Limelight Networks, Inc. (NASDAQ:LLNW) is expected to report third quarter earnings results, after market close, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.02 per share.
Looking ahead, the full year income are expected at $ 0.08 per share on the revenues of $ 236.59 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 230.00 million ~ $ 240.00 million
Click Here For More Historical Outlooks Of Limelight Networks, Inc.
Previous Quarter Performance
Limelight Networks, Inc. reported income for the second quarter of $ 0.03 per share, from the revenue of $ 58.55 million. The quarterly revenues increased 27.56 percent compared with the same quarter last year. Wall street analysts are predicting, LLNW to report 2Q20 income of $ 0.01 per share from revenue of $ 56.72 million. The bottom line results beat street analysts by $ 0.02 or 200.00 percent, at the same time, top line results outshined analysts by $ 1.83 million or 3.23 percent.
Stock Performance
Shares of Limelight Networks, Inc. traded low $ -0.05 or -0.81 percent on Wednesday, reaching $ 6.12 with volume of 2.70 million shares. Limelight Networks, Inc. has traded high as $ 6.32 and has cracked $ 6.08 on the downward trend
The closing price of $ 6.12, representing a 75.78 % increase from the 52 week low of $ 3.51 and a 24.66 % decrease over the 52 week high of $ 8.19.
The company has a market capital of $ 747.08 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Limelight Networks, Inc. will be hosting a conference call at 4:30 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.limelight.com
Limelight Networks, Inc. provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.
