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OFFON

LIMELIGHT NETWORKS, INC.

(LLNW)
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Limelight Networks: Q2 Earnings Snapshot

07/29/2021 | 05:59pm EDT

SCOTTSDALE, Ariz. (AP) _ Limelight Networks Inc. (LLNW) on Thursday reported a loss of $13.7 million in its second quarter.

The Scottsdale, Arizona-based company said it had a loss of 11 cents per share. Losses, adjusted for stock option expense and restructuring costs, came to 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The network services company posted revenue of $48.3 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $53.2 million.

Limelight Networks expects full-year results to range from a loss of 15 cents per share to a loss of 5 cents per share, with revenue in the range of $220 million to $230 million.

In the final minutes of trading on Thursday, the company's shares hit $2.67. A year ago, they were trading at $6.41.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LLNW at https://www.zacks.com/ap/LLNW

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on LIMELIGHT NETWORKS, INC.
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Financials (USD)
Sales 2021 217 M - -
Net income 2021 -42,1 M - -
Net Debt 2021 8,39 M - -
P/E ratio 2021 -7,48x
Yield 2021 -
Capitalization 321 M 321 M -
EV / Sales 2021 1,51x
EV / Sales 2022 1,37x
Nbr of Employees 459
Free-Float 95,2%
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Technical analysis trends LIMELIGHT NETWORKS, INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 9
Last Close Price 2,53 $
Average target price 3,61 $
Spread / Average Target 42,6%
EPS Revisions
Managers and Directors
Robert A. Lyons President, Chief Executive Officer & Director
Daniel Richard Boncel Chief Financial Officer, Treasurer & Senior VP
David C. Peterschmidt Non-Executive Chairman
Daniel Carney Senior VP-Global Development & Operations
Michael D. DiSanto Secretary, Chief Administrative & Legal Officer
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