Limelight Networks, Inc. (LLNW) - NASDAQ
  • Sep. 28, 2015, 3:00 PM
    • Plenty of high-beta tech names are getting clobbered as the Nasdaq posts a 3% drop amid a broad market selloff.
    • Firms down over 5% include memory giant Micron (MU -5.6%), salvage auction site Liquidity Services (LQDT -10.5%), industrial measurement toolmaker Perceptron (PRCP -12.1%), cloud healthcare software provider Castlight (CSLT -5.4%), CDN owner Limelight (LLNW -8.6%), mortgage origination software firm Ellie Mae (ELLI -6.1%), ultracapacitor maker Maxwell (MXWL -8.5%), Korean analog/mixed-signal chipmaker MagnaChip (MX -9.3%), online loan marketplace LendingTree (TREE -7.9%), and online ad retargeting firm Criteo (CRTO -5.9%).
    • Micron's decline comes ahead of its Thursday FQ4 report. Nomura predicted today FQ4 results will miss consensus, and that FQ1 will also be weak. "While an estimate cut is well understood, we believe Micron’s stock will continue to track DRAM/NAND pricing, which is trending lower into the peak of the build season.” Cowen, on the other hand, argued FQ4 will be the bottom, and stated checks point to Samsung "pulling back meaningfully on capex."
    • See also: Solar stocks, GoPro, Mindbody, Qorvo
    | Sep. 28, 2015, 3:00 PM
  • Aug. 13, 2015, 12:45 PM
    | Aug. 13, 2015, 12:45 PM | 3 Comments
  • Aug. 13, 2015, 12:11 PM
    • A federal appeals court (the CAFC) has reinstated a $45M infringement verdict against Limelight (NASDAQ:LLNW) in a suit filed by larger rival Akamai (AKAM +0.1%) over the alleged infringement of a patent related to media content delivery.
    • The ruling vacates a May decision from the CAFC declaring Limelight didn't directly infringe Akamai's patent. The Supreme Court ruled in 2014 Limelight couldn't be held responsible for inducing infringement by users. However, the CAFC states today Limelight's control over its users makes it responsible for any infringement that occurs.
    • Many tech companies have backed Limelight, arguing an Akamai win could open the door to numerous frivolous suits from patent trolls alleging induced infringement. Limelight has tumbled below $3.
    • Update (12:39PM ET): Limelight is now down 18.6%.
    | Aug. 13, 2015, 12:11 PM
  • Aug. 4, 2015, 4:02 PM
    • Limelight (NASDAQ:LLNW) guided on its earnings call (transcript) for Q3 revenue of $42M-$44M and EPS of -$0.10 to -$0.16. The former is above a $41.4M consensus, but the latter is below a -$0.03 consensus.
    • Full-year revenue guidance has been hiked to $170M-$174M from a prior $164M-$170M, putting it above a $168.9M consensus.
    • Discussing its Q2 results - revenue beat, but EPS was only in-line - Limelight mentioned it saw a mix shift towards high-volume CDN clients, and that (thanks to the volume discounts given to these clients) it "saw a price compression at a higher than normal rate." This trend is expected to continue for the rest of the year.
    • Microsoft could be one of those big clients: Limelight mentioned it's taking part in the Windows 10 launch, which led to a major spike in U.S. Web traffic.
    • Q2 results, PR
    | Aug. 4, 2015, 4:02 PM
  • Aug. 3, 2015, 4:06 PM
    • Limelight Networks (NASDAQ:LLNW): Q2 EPS of -$0.04 in-line.
    • Revenue of $43.8M (+6.0% Y/Y) beats by $2.47M.
    | Aug. 3, 2015, 4:06 PM | 5 Comments
  • Aug. 2, 2015, 5:35 PM
  • Jul. 2, 2015, 11:44 AM
    • Cowen has launched coverage on Limelight (NASDAQ:LLNW) with an Outperform rating and $5.00 target.
