Akamai Technologies, Inc./ US00971T1016 /
|11/27/2015 7:00:00 PM||Chg. +0.2200||Volume||Bid10:11:21 PM||Ask10:11:21 PM||Market Capitalization||Dividend Y.||P/E Ratio|
Turnover: 29.59 mill.
|55.8800Bid Size: 100||58.8000Ask Size: 400||10.3 bill.USD||0.00%||30.96|
Limelight (LLNW 2.4% ) will ask the Supreme Court to review a recent appeals court (CAFC) ruling declaring the company guilty of directly infringing a CDN patent owned by bigger rival Akamai. The S.C., which only hears a tiny % of appealed cases, previously ruled (in a decision applauded by many tech companies) Limelight couldn't be held liable for inducing infringement of the Akamai patent by its users. However, the CAFC later ruled Limelight's control over its users makes it guilty of direct infringement. CEO Bob Lento: "We strongly disagree with the und...
Goldman has downgraded Akamai (NASDAQ:AKAM) to Sell, and cut its target by $10 to $52. The move comes less than a month after shares nosedived due to the soft Q4 guidance (blamed on weakness at large media accounts) provided with a Q3 beat. SA author/streaming analyst Dan Rayburn thinks the guidance is due to Apple, Microsoft, and Facebook moving more of their CDN traffic to in house networks. Shares have fallen to $57.73 premarket. The 52 week low (set in February) is $56.85. Yesterday: Akamai strikes cloud CDN interconnect deal with Google
A month after announcing a partnership related to Microsoft's Azure public cloud platform, Akamai (NASDAQ:AKAM) states it's partnering with Google (GOOG, GOOGL) to create direct interconnects foir in region traffic going between Google's public cloud infrastructure and Akamai's global CDN. The tie up is promised to "reduce hosting and egress costs and improve performance for Akamai customers taking advantage of Google Cloud Platform." Up to a 66% reduction in Google egress costs is promised. Google is believed to be a top 4 public cloud infrastructure/app platform (Ia...
Pete Perrone is resigning as Limelight's (NASDAQ:LLNW) CFO, effective Dec. 4, following more than two years on the job. Chief strategy officer Sajid Malhotra will serve as interim CFO until a successor is found. Limelight asserts Perrone's departure is "unrelated to the recent developments in the Akamai lawsuit and to the financial performance of the business." Shares are down 20% this week amid news the CAFC denied Limelight's request for an appeal of an adverse August decision in the Akamai dispute.
A federal appeals court (the CAFC) has denied Limelight's (NASDAQ:LLNW) request for an appeal of an August decision reinstating a $45M infringement verdict granted to Akamai (AKAM +0.4% ) in its infringement suit against Limelight. Limelight plans to review its options, including a possible appeal to the Supreme Court, which only hears a small portion of appealed cases. The S.C. ruled last year Limelight couldn't be held responsible for inducing infringement by its users. However, the CAFC countered by declaring Limelight's control over its users' actions made it respon...