With rising interest rates putting the fear of God in investors, it’s tough to find a small-cap tech stock with momentum right now. The tech-laden Nasdaq is down by 16.5% year-to-date and 5.5% year-over-year.
Limelight Networks, Inc. (NASDAQ:LLNW), however, has been bucking the trend. As of this writing, LLNW stock is up by:
- 15.5% over the last three months
- 75% over the last six months
- 43% year-to-date
- 40% year-over-year
And while it’s never fun to join a bandwagon when it’s slowing down, the outlook for Limelight Networks stock is robust.
The post Limelight Networks, Inc.: Overlooked Tech Penny Stock’s Outlook Is Bullish originally appeared at Profit Confidential.