These Tech Companies Trading in Different Directions After Earnings
Limelight Networks, Inc. (NASDAQ:LLNW) climbed to a profit in the third quarter and beat Wall Street’s expectations in the process. Reported a profit of $5 million (4 cents per diluted share) in the quarter. The business services company had a net loss of $6 million or a loss of 6 cents per share in the year earlier quarter. Revenue rose to $47.3 million from the year earlier quarter. LLNW reported an adjusted net loss of 2 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 12 cents per share.
“We were pleased with our progress in scaling Limelight Networks’ globally distributed, high-performance content delivery, storage and compute platform in the quarter. This platform serves as a great foundation for our core growth initiative – the launch of high-value, integrated software-as-a-service and platform-as-a-service offerings, which are differentiated from those of point solution providers. Revenue from these value-added services excluding EyeWonder and chors grew 73% year-over-year,” said Jeff Lunsford, chairman and chief executive officer.”In the quarter, we saw many instances of customer success, as Limelight solutions enabled our customers to increase competitiveness, enhance user experience and operate more nimbly and efficiently in today’s hyper-connected world.”
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).
tw telecom inc. (NASDAQ:TWTC) reported its results for the third quarter. Net income for tw telecom inc. fell to $14.6 million (10 cents per share) vs. $16.1 million (10 cents per share) a year earlier. This is a decline of 9.2% from the year earlier quarter. Revenue rose 7.5% to $344.5 million from the year earlier quarter.TTWC fell in line with the mean analyst estimate of 10 cents per share. Analysts were expecting revenue of $343.9 million.
“We’re pleased that we’ve driven increased revenue growth, greater Modified EBITDA and higher Unlevered Free Cash Flow(AMEX:TWO) than last year,” said Larissa Herda, tw telecom’s Chairman, CEO and President. “Delivering on any one of those metrics is an accomplishment, but growing all three as we invest for the future, demonstrates the strength of our model and our execution. Over the past year and a half we’ve deployed numerous products and features to meet our customers’ rapidly changing requirements, and this quarter we introduced the first phase of our Intelligent Network offering. Our product investments are paying off and we plan to further invest in additional innovative capabilities to deliver faster, better, and easier network solutions to serve our customers’ dynamic needs.”
Competitors to Watch: Level three Communications, Inc. (NASDAQ:LVLT), AT&T Inc. (NYSE:T), CenturyLink, Inc. (NYSE:CTL), Cbeyond, Inc. (NASDAQ:CBEY), AboveNet, Inc. (NYSE:ABVT), Verizon Communications Inc. (NYSE:VZ), PAETEC Holding Corp. (NASDAQ:PAET), Cincinnati Bell Inc. (NYSE:CBB) and Sprint Nextel (NYSE:S).