Why Limelight Networks Shares Fell 14.8% in July
What happened
Shares of Limelight Networks(NASDAQ:LLNW) fell 14.8% in July 2020, according to data from S&P Global Market Intelligence. The content delivery network (CDN) operator delivered a mixed second-quarter report. A few investors brushed off the company’s solid sales to focus on soft earnings instead, cashing in some of their Limelight profits.
Time to buy? Image source: Getty Images.
So what
On July 20, Limelight reported a $0.01 loss per share, an improvement from a $0.03 loss p…
