Limelight (LLNW) (WAT) (ARRS) (BSX) (SEAC) (CHKP) Get New Coverage

Limelight Networks (NASDAQ: LLNW), Waters Corporation (NYSE: WAT), Arris Group, Inc. (NASDAQ: ARRS), Boston Scientific (NYSE: BSX), SeaChange (NASDAQ: SEAC) and Check Point Software (NASDAQ: CHKP) get new analyst coverage.

Madison Williams initiated coverage on Waters Corporation (NYSE: WAT) is now covered by analysts at . The analysts placed a “neutral” rating on the company.

Kaufman Brothers initiated coverage on Arris Group, Inc. (ARRS). They placed a “Buy” rating and a price target of $12.00 on the company.

Jefferies (NYSE:JEF) initiated coverage on Limelight Networks (LLNW). They placed a “Buy” rating and a price target of $3.75 on the company.

Mizuho initiated coverage on Boston Scientific (BSX). They placed an “Outperform” rating on the company.

Kaufman Brothers initiated coverage on SeaChange (SEAC). They placed a “Hold” rating and a price target of $9.00 on the company.

Jefferies initiated coverage on Check Point Software (CHKP). They placed a “Buy” rating and a price target of $66.00 on the company.

Ryanair (RYAAY) (BXP) (COF) (CRZBY) (FFIV) (LLNW) Upgraded

Ryanair Holdings plc (NASDAQ: RYAAY), Boston Properties (NYSE: BXP), Capital One (NYSE: COF), Commerzbank AG (NASDAQ: CRZBY), F5 Networks (NASDAQ: FFIV) and Limelight Networks (NASDAQ: LLNW) upgraded by analysts.

Ryanair Holdings (RYAAY) was upgraded by RBS from a “Hold” rating to a “Buy” rating.

Boston Properties (BXP) was upgraded by Macquarie to a “Market Perform” rating.

Capital One (COF) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating. They have a price target of $56.00 on the company, up from $49.00.

Commerzbank AG (CRZBY) was upgraded by WestLB to a “Buy” rating.

F5 Networks (FFIV) was upgraded by William Blair from a “Market Perform” rating to an “Outperform” rating.

Limelight Networks (LLNW) was upgraded by Raymond James (NYSE:RJF) from an “Underperform” rating to a “Market Perform” rating.

Triangle (TPLM) (TISA) (NETL) (ACPW) (HNR) (LLNW) Get New Coveage

Triangle Petroleum (NASDAQ: TPLM), Top Image Systems (NASDAQ: TISA), NetLogic Microsystems, Inc. (NASDAQ: NETL), Active Power (NASDAQ: ACPW), Harvest Natural Resources, Inc. (NYSE: HNR) and Limelight Networks (NASDAQ: LLNW) getting new analyst coverage.

Rodman & Renshaw initiated coverage on Top Image Systems (TISA). They placed an “Outperform” rating and a price target of $4.00 on the company.

BMO Capital Markets initiated coverage on Triangle Petroleum (TPLM). They placed a “Market Perform” rating on the company.

Wunderlich initiated coverage on NetLogic Microsystems, Inc. (NETL). They placed a “Buy” rating and a price target of $40.00 on the company.

Rodman & Renshaw initiated coverage on Active Power (ACPW). They placed a “Market Perform” rating on the company.

Rodman & Renshaw initiated coverage on Harvest Natural Resources, Inc. (HNR). They placed an “Outperform” rating and a price target of $20.00 on the company.

Janney Montgomery Scott initiated coverage on Limelight Networks (LLNW). They placed a “Neutral” rating on the company.

Limelight (LLNW) (UTX) (BDX) (HSIC) (CLNE) (SYKE) Downgraded

Limelight Networks (NASDAQ: LLNW), United Technologies Co. (NYSE: UTX), Becton Dickinson And Co (NYSE: BDX), Henry Schein, Inc. (NASDAQ: HSIC), Clean Energy Fuels Corp. (NASDAQ: CLNE) and Sykes Enterprises, Incorporated (NASDAQ: SYKE) downgraded by analysts.

Limelight Networks (LLNW) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.

United Technologies Co. (UTX) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.

Becton Dickinson And Co. (BDX) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.

Henry Schein, Inc. (HSIC) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating. They have a price target of $70.00 on the company.

