Looking Closely at the Growth Curve for Limelight Networks Inc. (LLNW) Stock

0
161

Limelight Networks Inc. (NASDAQ: LLNW), a content infrastructure provider, rose more than 5% in trading on July 30 following the publication of its quarterly results. Limelight Networks’ numbers fell short of Wall Street expectations, but investors are confident that Limelight Networks’ worst days are behind it. LLNW stock closed at $2.97 on August 2, gaining another 5.69%.



Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


The revenue of LLNW stock in the second quarter decreased 17% from a year earlier, with 48.3 million dollars. Rather than an adjusted net income of $0.03 per share, the company received a loss per share of $0.06. Though Limelight Networks’ results fell short of Wall Street’s expectations, it maintained its full-year guidance of an adjusted net loss of $0.1 a share and revenues of around $225 million.

Recent quarters have seen Limelight Networks focusing on optimizing its technical parameters. Particularly, the speed of buffering of media was fastened and the network bandwidth increased by 20%. Additionally, the company cut $8 billion from network operating costs.

Limelight Networks Inc. (LLNW) believes improving performance, managing costs, and launching a new application and deployment acceleration solution will enable it to capture a larger market share. Investors probably agree with this thesis because the share prices rose even after the release of the report, which did not meet expectations.

In Limelight Networks’ current business model, content delivery infrastructure is the main focus. Most of the company’s growth comes from this segment. Limelight Networks’ content delivery network (CDN) is rapidly expanding as the company serves a growing number of streaming video clients. It is a promising market for LLNW, as the demand for streaming services increases, and the amount of data transferred accordingly. Thus, Limelight Networks expects to grow steadily going forward.

LEAVE A REPLY

Please enter your comment!
Please enter your name here