|Bid||3.5300 x 39400|
|Ask||3.5500 x 3000|
|Day's Range||3.4350 - 3.7000|
|52 Week Range||3.4300 - 8.1900|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 27, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.22|
The wheels have started to come off the internet infrastructure stock party. Booming web traffic during the economic lockdown in the spring has started to moderate, and the first hyper-growth stock to be tamed was Fastly (NYSE: FSLY). Next up was Limelight Networks (NASDAQ: LLNW), which just endured a nearly 40% drubbing after posting third-quarter 2020 results mostly in line with its own expectations.
The content delivery network specialist's stock price dropped by more than 25% after third-quarter results revealed a surprisingly low gross margin.
Investors overreacted to a small earnings miss that sprung from a perfectly ordinary financing choice.