A Partnership with CERN Could Deliver A 37% Gain
Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of edge cloud services, announced that the European Organization for Nuclear Research (CERN) is using Limelight’s Content Delivery Network (CDN) to live stream important scientific discoveries to thousands of physicists and engineers worldwide.
This partnership is big news for Limelight Networks.
Business Wire noted:
“CERN is one of the most prestigious physics laboratories in the world. The facility is home to some of the world’s largest and most sophisticated research equipment used to analyze the way particles interact with each other. The goal? To help unlock the mysteries of the universe.
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CERN regularly shares knowledge with scientists and the general public around the world. However, it needed a better, more reliable way to stream video to viewers watching from one of its 260 onsite conference rooms and to hundreds of remote locations overseas. After evaluating leading CDN vendors, CERN chose Limelight.”
Limelight Networks has servers located all over the world and delivers live streams based on the fastest possible server at any given time. This reduces bottlenecks and delivers the best possible experiences for viewers. It also ensures that CERN events are scalable, available and accessible everywhere.
As a result, viewers worldwide can tune into any live webcast, such as the announcement of the Higgs boson discovery. This webcast was live streamed via Limelight to more than 50,000 simultaneous viewers and almost a million viewers on demand.
Marek Domaracky, Webcast Service Manager in CERN’s IT Department, said: “When CERN makes a major announcement, we use Limelight to make sure information is flawlessly livestreamed in real-time and to handle traffic spikes along the way.
Limelight’s team of engineers is on hand to join events and are available to us 24×7 to ensure everything runs smoothly.”
Emma Whitmore, Head of Account Management, EMEA at Limelight, added: “We’re honored to help CERN deliver on its mission of communicating knowledge within the science community and with the public at large.
Our CDN is helping to unite people from all over the world to push the frontiers of science for the benefit of all.”
This partnership could also drive a meaningful revenue bump in the second quarter.
LLNW should be considered a buy if momentum increases.
Look for an entry at $2.96 with a price target of at least $4.08 based on the pattern in the chart.