    • The CDN owner is now up 50% YTD. Shares jumped two months ago thanks to a Q1 beat and strong Q2/2015 guidance.
    | Jul. 2, 2015, 11:44 AM
  • Jun. 22, 2015, 12:32 PM
    • A combo of Level 3 Communications (LVLT +1.1%) with Limelight Networks (LLNW +0.8%) would create a strong content-delivery rival to Akamai, figures Macquarie's Kevin Smithen.
    • Verizon had passed on buying Limelight, choosing instead to go for EdgeCast 1.5 years ago to add 6K customers to its own content-delivery business. But Akamai could see real competition from a "credible second source" of a Level 3/Limelight combo.
    • "We continue to believe that value will be created over the long term, either by organic margin expansion driven by 15% to 20% CDN industry revenue growth over the next few years, or by what we feel is a logical combination of Limelight with Level 3's CDN business," Smithen says.
    | Jun. 22, 2015, 12:32 PM
  • Jun. 9, 2015, 12:11 PM
    • Following a lack of Apple streaming TV service announcements at the company's WWDC conference, Macquarie's Kevin Smithen has downgraded Akamai (NASDAQ:AKAM) to Neutral.
    • Smithen: "We believe that investor expectations regarding the second half, 2015 revenue benefit to AKAM from an Apple streaming ramp have been rising in recent weeks and we are now expecting that this will be more of a 2016 opportunity for AKAM and the CDN industry, with an emphasis on second half, 2016 ... We do believe that AKAM will carry most of Apple's streaming traffic and that it will see media revenue reacceleration and margin expansion in 2016..."
    • He also expects a weak Q2 for the CDN market in general due to "an absence of notable gaming and software launches, tough World Cup soccer comparison, and currency exchange rates." Akamai rival Limelight (LLNW -1%) is off moderately.
    • Ahead of WWDC, Re/code reported Apple is holding off on officially announcing its TV service until it can finalize content deals. Meanwhile, Bloomberg reported yesterday Apple is building a fiber network to connect its data centers, and thereby strengthen its internal CDN. Apple has been known for a while to be building a proprietary CDN to handle some of its content delivery; Akamai nonetheless continues to handle a large portion of it.
    | Jun. 9, 2015, 12:11 PM | 1 Comment
  • May 13, 2015, 12:19 PM
    • Limelight's (LLNW +1.5%) CDN services didn't directly infringe a patent owned by rival Akamai (AKAM) since it didn't carry out all of the patent's steps, a federal appeals court has ruled.
    • The case had been remanded to the appeals court by the Supreme Court, after the latter ruled in Limelight's favor last year (thereby overturning a guilty verdict from the appeals court). Specifically, the S.C. ruled Limelight can only be held liable for directly infringing a patent, and not for inducing infringement by users.
    • Many tech giants have backed Limelight in the dispute, arguing an Akamai victory could lead to a deluge of frivolous suits from patent owners alleging induced infringement.
    | May 13, 2015, 12:19 PM
  • May 1, 2015, 5:57 PM
    • Limelight (NASDAQ:LLNW) rallied to fresh 52-week highs today after beating Q1 estimates and hiking its full-year revenue guidance to $164M-$170M from $156M-$164M (consensus was $161.9M). Q2 revenue guidance of $40M-$42M is above a $39.3M consensus, and full-year EPS guidance of -$0.08 to -$0.18 is mostly above a -$0.17 consensus.
    • On its CC (transcript), the CDN owner stated it saw record traffic for the second quarter in a row, after seeing a major 2013/2014 drop caused by declining Netflix demand. Average revenue from top-20 customers (56% of total revenue) is said to be still growing at a "healthy double-digit rate." Price declines are said to be "in-line with [Limelight's] historical averages.
    • Lifting EPS: Gross margin rose 190 bps to 39%. GAAP operating expenses rose 9% to $24M. Netflix revenue totaled $4.9M (12% of total revenue).
    • Q1 results, PR
    | May 1, 2015, 5:57 PM
  • May 1, 2015, 9:13 AM
    | May 1, 2015, 9:13 AM
  • Apr. 30, 2015, 4:22 PM
    • Limelight Networks (NASDAQ:LLNW): Q1 EPS of -$0.02 beats by $0.03.
