Seeking Alpha

Limelight CEO buys 25K shares

  • Robert Lento, who only became Limelight's (LLNW +2.5%) permanent CEO in January, bought 25K shares yesterday at $1.97. (Form 4)
  • The purchase comes with shares of the CDN owner, struggling with price pressure, tough competition from Akamai/Level 3, and Netflix's efforts to migrate traffic to its own CDN, trading well below late-2010/early 2011 levels.
  • Previous: Limelight tumbles on Q2 miss
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5755) | Send Message
    Either he is trying to save (LLNW) or he thinks the stock is undervalued.;c=
    21 Aug 2013, 01:22 PM Reply Like
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