|Bid||6.17 x 3100|
|Ask||5.14 x 1000|
|Day's Range||5.82 - 6.23|
|52 Week Range||3.51 - 8.19|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.87|
Limelight Networks (LLNW) delivered earnings and revenue surprises of -150.00% and 0.73%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Limelight Networks (NASDAQ:LLNW) moved lower by 18% after the company reported Q3 results.Quarterly Results Earnings per share were down 200.00% year over year to ($0.01), which missed the estimate of $0.02.Revenue of $59,243,000 higher by 15.44% year over year, which beat the estimate of $58,940,000.Outlook The upcoming fiscal year's EPS expected to be between ($0.02) and $0.08.The upcoming fiscal year's revenue expected to be between $230,000,000 and $240,000,000.How To Listen To The Conference Call Date: Oct 22, 2020View more earnings on LLNWTime: 04:30 PMET Webcast URL: https://78449.choruscall.com/dataconf/productusers/llnw/mediaframe/41248/indexr.htmlTechnicals Company's 52-week high was at $8.1952-week low: $3.51Price action over last quarter: down 11.87%Company Profile Limelight Networks Inc provides content delivery network and value-added services, that help content owners improve streaming quality, download speeds, and advertising capabilities. It owns a network of servers that help control the performance and quality of users watching videos and using websites on fixed and mobile networks. Its solution includes Realtime Streaming, IoT and Edge Compute, File Distribution, Web Content Delivery, Live Video, and others. Its product portfolio includes content and video delivery, edge cloud, cloud security, origin storage, and others. Geographically, the company operates in three geographic areas namely Americas which is the key revenue driver, Europe, Middle East and Africa (EMEA) and the Asia Pacific.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 22, 2020 * 12 Technology Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Limelight Networks, Inc. (Nasdaq: LLNW) (Limelight), a leading provider of video delivery and edge cloud services, today reported record revenue of $59.2 million for the third quarter of 2020, up 15 percent, compared to $51.3 million in the third quarter of 2019.