Limelight Networks (NASDAQ: LLNW) board of directors has authorized a new USD 25m share repurchase program, the company said.
This program replaces the USD 9.5m remaining from the previously announced USD 15m share repurchase program.
The company´s management will determine details of the program (including the timing and amount of any shares repurchased) based on its evaluation of market conditions and other factors.
The company anticipates purchasing its common stock on the open market or in privately negotiated transactions from time to time following the release of the company´s financial results for the quarter ending March 31, 2017.
Limelight Networks, a global leader in digital content delivery, empowers customers to better engage online audiences by enabling them to securely manage and globally deliver digital content, on any device. The company´s award winning Limelight Orchestrate platform includes an integrated suite of content delivery technology and services that helps organizations secure digital content, deliver exceptional multi-screen experiences, improve brand awareness, drive revenue, and enhance customer relationships — all while reducing costs.