LLNW - LLNW STOCK NEWS

Limelight Networks reported a strong first quarter of 2022, achieving revenue of $58 million, a 13% increase year over year. The company's gross margin rose to 30.7%, up 630 basis points. Adjusted EBITDA improved to $2 million from a loss of $3.3 million in Q1 2021. Operational improvements led to record traffic, with 17 of the top 20 traffic days occurring this quarter. Limelight is also focused on integrating the Edgecast acquisition, aiming to enhance its edge solutions and client offerings. The outlook for the year remains positive, with anticipated revenue between $240 million and $250 million.

Limelight Networks (NASDAQ: LLNW) will report its Q1 2022 financial results on April 28, 2022, at 7:30 a.m. EDT. Management will host an earnings conference call at 8:00 a.m. EDT, accessible via phone or live audio cast. A recording of the call will be available until May 12, 2022. Limelight is recognized for its edge-enabled solutions that enhance digital experiences, including content delivery and web security, and serves major brands globally.

Limelight Networks (Nasdaq: LLNW) has announced an agreement to acquire Yahoo's Edgecast in an all-stock deal valued at $300 million, equivalent to 1x Edgecast's 2021 revenue. Following the acquisition, Limelight will rebrand as Edgio and is set to have combined revenues exceeding $500 million. The merger aims to enhance their edge computing solutions and expand market opportunities in cloud security, online video, and web applications, targeting a $40 billion total addressable market. Yahoo will hold approximately 31.9% of the new entity's shares.

Limelight Networks (Nasdaq: LLNW) achieved its highest ever online traffic in January 2022, surpassing its previous record from December 2021. This surge was driven by increased traffic from major clients, establishing seven of the top ten traffic days in the company's history during 2022. CEO Bob Lyons and CFO Dan Boncel emphasized that ongoing improvements to network performance and operational strategies have resulted in strong client trust and higher utilization, correlating directly with enhanced gross margins.

Limelight (Nasdaq: LLNW) has launched its Layer0 Security Platform, aimed at enhancing security capabilities within the $4.4B web CDN and security market. This fully PCI-compliant platform defends against various threats, including DDoS attacks and SQL injections, offering automated security for developers. Key features include a Web Application Firewall, Bot Management, and robust DDoS Protection. The platform is integrated with Limelight's backbone, enabling faster deployment and improved performance for web applications.

Limelight Networks reported strong financial results for Q4 2021, achieving a revenue of $62.9 million, a 14% increase quarter-over-quarter and year-over-year. The gross margin improved to 35.4%, up 670 basis points from the previous quarter, while adjusted EBITDA margin rose to 15%. The company generated over $3 million in free cash flow, with Layer0 contributing $3.8 million in the quarter. Limelight is focusing on expanding its client base, enhancing product offerings, and improving operational efficiency as it anticipates revenue between $240 million and $250 million for 2022.

Limelight Networks (Nasdaq: LLNW) will release its financial results for Q4 2021 on January 20, 2022, at 4:00 p.m. EDT. The company will host an earnings conference call for investors at 4:30 p.m. EDT. Participants can join by calling (844)-200-6205 in the U.S. or (929)-526-1599 internationally, using access code 647856. A recording will be available until February 3, 2022. Limelight provides edge-enabled solutions for fast and secure digital experiences, trusted by major global brands.

Limelight Networks (Nasdaq: LLNW) has announced the general availability of GraphQL functionality for its Layer0 web application CDN, enhancing its position in the $4.4 billion CDN market. This new capability allows better performance for microservices-based websites by enabling caching of GraphQL APIs at the network edge, a feature lacking in traditional CDNs. GraphQL, favored by developers for its efficiency, is expected to drive adoption among enterprises transitioning to headless architectures. Layer0 also supports serverless hosting, making it an appealing solution for businesses seeking improved website performance and speed.

Limelight Networks (NASDAQ: LLNW) will participate in the Raymond James Technology Investors Conference on December 7, 2021. CEO Bob Lyons and CFO Dan Boncel will engage in a virtual fireside chat at 3:10 PM ET. Investors can access the webcast via Limelight's Investor Relations website, and a replay will be available for 30 days post-event. Limelight is a leader in content delivery services, optimizing digital experiences for major brands worldwide, showcasing its reliable and secure edge services.