Limelight Networks, Inc. Second Quarter Earnings Sneak Peek
Limelight Networks, Inc. (NASDAQ:LLNW) will unveil its latest earnings on Thursday, August 4, 2011. The Company is a provider of high-performance content delivery network services.
Limelight Networks, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 9 cents per share, a wider loss from the year earlier quarter net loss of 2 cents. During the past three months, the average estimate has moved down from a loss of 8 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 9 cents during the last month.
Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported a loss of 8 cents per share versus a mean estimate of 10 cents. Two quarters ago, it reported net loss of 5 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $52.4 million in revenue this quarter, a rise of 24.2% from the year ago quarter. Analysts are forecasting total revenue of $224.4 million for the year, a rise of 22.4% from last year’s revenue of $183.3 million.
Analyst Ratings: Analysts are bullish on Limelight Networks as four analysts rate it as a buy, one rates it as a sell and five rate it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 46.5%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 64.3% from the year earlier quarter.
Competitors to Watch: Akamai Technologies, Inc. (NASDAQ:AKAM), InterNAP Network Services (NASDAQ:INAP), Adobe Systems Incorporated (NASDAQ:ADBE), Rackspace Hosting, Inc. (NYSE:RAX), Microsoft Corporation (NASDAQ:MSFT), The Walt Disney Company (NYSE:DIS), RealNetworks, Inc. (NASDAQ:RNWK), Equinix, Inc. (NASDAQ:EQIX), and SAVVIS, Inc. (NASDAQ:SVVS).
Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $2.14 (-34.2%) from $6.26 to $4.12. The stock price saw one of its best stretches over the last year between July 20, 2011 and July 26, 2011 when shares rose for five-straight days, rising 16.3% (+70 cents) over that span. It saw one of its worst periods between December 8, 2010 and December 28, 2010 when shares fell for 14-straight days, falling 16.1% (-$1.13) over that span. Shares are down $1.69 (-29.1%) year to date.
(Source: Xignite Financials)