Limelight Networks, Inc. provides content delivery and related services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private networks that deliver Websites, mobile applications, videos, music, software, games, and APIs; offers live and on-demand video delivery services; and provides online video platforms that help organizations manage, publish, syndicate, analyze, and monetize video contents. It also offers edge cloud services; cloud security services that provide defense against malicious apps, Website attacks, and unauthorized content access; and cloud storage services. In addition, the company provides professional services; and other infrastructure services, such as transit and rack space services. It serves media companies operating in the television, music, radio, newspaper, magazine, movie, gaming, software, and social media industries, as well as technology companies and other entities conducting businesses online. The company was founded in 2001 and is headquartered in Scottsdale, Arizona.
IPO Year: 2007
Exchange: NASDAQ
Website: limelight.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2022 | $4.00 → $6.00 | Market Perform → Outperform | Cowen |
| 3/11/2022 | $5.00 → $8.00 | Strong Buy | Raymond James |
| 3/8/2022 | $5.00 → $6.50 | Market Perform → Outperform | Northland Capital |
| 1/18/2022 | $3.00 → $7.00 | Hold → Buy | Truist Securities |
| 12/20/2021 | $5.00 | Mkt Perform → Strong Buy | Raymond James |
| 12/20/2021 | Market Perform → Strong Buy | Raymond James | |
| 10/15/2021 | $3.50 → $4.00 | Hold → Buy | Craig-Hallum |
| 8/10/2021 | Mkt Perform | Raymond James | |
| 8/3/2021 | $2.50 → $2.25 | Sell | Goldman Sachs |
| 7/6/2021 | $3.00 → $2.50 | Neutral → Sell | Goldman Sachs |
SCOTTSDALE, Ariz., July 26, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of video delivery and edge cloud access services, today announced the appointment of Eric Armstrong as Senior Vice President of Growth. He will lead worldwide sales, new business development and growth marketing, and report to Limelight CEO Bob Lyons. "It's an ideal time for Eric to join Limelight as we continue to build on momentum from performance gains, key client winbacks and strong growth in some of our new business segments. Eric has a proven track record of build
SCOTTSDALE, Ariz., March 31, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ: LLNW), a leading provider of video delivery and edge cloud access services, today announced the appointment of Dave Peterschmidt as non-executive chairman. This change is another important step that builds on the recent management changes to position the company for growth, profitability and building shareholder value. Walt Amaral will remain on the company's board of directors. "Dave has been a strong partner and brings a broad range of operational and transformational experience in technology coupled with deep understanding of our business and industry. Transforming this company requires close alignment a
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Limelight Network, Inc. (Nasdaq: LLNW) and its Board of Directors announced today that Bob Lyons, previously CEO at Alert Logic, has been named President and CEO and will join the company and the board of directors effective February 1, 2021. Bob Lento, President, CEO and Director since 2012, is retiring. Lyons is a proven technology executive with an extraordinary track record of successfully scaling businesses and creating enterprise value through strategic revitalization, improved profitability, and revenue growth. At Alert Logic, he led the company through a multi-year strategic reposition that resulted in becoming a global leader in cybers
Cowen upgraded Limelight Networks from Market Perform to Outperform and set a new price target of $6.00 from $4.00 previously
Raymond James reiterated coverage of Limelight Networks with a rating of Strong Buy and set a new price target of $8.00 from $5.00 previously
Northland Capital upgraded Limelight Networks from Market Perform to Outperform and set a new price target of $6.50 from $5.00 previously
Truist Securities upgraded Limelight Networks from Hold to Buy and set a new price target of $7.00 from $3.00 previously
Raymond James upgraded Limelight Networks from Mkt Perform to Strong Buy and set a new price target of $5.00
Raymond James upgraded Limelight Networks from Market Perform to Strong Buy
Craig-Hallum upgraded Limelight Networks from Hold to Buy and set a new price target of $4.00 from $3.50 previously
Raymond James resumed coverage of Limelight Networks with a rating of Mkt Perform
Goldman Sachs reiterated coverage of Limelight Networks with a rating of Sell and set a new price target of $2.25 from $2.50 previously
Goldman Sachs downgraded Limelight Networks from Neutral to Sell and set a new price target of $2.50 from $3.00 previously
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Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of content delivery services and AppOps at the edge, today reported financial results for the first quarter ended March 31, 2022. Delivering on several key milestones in its 2022 strategic plan, the company reported significant revenue, gross margin, and adjusted EBITDA growth year over year. "First quarter 2022 results were ahead of plan as we continue building on the momentum established in the second half of 2021. Revenue for the first quarter came in at $58.0 million, up 13% year over year. Gross Margin was 30.7%, up 630 basis points year over year and Adjusted EBITDA was $2 million versus a loss of $3.3 million in
Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, will report financial results for the first quarter 2022 on Thursday, April 28, 2022, at 7:30 a.m. EDT (4:30 a.m. PDT). Management will host its earnings conference call for investors at 8:00 a.m. EDT (5:00 a.m. PDT). Interested parties can access the call by dialing 844-200-6205 from the United States or 929-526-1599 internationally, with access code 088169. A recording will be available until Thursday, May 12, 2022, by dialing 866-813-9403 from the United States or 929-458-6194 internationally with access code 124416. The conference call will also be audio cast live from http:
SCOTTSDALE, Ariz. and NEW YORK, March 7, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) ("Limelight"), a leading provider of edge enabled web applications and content delivery solutions, today announced that it has entered into a definitive agreement to acquire Yahoo's Edgecast, Inc. ("Edgecast"), a leading provider of edge security, content delivery and video services, in an all-stock transaction. The transaction values Edgecast at approximately $300 million, or about 1x 2021 revenue. Edgecast is a business unit of Yahoo, which is owned by funds managed by affiliates of Apollo (NYSE:APO) (the "Apollo Funds") and Verizon Communications (NYSE:VZ). Yahoo will receive approximately
SCOTTSDALE, Ariz., Jan. 20, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of edge enabled content delivery and AppOps solutions at the edge, today reported financial results for the fourth quarter ended December 31, 2021. Delivering on several key milestones in its 2021 strategic plan, the company reported significant revenue, gross margin, and adjusted EBITDA growth quarter over quarter. "As expected, our fourth quarter built on the momentum exhibited in the third quarter. Revenue for the fourth quarter came in at $62.9 million,
SCOTTSDALE, Ariz., Jan. 10, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, will report financial results for the fourth quarter 2021 on Thursday, January 20, 2022 at 4:00 p.m. EDT (1:00 p.m. PDT). Management will host its earnings conference call for investors at 4:30 p.m. EDT (1:30 p.m. PDT). Interested parties can access the call by dialing (844)-200-6205 from the United States or (929)-526-1599 internationally, with access code 647856. A recording will be available until February 3, 2022 b
SCOTTSDALE, Ariz., Nov. 4, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of content delivery services and AppOps at the edge, today reported financial results for the third quarter ended September 30, 2021. Delivering on several key milestones in its 2021 strategic plan, the company reported significant revenue, gross margin and adjusted EBITDA growth quarter over quarter. "As expected, our third quarter showed significant sequential quarterly improvement. Revenue for the third quarter came in at $55.2 million, up 14% quarter over
SCOTTSDALE, Ariz., Oct. 11, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, will report financial results for the third quarter 2021 on Thursday, November 4, 2021 at 4:00 p.m. EDT (1:00 p.m. PDT). Management will host its earnings conference call for investors at 4:30 p.m. EDT (1:30 p.m. PDT). Interested parties can access the call by dialing (844) 200 6205 from the United States or (929) 526 1599 internationally, with access code 171804. A recording will be available until November 18, 2021 9
SCOTTSDALE, Ariz., Sept. 16, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, today announced it has successfully completed the acquisition of Moov Corporation, which does business as Layer0. This acquisition is a significant step in advancing Limelight's strategy as an edge enabled SaaS solutions provider as Layer0's tools deliver sub-second web apps and APIs through an all-in-one Jamstack platform. "We are excited to close the transaction and have the talented Layer0 team as part of Limelight
SCOTTSDALE, Ariz., July 29, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of edge cloud services, today reported financial results for the second quarter ended June 30, 2021, delivering on several key milestones in its 2021 strategic plan, which resulted in over $3 million of adjusted EBITDA improvements quarter over quarter. Highlights of Strategic Plan Progress – Improve, Expand & Extend to Position for Growth Under the first full quarter with new leadership, Limelight made significant strides in a number of key areas to return
SCOTTSDALE, Ariz., July 28, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of edge cloud services, today announced that it has entered into a definitive agreement to acquire Moov Corporation, which does business as Layer0. This acquisition is a significant step in advancing Limelight's strategy as an edge enabled SaaS solutions provider and will drive growth in revenue, margins and EBITDA. Layer0 provides development, deployment and monitoring tools that deliver sub-second web apps and APIs through an all-in-one Jamstack platform. The acquisi
Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, today announced participation at the following investor conferences in June 2022: 19th Annual Craig-Hallum Institutional Investor Conference on Wednesday, June 1, 2022 (Virtual). Management will participate in one-on-one/small group meetings followed by a fireside chat at 3:35 p.m. ET Jefferies Software Conference in San Francisco on Wednesday, June 1, 2022. Management will participate in one-on-one/small group meetings followed by a presentation at 4.05 p.m. PT Cowen's 50th Annual Technology, Media & Telecom Conference in New York on Thursday, June 2, 2022. Management will
Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of content delivery services and AppOps at the edge, today reported financial results for the first quarter ended March 31, 2022. Delivering on several key milestones in its 2022 strategic plan, the company reported significant revenue, gross margin, and adjusted EBITDA growth year over year. "First quarter 2022 results were ahead of plan as we continue building on the momentum established in the second half of 2021. Revenue for the first quarter came in at $58.0 million, up 13% year over year. Gross Margin was 30.7%, up 630 basis points year over year and Adjusted EBITDA was $2 million versus a loss of $3.3 million in
Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, will report financial results for the first quarter 2022 on Thursday, April 28, 2022, at 7:30 a.m. EDT (4:30 a.m. PDT). Management will host its earnings conference call for investors at 8:00 a.m. EDT (5:00 a.m. PDT). Interested parties can access the call by dialing 844-200-6205 from the United States or 929-526-1599 internationally, with access code 088169. A recording will be available until Thursday, May 12, 2022, by dialing 866-813-9403 from the United States or 929-458-6194 internationally with access code 124416. The conference call will also be audio cast live from http:
SCOTTSDALE, Ariz. and NEW YORK, March 7, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) ("Limelight"), a leading provider of edge enabled web applications and content delivery solutions, today announced that it has entered into a definitive agreement to acquire Yahoo's Edgecast, Inc. ("Edgecast"), a leading provider of edge security, content delivery and video services, in an all-stock transaction. The transaction values Edgecast at approximately $300 million, or about 1x 2021 revenue. Edgecast is a business unit of Yahoo, which is owned by funds managed by affiliates of Apollo (NYSE:APO) (the "Apollo Funds") and Verizon Communications (NYSE:VZ). Yahoo will receive approximately
SCOTTSDALE, Ariz., Feb. 16, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery and AppOps at the edge, today announced that January 2022 was its highest traffic month ever, breaking its previous record set in December 2021. The new record was driven by several of Limelight's largest clients choosing to increase the volumes of pre-planned and routine day-to-day traffic sent over its network, a trend that continues into the new year from the seasonally strong fourth quarter. Additionally, seven of Limelight's all-time top ten traf
SCOTTSDALE, Ariz., Feb. 1, 2022 /PRNewswire/ -- Limelight (NASDAQ:LLNW), a leading provider of content delivery and AppOps at the edge, today announced the release of its Layer0 Security Platform, significantly enhancing its capabilities in the $4.4B web CDN and security market it entered in November. A fully PCI-compliant solution, Layer0 Security protects customers against OWASP Top 10 security risks, SQL injection, cross-site scripting, PHP injection, bot attacks, DDoS attacks, and other threats. Limelight has been delivering secure content for more than two decades and, as
SCOTTSDALE, Ariz., Jan. 20, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) (Limelight), a leading provider of edge enabled content delivery and AppOps solutions at the edge, today reported financial results for the fourth quarter ended December 31, 2021. Delivering on several key milestones in its 2021 strategic plan, the company reported significant revenue, gross margin, and adjusted EBITDA growth quarter over quarter. "As expected, our fourth quarter built on the momentum exhibited in the third quarter. Revenue for the fourth quarter came in at $62.9 million,
SCOTTSDALE, Ariz., Jan. 10, 2022 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, will report financial results for the fourth quarter 2021 on Thursday, January 20, 2022 at 4:00 p.m. EDT (1:00 p.m. PDT). Management will host its earnings conference call for investors at 4:30 p.m. EDT (1:30 p.m. PDT). Interested parties can access the call by dialing (844)-200-6205 from the United States or (929)-526-1599 internationally, with access code 647856. A recording will be available until February 3, 2022 b
SCOTTSDALE, Ariz., Dec. 14, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW), a leading provider of content delivery services and AppOps at the edge, today announced general availability of GraphQL functionality for its Layer0 by Limelight web application CDN. GraphQL is an important enabler of microservices-based (aka headless) websites, allowing web builders to make their API layer much faster and easier to manage. Layer0 has solved the key challenge of caching GraphQL APIs at the network edge, which is not supported by traditional web CDNs. In addition, the solut
SCOTTSDALE, Ariz., Dec. 1, 2021 /PRNewswire/ -- Limelight Networks, Inc. (NASDAQ:LLNW) , a leading provider of content delivery services and AppOps at the edge, today announced participation at the Raymond James Technology Investors Conference on December 7, 2021. CEO, Bob Lyons, and CFO, Dan Boncel, will be participating in a virtual fireside chat at 3:10 pm ET. Webcast of this presentation will be available on Limelight's Investor Relations website at https://investors.limelight.com. A replay of the event will be available on the investor relations website for 30 days follo