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Why Limelight Networks Stock Dropped 12% in April

Author Bio Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma What happened Limelight Network (NASDAQ:LLNW) shareholders lost ground to a booming market last month. Their stock fell 12% in April compared to a 5.2% spike in the The slump added to wider losses, with the stock down over 20% so far in 2021. Image source: Getty Images. So what Investors panned the cloud services provider s fiscal first-quarter results, which were released late in the month. That report showed a double-digit sales decline and ballooning net losses. Our first quarter was challenging from a top- and bottom-line perspective, incoming CEO Bob Lyons said in a press release.

These 3 Tech Stocks Plunged After Earnings: Buy the Dip?

Author Bio Equipped with its 15-year experience as a former IT engineer, Herve covers the tech sector. When he s not busy writing about cybersecurity, cloud computing, and other fascinating technologies, he enjoys running and traveling. Follow @RV Blandin When you factor in the increasing digitization of enterprises and changes in consumer behavior, the tech industry is riding an ongoing breeze that is only going to grow over the long term. Despite these tailwinds, three tech companies recently reported disappointing quarterly results, sending their share prices lower. Does this mark a slack in the sails, or is it just a lull before the next breeze begins? And if it is just a lull, Should investors buy the dip? Let s take a closer look.

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