these issues are fixable and temporary or structural and here to stay.