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AKAM Shares Dip on Netflx Switch

By Market News Video Staff, Tuesday, November 9, 1:43 PM ET

Akamai Technology (NASDAQ:AKAM) shares are falling today on reports that Netflix (NFLX) is switching to Limelight Network (NASDAQ:LLNW) and Level 3 Communications (NYSE:LVLT) as content delivery networks.

Akamai shares are trading lower to by 4.9%, while Limelight shares trade up 17.6% and Level 3 shares trade higher by 24.3%.

Akamai is 38.95% of the Internet Infrastructure HOLDRS (IIH), trading down 2% today, behind VeriSign (NASDAQ:VRSN), which is 52.49% of the portfolio.

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AKAM   Akamai   Communications   Infrastructure   Internet   LLNW   LVLT   Level   Limelight   NFLX   NYSE   Netflix   Network   Technology   VRSN   VeriSign   behind   content   delivery   down   falling   higher   lower   networks   portfolio   reports   shares   switching   that   today   trade   trading   which   while
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