Limelight Dims As CDN Wars Rage On

[qi:053] Limelight Networks (LLNW), an aggressive player in the CDN market is feeling the blow back of the CDN price wars. The stock is tanking today, mostly because Wall Street didn’t like their second quarter numbers. Paul Kedrosky thinks that with annual revenues of over $100 million, Limelight could become takeover bait.

Limelight went public in June 2007 and raised $240 million by selling 16 million shares. The stock climbed to shade over $23 a share in early July. Over past 30 days, the stock has declined almost 40% and is now trading at around $14 a share.

Related Stories: Our previous Limelight Networks coverage.

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