The effective Internet delivery of "rich" media content takes high-level skills and corporations are increasingly turning the matter over to specialists. These is an outfit in Tempe, Arizona that has the expertise and the sort of big-name clients it attracts.

Limelight Networks (NASDAQ: LLNW) is a high-performance content delivery network for digital media, providing global solutions for on-demand and live Internet distribution of video, music, games, software and social media. The company supports both download and streaming delivery in such formats as Adobe Flash, MP3 audio, QuickTime, RealNetworks RealPlayer and Windows Media. Clients include Microsoft (NASDAQ: MSFT) Xbox Live, Sony (NYSE: SNE) Playstation 3, Amazon (NASDAQ: AMZN) Unbox and Facebook. The firm went public on June 8 of this year.

Investors were pleased earlier in the month, when the company issued Q3 revenue guidance of $27.5-$28.0 million. That range topped previous guidance of $27-$28 million and analyst consensus of $26.2 million. The firm also said it had corrected a weakness in its internal controls and would be restating results for last year, and the first and second quarters of this year, to reflect higher revenue. The news kept LLNW shares cycling through a positive seven-week trading channel. The price is currently consolidating at the base of that channel, where an oversold Stochastic parameter suggests the potential for a rise back toward the top. Correspondence of the stock's 30-day moving average to the channel base backs the rebound notion.

Brokers recommend the shares with two "strong buys," two "buys," five "holds" and a "sell." Analysts expect a 35% average annual growth rate through the next five years. The LLNW Price to Book ratio (3.55) and Sales Growth rate (66.43%) compare favorably with industry, sector and S&P 500 averages. Institutions own about 53% of the outstanding shares. Since going public, the stock has traded between $6.72 and $24.33. A stop-loss of $9.20 looks good here. Note that the company is expected to report Q3 results during the week of November 5th.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.