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Last $2.29 USD
Change Today -0.08 / -3.38%
Volume 435.7K
As of 8:10 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

limelight networks inc (LLNW) Key Developments

eDreams Odigeo Selects Limelight Networks, Inc. to Power Global Delivery for Their Online Travel Websites

Limelight Networks, Inc. announced that eDreams Odigeo selected the Limelight OrchestrateTM Delivery service to deliver its e-commerce web sites. eDreams Odigeo initially had an internal platform supporting its websites, but needed far more functionality, speed, scalability, and a better global reach. In addition to improving the e-commerce experience, eDreams Odigeo now has detailed reporting capabilities through the Limelight Orchestrate Delivery platform. Actionable analytics include visibility into each global location where their website is accessed, traffic patterns as well as when and what content is viewed. These analytics are essential for making good business decisions.

Akamai Prevails as Patent Infringement Verdict against Limelight Networks is Upheld

Akamai Technologies, Inc. announced that in a unanimous decision the U.S. Court of Appeals for the Federal Circuit sitting en banc held that Limelight Networks, Inc. is liable for direct infringement of a content delivery patent asserted by Akamai. In 2008 a jury had returned a verdict that Limelight was infringing the patent and awarded Akamai over $45 million in damages. This ruling reinstates liability for infringement, which had been overturned in a post-trial ruling that has been the subject of appellate proceedings since.

Limelight Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015; Revises Earnings Guidance for the Full-Year 2015

Limelight Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $43,795,000 against $41,343,000 a year ago. Operating loss was $6,216,000 against $6,976,000 a year ago. Loss from continuing operations before income taxes was $6,272,000 against $7,111,000 a year ago. Loss from continuing operations was $6,362,000 or $0.06 per basic and diluted share against $7,138,000 or $0.07 per basic and diluted share a year ago. Net loss was $6,362,000 or $0.06 per basic and diluted share against $6,869,000 or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities of continuing operations was $587,000 against $1,502,000 a year ago. Purchases of property and equipment were $5,395,000 against $5,844,000 a year ago. Non-GAAP net loss was $4,055,000 or $0.04 per share against $3,630,000 or $0.04 per share. EBITDA from continuing operations was $1,205,000 against $1,855,000 a year ago. Adjusted EBITDA was $901,000 against $1,315,000 a year ago. For the six months, the company reported revenues of $86,124,000 against $82,512,000 a year ago. Operating loss was $13,727,000 against $14,635,000 a year ago. Loss from continuing operations before income taxes was $11,900,000 against $14,695,000 a year ago. Loss from continuing operations was $12,045,000 or $0.12 per basic and diluted share against $14,695,000 or $0.15 per basic and diluted share a year ago. Net loss was $12,045,000 or $0.12 per basic and diluted share against $14,509,000 or $0.15 per basic and diluted share a year ago. Net cash used in operating activities of continuing operations was $3,961,000 against $588,000 a year ago. Purchases of property and equipment were $12,061,000 against $8,909,000 a year ago. Non-GAAP net loss was $6,452,000 or $0.07 per share against $8,019,000 or $0.08 per share. EBITDA from continuing operations was $3,923,000 against $4,111,000 a year ago. Adjusted EBITDA was $1,271,000 against $1,911,000 a year ago. For the full-year 2015, the company is raising revenue guidance to between $170 and $174 million from the previous guidance provided last quarter of between $164 and $170 million. Non-GAAP net loss is now expected to be between $0.10 and $0.16 per share, compared to guidance provided last quarter of a net loss of between $0.08 and $0.18 per share. Capital expenditures for the full-year 2015 are expected to be between $22 and $26 million. The company's revenue for the third quarter of 2015 is expected to be between $42 and $44 million.

Limelight Networks, Inc. Helps Sophos Scale to Meet Increasing Global Software Update Delivery Demands

Limelight Networks, Inc. announced that Sophos has transitioned to the Limelight Orchestrate Delivery and Storage platform to deliver security and identity protection updates every four hours to millions of customers around the world. The solutions designed to protect organizations from security threats are frequently updated to protect increasingly complex networks and a wide range of types of devices. The Orchestrate Delivery platform combines services along with the power of a global private network and unmatched scalable Orchestrate Cloud Storage capacity.

Limelight Networks, Inc. to Report Q2, 2015 Results on Aug 03, 2015

Limelight Networks, Inc. announced that they will report Q2, 2015 results at 4:00 PM, Eastern Daylight on Aug 03, 2015

 

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Price/Sales 1.4x
Price/Book 1.2x
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TEV/Sales 1.0x
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