Double up income position: Limelight Networks, Inc. (NASDAQ: LLNW)

On Friday, Limelight Networks, Inc. (NASDAQ: LLNW) spotted trading -9.49% off 52-week high price. On the other end, the stock has been noted 134.09% away from the low price over the last 52-weeks. The stock changed 1.98% to recent value of $5.15. The stock transacted 1836806 shares during most recent day however it has an average volume of 1100.57K shares. The company has 125.75M of outstanding shares and 109.51M shares were floated in the market.

Limelight Networks, Inc. (LLNW) recently stated record revenue of $60.1M for the fourth quarter of 2019, up 37% contrast to $44.0M in the fourth quarter of 2018.

Limelight stated GAAP net income of $2.5M, or $0.02 per basic share for the fourth quarter of 2019, contrast to a net loss of $5.2M, or $0.05 per basic share, in the fourth quarter of 2018.

Non-GAAP net income was $5.8M, or $0.05 per basic share, for the fourth quarter of 2019, contrast to non-GAAP net income of $0.3M, or break even per basic share, in the fourth quarter of 2018.

EBITDA was $8.1M for the fourth quarter of 2019, contrast to a loss of $0.9M for the fourth quarter of 2018. Adjusted EBITDA was $11.4M for the fourth quarter of 2019, contrast to $4.6M for the fourth quarter of 2018.

For the full year ended December 31, 2019, Limelight stated revenue of $200.6M, a raise of 3% contrast to $195.7M for the year ended December 31, 2018.

Limelight stated GAAP net loss of $16.0M, or $0.14 per basic share, for the year ended December 31, 2019, contrast to net income of $9.8M, or $0.09 per basic share, in 2018. Net income for the full year of 2018 includes $14.9M, or $0.12 per basic share, of non-operating income related to the settlement and patent license contract.

Non-GAAP net loss was $2.3M, or $0.02 per basic share, for the year ended December 31, 2019, contrast to non-GAAP net income of $13.7M, or $0.12 per basic share, in 2018.

EBITDA was $4.3M for the year ended December 31, 2019, contrast to $28.7M for the year ended December 31, 2018. Adjusted EBITDA was $18.1M for the year ended December 31, 2019, contrast to $32.5M for the year ended December 31, 2018.

Limelight ended the fourth quarter with 610 employees and employee equivalents, up from 609 at the end of the third quarter of 2019, and up from 563 in the year ago period.

“The fourth quarter was our best ever performance across multiple financial and non-financial measures as we continued to execute our strategy of focusing on edge services and high-quality video delivery. The business momentum accelerated during the fourth quarter, primarily Because of our important participation in multiple live and on-demand OTT launches by some of the largest media companies in the world. Those companies looked to us as a trusted partner in these launches based on the superior performance of our network, global scale, and strong value proposition, stated Bob Lento, Chief Executive Officer at Limelight.

“We are excited about the current and projected industry trends. We believe that we are poised to deliver a record year of volume, revenue and growth on a number of metrics, as our 2020 guidance reflects. OTT launches and demand for low latency-based edge services are predicted to expand globally in 2020 and beyond. We believe that we have exclusive assets to meet the computational and connectivity challenges of emerging business, both securely and globally. We are grateful for our consumers, partners and employees who have helped build this business and position it for continued success,” Mr. Lento added.

Its earnings per share (EPS) expected to touch remained -276.20% for this year while earning per share for the next 5-years is expected to reach at 15.00%. LLNW has a gross margin of 40.60% and an operating margin of -7.90% while its profit margin remained -8.00% for the last 12 months.   According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.26% from the mean of 20 days, 14.12% from mean of 50 days SMA and performed 50.63% from mean of 200 days price. Company’s performance for the week was 3.21%, 16.52% for month and YTD performance remained 26.23%.

Alicia Gainey

Alicia Gainey–Technology and Energy My name is Alicia Gainey, and I am 31 years of age who is an industrialist rather than a writer. I need to grab the eye of my group of readers without sounding excessively dry and boring. I am that kind of individual who treasures his extra time by composing my contemplations and thoughts for my group of readers. My writing areas of interests are not kept to a particular field, I composed on numerous themes, however, technology and business articles are forever my top pick. I love to communicate through inventive modes, for example, drawing, singing, and composing. I love to invest my relaxation time with my adored cat, rest or by playing my preferred computer games.

Leave a Reply

Your email address will not be published. Required fields are marked *