Clean Energy Fuels Corp. (CLNE) was downgraded by Northland Securities from an “Outperform” rating to a “Market Perform” rating. They have a price target of $14.00 on the company, down from $17.00.

Sykes Enterprises, Incorporated (SYKE) was downgraded by Craig Hallum from a “Buy” rating to a “Hold” rating.

Ratings on (AJG) (AVEO) (CPYYY) (HSY) (LLNW) (STN) Upgraded

Ratings on shares of Arthur J. Gallagher & Co. (NYSE: AJG), Aveo Pharmaceuticals (NASDAQ: AVEO), Centrica PLC (OTC: CPYYY), Hershey (NYSE: HSY), Limelight Networks (NASDAQ: LLNW) and Stantec Inc (NYSE: STN) were upgraded by analysts.

Standpoint Research upgraded Arthur J. Gallagher & Co. (AJG) from a “sell” rating to a “hold” rating.

MP Advisors upgraded Aveo Pharmaceuticals (AVEO) from an “underperform” rating to a “market perform” rating. They have a price target of $20.00 on the company, up from $11.00.

Deutsche Bank (NYSE:DB) upgraded Centrica PLC (CPYYY) from a “hold” rating to a “buy” rating.

Standpoint Research upgraded Hershey (HSY) from a “hold” rating to a “buy” rating.

Dougherty & Co. upgraded Limelight Networks (LLNW) from a “sell” rating to a “neutral” rating. They now have a price target of $5.50 on the company.

DA Davidson upgraded Stantec Inc (STN) from a “neutral” rating to a “buy” rating.

Ratings on (STN) (AVEO) (LLNW) (ANN) (EPM) (VTR) Upgraded

Ratings on Stantec (NYSE:STN), AVEO Pharma (NASDAQ:AVEO), Limelight Networks (NASDAQ:LLNW), AnnTaylor (NYSE:ANN), Evolution Petroleum (AMEX:EPM) and Ventas (NYSE:VTR) were upgraded by analysts.

DA Davidson upgraded Stantec (STN) from a "Neutral" rating to a "Buy" rating.

MP Advisors upgraded AVEO Pharma (AVEO) from an "Underperform" rating to a "Market Perform" rating. They raised their price target on the company from $11 to $20.

Canaccord Genuity upgraded NetApp (NTAP) from a "Hold" rating to a "Buy" rating. They raised their price target on the company from $58.50 to $62.

Dougherty & Company upgraded Limelight Networks (LLNW) from a "Sell" to "Neutral." They have a price target of $5.50 on the company.

Wedbush upgraded AnnTaylor (ANN) from a "Neutral" rating to and "Outperform" rating. They increased their price from $27 to $38 on the company.

Global Hunter Securities upgraded Evolution Petroleum (EPM) from a "Neutral" rating to a "Buy" rating. They their price target from $8.50 to $12.50 on the company.

Robert W. Baird upgraded Ventas (VTR) from an "Underperform" rating to a "Neutral" rating. They raised their price target from $48 to $50 on the company.

Limelight Networks (NASDAQ:LLNW) Soaring on Strong Guidance

One nice thing about being a provider of picks and shovels in a growing sector, is it doesn't matter who ends up winning the battle, the supplier of tools will win either way, as in the case of Limelight Networks (NASDAQ:LLNW).

For example, there is a battle brewing as TV and movie content migrates to a digital delivery model. While Netflix Inc. (NASDAQ:NFLX) could end up losing that battle as larger competitors embrace the digital business model, Limelight Networks should continue growing.

Limelight recently reported revenue of $55.2 million, surpassing analysts' estimates of $50.3 million.

More importantly, the company gave strong guidance for the current quarter, with sales of $48 to $49.5 million. Above the $48.2 million estimate.

Full-year guidance is from 15 to 20 percent, while analysts are looking for 16 percent on average.

Once larger companies start competing on a increased level in digital delivery of content, companies like Limelight Networks Inc. could soar in revenue and earnings.

Limelight was trading at $8.40, gaining $1.94, or 29.95 percent, as of 2:49 PM EST.

