Limelight Networks Inc. Third Quarter Upcoming Earnings Release

Limelight Networks, Inc. (NASDAQ:LLNW) will unveil its latest earnings on Monday, November 7, 2011. Limelight Networks 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 a loss of 12 cents per share, a wider loss from the year earlier quarter net loss of 4 cents. During the past three months, the average estimate has moved down from a loss of 5 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 11 cents during the last month.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the second quarter, it reported net loss of 10 cents per share against a mean estimate of 9 cents. Two quarters ago, it beat expectations by 2 cents with a loss of 8 cents.

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Wall St. Revenue Expectations: On average, analysts predict $47 million in revenue this quarter, a decline of 5.7% from the year ago quarter. Analysts are forecasting total revenue of $194.9 million for the year, a rise of 6.3% from last year’s revenue of $183.3 million.

Analyst Ratings: Analysts seem relatively indifferent about Limelight Networks with eight of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, the company’s loss widened to a loss of a $13.9 million (12 cents a share) from a loss of $2.3 million (2 cents) a year earlier, missing analyst expectations. Revenue rose 19.8% to $50.5 million from $42.2 million.

Key Stats:

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 43.8%, 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 October 4, 2011 to November 1, 2011, the stock price had risen 61 cents (28.8%) from $2.12 to $2.73. 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 $3.08 (-53%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

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