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Akamai (AKAM -7.7%) and Limelight (LLNW -10%) are tumbling on news of Netflix's (NFLX +0.1%)...
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Tuesday, June 5, 2012, 9:43 AM ETAkamai (AKAM -7.7%) and Limelight (LLNW -10%) are tumbling on news of Netflix's (NFLX +0.1%) content delivery network (CDN) plans, though fellow CDN owner Level 3 (LVLT -1.8%) is off more modestly. Jefferies thinks Limelight has the most to lose, given Netflix accounted for 11% of its 2011 revenue. Netflix moved away from Akamai in 2010, though its plans could still hurt Akamai by depressing broader demand (and thus pricing) for commodity CDN services.
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