    • Revenue of $42.34M (+4.0% Y/Y) beats by $3.33M.
    | Apr. 30, 2015, 4:22 PM
  • Apr. 20, 2015, 3:12 PM
    • With the Nasdaq up 1.3%, many tech companies are posting big gains, and only a few are seeing major losses.
    • Notable gainers include audio codec chipmaker Cirrus Logic (CRUS +4%), gaming headset maker Turtle Beach (HEAR +11.4%), video processor developer Pixelworks (PXLW +6%), U.S. solar installer Vivint (VSLR +5.4%), CDN owner Limelight (LLNW +5.9%), cloud revenue management software firm ServiceSource (SREV +4.9%), language software firm Rosetta Stone (RST +4.6%), and storage hardware maker Quantum (QTM +5.3%).
    • Notable decliners include craft goods marketplace/recent IPO Etsy (ETSY -8%) and touch sensor developer UniPixel (UNXL -12.2%).
    • Cirrus, a major beneficiary of strong iPhone 6 sales, has made fresh 52-week highs; the company reports on April 28, a day after Apple. Beaten-down Turtle Beach is up 52% from an early April low of $1.85; new executive hires and product launches might be helping. Quantum (also making new 52-week highs) is up 38% since pre-announcing strong March quarter sales on April 9. Pixelworks reports on April 30.
    • Etsy is now down 18% from last Thursday's post-IPO opening trade of $31.00, as investors balance strong growth and a fervently loyal user base with steep multiples; shares are still up 60% from their $16 IPO price. Likewise, UniPixel is down 18% since announcing a deal to buy Atmel's XSense touch sensor assets on Friday morning.
    • Previously covered: Microsoft, Manhattan Associates, Ascent Solar, Check Point/FireEye, Rovi, FARO Technologies
    | Apr. 20, 2015, 3:12 PM
  • Mar. 4, 2015, 3:01 PM
    • Today's notable tech gainers include Chinese online classifieds leader (WUBA +5.9%), CDN owner Limelight (LLNW +6.5%), account-protection software provider CyberArk (CYBR +3.2%), flash storage array vendor Violin Memory (VMEM +3.8%), online video ad platform Tremor Video (TRMR +4%), and Chinese mobile game publisher Sky-mobi (MOBI +11.9%).
    • Notable decliners include cloud HR/financials software leader Workday (WDAY -5.8%), systems management software vendor SolarWinds (SWI -3.8%), chip packaging IP firm Tessera (TSRA -4.3%), security hardware/software provider KEYW Holding (KEYW -3.7%), and Chinese online real estate play E-House (EJ -4%). The Nasdaq is down 0.2%.
    • Sky-mobi has flown higher since Rosenblatt Securities pounded the table for the company last week. Workday has fallen sharply since last week's FQ4 revenue beat. E-House has gradually declined this week since announced the purchase of Chinese real estate site Anjuke.
    • Previously covered: Neustar, AeroVironment, Alibaba, SanDisk, Autohome/Bitauto, ReneSola, Trina, Ambarella/GoPro, Bazaarvoice, Veeva
    | Mar. 4, 2015, 3:01 PM | 2 Comments
  • Feb. 2, 2015, 4:59 PM
    • Limelight (NASDAQ:LLNW) is guiding for 2015 revenue of $156M-$164M and EPS of -$0.10 to -$0.20, above a consensus of $153.9M and -$0.21.
    • Q4 gross margin was 39.6%, down from 41.4% in Q3 but up from 36.2% a year ago. Operating expenses fell 2% Q/Q and 10% Y/Y to $22M.
    • $2M was spent on buybacks at an average price of $2.83. The CDN owner ended Q4 with $93.1M in cash/marketable securities (equal to nearly 1/3 of its current market cap), and no debt.
    • Shares are at $2.90 in AH trading.
    • Q4 results, PR
    | Feb. 2, 2015, 4:59 PM
Company Description
Limelight Networks, Inc. engages in the provision of digital content delivery solutions. Its products include content delivery network, web acceleration, cloud storage, and online video platform. The company was founded by Michael M. Gordon, Nathan F. Raciborski and William H. Rinehart in June... More
Sector: Services
Industry: Business Services
Country: United States