Raymond James analyst Frank Louthan upgraded Limelight Networks Inc. from Market Perform to Strong Buy with a price target of $5. The price target implies a 40 percent upside.
“We believe the Limelight team has embarked on a solid transition, applying a combination of new sales, new products, and improved operational discipline to the legacy CDN business. Looking out 12 months, we believe this combination will drive higher sales, and thus, a stronger valuation.”
