A few months ago INAP was trying between 8 and 9 dollars so it depends on more than just hard numbers
TLANTA (AP) _ Internap Network Services Corp. (INAP) on Thursday reported a loss of $11.3 million in its fourth quarter.
The Atlanta-based company said it had a loss of 22 cents per share. Losses, adjusted for stock option expense and asset impairment costs, came to 14 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.
The data center manager and Internet traffic routing company posted revenue of $78.8 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $81.2 million.
For the year, the company reported that its loss widened to $48.4 million, or 93 cents per share. Revenue was reported as $318.3 million.
Stubborn.Faith.Hope.All qualities needed to stay the course on this stock but there is some light on the horizon.
Sajid Malhotra, Limelight’s interim chief financial officer, said the company is pleased with the outcome of today’s hearing.
“With the maximum potential loss reduced to $63 million, we believe we have sufficient liquidity to operate the business as planned without additional financing,” Malhotra said in a statement. “We will continue to support our customers with the excellence that they expect.”
Phoenix Business Journal Book of Lists 101
FEBRUARY 23, 2016
Global Markets Discovery Series: Asia
MARCH 24, 2016
Bizwomen Mentoring Monday
APRIL 04, 2016
See More Events
Limelight agreed to post a bond with the court to support the potential loss.
The judge also set a briefing schedule, with a hearing set for mid-April, to determine the validity of the patent “due to intervening changes in the law of patentability and indefiniteness,” according to Limelight.
If successful in its validity challenge, Limelight will eliminate all potential damages in the case.
The court also did not grant a permanent injunction.
Limelight have the tech.wins like this prove that.
TEMPE, Ariz.--(BUSINESS WIRE)--Limelight Networks, Inc. (Nasdaq:LLNW), a global leader in digital content delivery, today announced that Dailymotion, one of the largest video platforms in the world, is using the Limelight Orchestrate (“Orchestrate”) Delivery service to deliver broadcast quality videos in Asia to all Internet connected devices.
“We believe video is the best way to capture and share life’s incredible variety. As our global business expands into more markets it’s important for us to offer the best video experience to our viewers around the globe,” said Guillaume Clement, vice president of engineering at Dailymotion. “When put to the test, Limelight was able to provide Dailymotion with the best streaming experience in Asia Pacific (APAC) to support our rapid expansion in the region.”
Compared to Its peers the share price is ridiculous.
Sentiment is manipulated to enable shorts to make money on this company.
Obviously the Akamai farce is benefiting short sellers.
I ain't selling and have resigned myself to waiting till the end.
Middle finger to shorts.