Concur (Nasdaq:CNQR), SuccessFactors (Nasdaq:SFSF), Oracle (Nasdaq:ORCL), Limelight (Nasdaq:LLNW) Should Outperform

Concur (Nasdaq:CNQR), SuccessFactors (Nasdaq:SFSF), Oracle (Nasdaq:ORCL) and Limelight (Nasdaq:LLNW) are all considered outperformers by FBR, with all of them considered leaders in their respective sector.

FBR said, "With the start of each new year, we like to look at how our covered companies will perform against Street expectations for that year.

"Specifically, we break down expectations into two components: (1) consensus estimates and (2) what we believe are the embedded expectations in the shares. Sometimes they are synonymous; sometimes they can vary dramatically, particularly in our sector. While executing against these expectations is only one factor driving share performance, it clearly is an important one. It is under that premise that we then chart the potential performance against each expectation to graphically depict those shares that we believe should outperform."

1) SaaS vendors of choice: We believe Concur Technologies (Nasdaq: CNQR) and SuccessFactors (Nasdaq: SFSF) can both execute well against expectations. Regarding Concur, we believe the company's numerous growth initiatives will help drive upside, most notably in the back half of the year. For SuccessFactors, we expect the company's renewed focus on building out sales capacity and targeting new customer growth, combined with an expansive suite of solutions and an underpenetrated market, should provide significant tailwinds that allow the company to post better-than-expected billings growth.

2) Traditional software vendor of choice: We think Oracle (Nasdaq: ORCL) is best positioned among the traditional software vendors because we think there are greater cost synergies to be had with the Sun acquisition than expected and because we believe the company will start to compete sooner and better than expected in the integrated systems marketplace; all of which should drive consistent and modest outperformance versus expectations.

3) CDN of choice: Of the two pure-play content delivery network (CDN) vendors, we prefer shares of Limelight Networks (Nasdaq: LLNW). We believe this turnaround story is still in progress, that expectations remain low, and that the company's ability to execute against those expectations is good.

Concur was trading at $54.97, up $0.29, or 0.53 percent, as of 11:29 AM EST. SuccessFactors SuccessFactors was at $31.33, up $0.21, or 0.67 percent. Oracle was trading at $31.00, down $0.04, or 0.10 percent. Limelight was at $6.16, down 0.09, or 1.44 percent.

Comcast (Nasdaq:CMCSA) Seeking Fees from Akami (Nasdaq:AKAM), Limelight (Nasdaq:LLNW), Level 3 (Nasdaq:LVLT)

Saying they're subsidizing the content delivery businesses of Akami (Nasdaq:AKAM), Limelight (Nasdaq:LLNW) and Level 3 (Nasdaq:LVLT), Comcast (Nasdaq:CMCSA) has asked them all to pay fees to them.

Kaufman said, "On November 19, Comcast informed Level 3 that it would charge it a recurring fee to transmit online video content to Comcast subs. The request followed a November 11 announcement from Level 3 that it was selected as the primary content delivery network (CDN) for Netflix. Comcast also requested fees from Akami and Limelight for similar over-the-top (OTT) services and came to commercial agreements. However, Level 3 balked at the request, and instead accused Comcast of anti-competitive business practices, charging the request violates the principle of net neutrality, and asking the FCC to block the Comcast/NBCU deal. Comcast argues that it has made an investment to enable these services and it should not be forced to subsidize someone else's business."

Kaufman made several other observations:

1) Comcast's actions put the concept of Net Neutrality to a test. Comcast's demands from Level 3 clearly violate the principals of net neutrality. That being open and equal access to all Internet content. However, the commercial model for achieving this goal remains elusive, particularly when juxtaposed against the FCC's other mandate of increasing broadband penetration, and importantly, the legal framework for defining and enforcing these principles is virtually nonexistent;

2) Aggressive stance signals comfort with regulatory environment. Comcast is a relatively conservative organization. We believe Comcast's aggressive stance with Level 3 is a signal that it is comfortable with the regulatory treatment of both the proposed NBCU deal and the FCC's upcoming proclamation on net neutrality;

3) The ability to charge for last-mile access would enhance cable's position...If Comcast is successful in seeking a fee from Level 3, the CDN will likely be forced to push this cost back to Netflix, or other OTT content providers, effectively ending the economic advantage of OTT distribution.

Kaufman maintains a "Buy" rating on Comcast, which closed Tuesday at $20.04, falling $0.17, or 0.87 percent. Kaufman has a price target of $25 on them.