More bad news for the cratering CDN sector. From 24/7 Wall St: Limelight Networks (LLNW), the content delivery network and Akamai (AKAM) and Panther Express competitor which recently went public, is off over 37% in today’s trading. The company traded as high as $24.33 after its IPO and now sits at $8.85.
Investors mainly hated the guidance, which was dismal for a recent IPO.
Disclosure: SAI’s chairman is an investor in and CEO of Panther Express.