Limelight's (LLNW) Shares Shattered

Henry Blodget | August 9, 2007 10:55 AM

Limelight_new 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.

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