Limelight Networks (LLNW) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.01. The company posted revenue of $43.56 million in the period, compared to analysts expectations of $43.21 million. The company’s revenue was down -.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Limelight Networks opened for trading at $1.65 and hit $1.72 on the upside on Thursday, eventually ending the session at $1.68, with a gain of 10.53% or 0.16 points. The heightened volatility saw the trading volume jump to 2,49,261 shares. Company has a market cap of $174 M.
In a different news, on Aug 25, 2015, Robert A Lento (CEO) purchased 20,000 shares at $2.26 per share price. According to the SEC, on Aug 24, 2015, Sajid Malhotra (SVP Strat, Corp Dev & IR) purchased 25,000 shares at $2.45 per share price. On May 29, 2015, Joseph Depalo (Senior Vice President-Ops Eng.) sold 50,000 shares at $4.37 per share price, according to the Form-4 filing with the securities and exchange commission.
Limelight Networks Inc. (Limelight) operates a globally distributed computing platform and provides a suite of integrated services. The Company’s suite of integrated services include content delivery services mobile delivery services video content management services performance services and cloud storage services. These four primary service groups work collectively to enable organizations to deliver digital content to a range of devices across the world and are collectively referred to as the Limelight Orchestrate Platform (the Orchestrate Platform). These services provide features including video publishing mobile enablement content delivery Website and Web application acceleration transcoding and cloud storage. The Company’s solutions include enterprise Web media and broadcasters and gaming. It also offers professional services and other infrastructure services such as transit and rack space services.