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Limelight Networks, Inc. (LLNW)

- NASDAQ
  • Jul. 24, 2013, 3:48 PM
    Limelight (LLNW -1.6%) CFO Douglas Lindroth is leaving to "pursue other business and professional interests," following a transition period. Board member and former Goldman Sachs banker Pete Perrone is replacing him. Perrone will step down from Limelight's board after becoming CFO. The news comes ahead of Limelight's Aug. 7 Q2 report. Bigger rival Akamai reports after the bell. (PR)
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  • Jun. 24, 2013, 11:18 AM
    The Supreme Court has asked the Solicitor General to weigh in on Limelight's (LLNW -1.3%) request to review an infringement ruling levied by a federal appeals court in the CDN owner's patent dispute with rival Akamai (AKAM -1.3%).  Limelight says it's pleased with the request. The dispute revolves around the legal validity of induced patent infringement, as opposed to direct infringement. Akamai alleges Limelight is guilty of induced infringement by performing one step of a patented content delivery method, and then getting customers to perform the second.
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  • May. 28, 2013, 12:00 PM
    Limelight (LLNW +6.3%) "is in talks to try and sell the company to Verizon (VZ) and is desperate to make a deal," Dan Rayburn reports hearing from "multiple attendees from Wall Street" at a conference he hosted. With Limelight burning cash and facing tough competition from Akamai (AKAM) and Level 3 (LVLT), there's logic to exploring a sale. Rayburn points out Limelight's management changes and Verizon's interest in growing its CDN business could lead to a deal. However, he adds Limelight has been seeing employee defections, and has heard Limelight customers criticize the "poor performance" of its CDN. Private XO Communications is also said to be talking with Limelight.
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  • May. 9, 2013, 4:14 PM
    Limelight Networks (LLNW): Q1 EPS of -$0.04 beats by $0.01. Revenue of $45.8M beats by $0.07M. (PR)
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  • May. 9, 2013, 12:10 AM
    Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX
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  • May. 8, 2013, 5:35 PM
    Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX
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  • Feb. 20, 2013, 10:07 AM
    Two weeks after Akamai plunged in response to its Q4 report, Limelight (LLNW -10.1%) is doing the same. The CDN owner didn't provide formal guidance to go with its mixed Q4 results, it but did note on the earnings call it expects Q4 to again be its "seasonally strongest quarter." With the Street expecting roughly flat Q/Q revenue growth, that might not be going over well. New CEO Robert Lento also forecasts opex will rise Q/Q thanks to sales spending, and that R&D will rise as a % of sales in 2013.
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  • Feb. 20, 2013, 10:02 AM
    Shares of Limelight Networks (LLNW -10.1%) slump after the company reports a wider loss than expected for Q4. A 24% Y/Y increase in general and administrative expenses contributed to the quarterly loss.
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  • Feb. 19, 2013, 4:32 PM
    Limelight Networks (LLNW): Q4 EPS of -$0.06 misses by $0.02. Revenue of $46.5M beats by $0.22M. (PR)
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  • Feb. 19, 2013, 10:05 AM
    Limelight (LLNW +2.4%) has named board member and SiRF Technology CFO Walter Amaral its non-executive chairman. Jeff Lunsford, Limelight's last chairman, resigned on Jan. 22, two months after stepping down as CEO. (PR)
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  • Feb. 19, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP, SHO, SINA, TEX, ZIXI
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  • Feb. 18, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: ADI, AMRS, ANAD, BAS, BJRI, CF, DELL, DX, FNF, GTAT, HLF, LLNW, MAR, MDRX, MM, NBR, NFX, QEP,SHO, SINA, TEX, ZIXI
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  • Feb. 7, 2013, 5:45 PM
    After-hours top gainers, as of 5:15 p.m.: XIDE +13%. LLNW +10%. LNKD +10%. MOH +7%. MCHP +7%.
    After-hours top losers: NUAN -14%. CSTR -8%. RVBD -7%. BPZ -6%. MTOR -5%.
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  • Feb. 7, 2013, 1:38 PM
    Akamai (AKAM -15.6%) may have lost CDN video customers to Level 3 (LVLT) due to price competition, thinks Oppenheimer after the company partly blamed its light Q1 guidance on a decision to abandon low-margin media contracts. Akamai has long been trying to stand out from rivals by focusing on higher-margin services in areas such as cloud apps, e-commerce, security, and ad delivery, and new CEO Tom Leighton made it clear in the earnings call he wants to double down, both by giving up on low-margin deals and ramping sales/R&D investments. LLNW -5%.
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  • Feb. 6, 2013, 5:21 PM
    Akamai (AKAM) guides on its Q4 call for Q1 revenue of $352M-$362M and EPS of $0.50-$0.52; the latter is above a consensus of $0.47, but the former is below a consensus of $370.7M. Akamai blames the top-line guidance on a decision to wind down certain low-margin media delivery contracts, as well as the sale of its ad targeting business and forex. Q4 EPS received a $0.04 boost from a tax rate change, and Q1 EPS is expected to benefit from tax rates and an extended depreciation cycle for servers (400 bps gross margin boost). Shares -15.9% AH. LLNW is likely to fall in sympathy.
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  • Jan. 22, 2013, 3:57 PM
    Limelight (LLNW +0.2%) has named Robert Lento, interim CEO since Nov. 26, its new full-time chief. Lento was previously the head of Convergys' information management, which was acquired by NEC in May. He took over as CEO in November from chairman Jeff Lunsford. (PR)
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Company Description
Limelight Networks Inc operates a computing platform. The Company provides services including content delivery services, video content management services, performance services for website and web application acceleration, and cloud storage services.
Sector: Services
Country: United States