Benzinga | Oct 22, 2020 04:16PM EDT

Limelight Networks: Q3 Earnings Insights

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, 2020

Time: 04:30 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/llnw/mediaframe/41248/indexr.html

Technicals

Company's 52-week high was at $8.19

52-week low: $3.51

Price 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.