Shares of Limelight Networks, Inc. (NASDAQ:LLNW) ended Friday session in green amid volatile trading. The shares closed up +0.14 points or 9.21% at $1.66 with 2,170,708 shares getting traded. Post opening the session at $1.49, the shares hit an intraday low of $1.45 and an intraday high of $1.71 and the price vacillated in this range throughout the day. The company has a market cap of $189.76 million and the numbers of outstanding shares have been calculated to be 104.67 million shares.
Limelight Networks, Inc. (LLNW) on September 7, 2016 announced the expansion of its comprehensive Cloud Security Services with the availability of Limelight Web Application Firewall (WAF), a new cloud-based security service that detects and stops application attacks in real time, protecting websites and web applications from common threats and specialized attacks. The service is integrated with Limelight’s global Content Delivery Network (CDN), providing a secure, distributed architecture that delivers cost-effective protection for web applications without sacrificing performance for security.
Businesses face growing security threats such as targeted attacks to bring down websites, impact performance and steal information. Data sourced from the 10th Annual Worldwide Infrastructure Security Report found that 20 percent of all service providers and 29 percent of all enterprises reported attacks targeting the application layer.
The new cloud-based Limelight WAF service eliminates HTTP application threats by identifying and blocking common attacks such as Cross-Site Scripting and SQL Injection. Requests for an application are filtered in real time and analyzed based on rules from the Open Web Application Security Project (OWASP) 10 most critical security risks. When a new vulnerability is identified, a new security rule is created and pushed to all WAF nodes. As a result, an organization’s web applications are protected 24/7/365 against data theft and defacement of websites.
Companies in the gaming industry, for example, can use Limelight WAF to fight off bot attacks aimed at accessing protected sections of the website or downloading games for free. For e-commerce, Limelight WAF can identify and block brute force attacks aimed at stealing confidential client information such as credit card numbers and personal data.
“Web Applications are attacked around the clock, and the attackers have all the time in the world to try to figure out new ways to breach your websites and cause havoc,” said Steve Miller-Jones, Senior Director of Product Management at Limelight Networks. “This is where Limelight WAF can help. It protects the integrity of your applications by providing the most accurate and advanced cloud-based protection to ensure an always-secure online experience for you and your customers.”
Shares of Hutchinson Technology Incorporated (NASDAQ:HTCH) ended Friday session in green amid volatile trading. The shares closed up +0.01 points or 0.25% at $3.98 with 2,123,302 shares getting traded. Post opening the session at $3.96, the shares hit an intraday low of $3.95 and an intraday high of $3.98 and the price vacillated in this range throughout the day. The company has a market cap of $135.35 million and the numbers of outstanding shares have been calculated to be 33.92 million shares.
Hutchinson Technology Incorporated (HTCH) on Sept. 22, 2016 announced that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with respect to the proposed merger of HTI with and into a wholly owned subsidiary of TDK Corporation (“TDK”). The early termination of the waiting period under the HSR Act satisfies one of the remaining conditions to the closing of the pending merger.
As of August 21, 2016 (the “measurement date”), HTI’s level of cash (subject to certain adjustments) less any outstanding borrowings on its revolving line of credit (the “net cash”), as further defined in the merger agreement with affiliates of TDK, was approximately $47.1 million. Based on HTI’s net cash position as of the measurement date, TDK would acquire all of the outstanding shares of common stock of HTI for total consideration of $4.00 per share.
The merger is currently expected to close no later than October 5, 2016, and remains subject to other customary closing conditions set forth in the merger agreement.