LLNW - LLNW STOCK NEWS

Limelight Networks (Nasdaq: LLNW) announced its participation in two investor conferences on November 16, 2021. The Needham Virtual Security, Networking, and Communications Conference will take place at 1:30 p.m. PT / 4:30 p.m. ET, featuring a webcast available on Limelight's Investor Relations website. Additionally, the 12th Annual Craig-Hallum Alpha Select Conference will offer one-on-one/small group meetings only. Limelight is a leader in content delivery services, optimizing digital experiences for major brands worldwide.

On November 5, 2021, Limelight Networks (Nasdaq: LLNW) granted 10,691,757 restricted stock units (RSUs) to 56 new employees following its acquisition of Moov Corporation (Layer0) in September 2021. This RSU grant is part of a $30 million retention pool established to incentivize Layer0's team, with a third of the RSUs vesting over 3-4 years based on service and the remainder contingent on achieving financial and operational targets by June 30, 2025. The grants comply with NASDAQ Listing Rule 5635(c)(4).

Limelight Networks reported its Q3 2021 results, achieving a revenue of $55.2 million, a 14% increase quarter-over-quarter. Cash gross margin improved to 40%, and adjusted EBITDA reached $6.1 million. The company executed significant cost savings initiatives, achieving 90% of its $30 million target. Client sentiment improved by 13 points for major accounts. However, GAAP net loss was $10.1 million, marking an improvement from $13.7 million in Q2. Looking forward, Limelight anticipates a return to revenue growth in Q4 2021.

Limelight Networks (Nasdaq: LLNW) announced that its EdgeXtend has been adopted by NTT DOCOMO, Japan's leading mobile operator. This partnership aims to enhance content delivery and user experience for users across Japan. By utilizing EdgeXtend, DOCOMO can cache content from its 13 services, reducing costs and network latency while increasing reliability. The collaboration allows DOCOMO to effectively manage traffic during peak times, improving streaming services for subscribers. Limelight's technology enables DOCOMO to tap into new revenue opportunities in digital and media services.

Limelight Networks, Inc. (Nasdaq: LLNW) is set to report its financial results for Q3 2021 on November 4, 2021, at 4:00 p.m. EDT. Following the release, management will host an earnings conference call at 4:30 p.m. EDT. Interested investors can join the call via phone or through a live audio cast available on the company's investor relations website. Limelight specializes in content delivery services and aims to enhance digital experiences for its global clientele.

Limelight Networks, Inc. (NASDAQ: LLNW) has completed its acquisition of Moov Corporation, operating as Layer0, enhancing its position as an edge-enabled SaaS solutions provider. This strategic acquisition aims to leverage Layer0's Jamstack platform for delivering sub-second web applications and APIs. The combined efforts target a $37 billion market, with Limelight's leadership expressing confidence in improved performance through integrated solutions.

Limelight Networks (NASDAQ: LLNW), a top provider of edge access and content delivery services, will conduct a strategy session for analysts and investors on August 24, 2021, at Nasdaq MarketSite in New York City from 1 PM to 3 PM EDT. CEO Bob Lyons will highlight key growth strategies and the introduction of an Application Orchestration solution following the acquisition of Layer0. The session will include presentations from senior leadership and a Q&A segment. Interested participants can register online or view the live webcast available on the company's investor relations website.

Limelight Networks (Nasdaq: LLNW) reported Q2 2021 results, achieving $48.3 million in revenue, a 6% decline from Q1 2021 and 17% year-over-year. The company posted a GAAP net loss of $13.7 million, an improvement from the previous quarter's $25.5 million loss. Notable highlights include a $3 million adjusted EBITDA improvement, a 55% traffic increase in Latin America, and cost savings of over $8 million anticipated. Limelight also acquired Layer0, expecting a $20 million revenue boost in 2022. Capital expenditures guidance was reduced to $15-20 million.

On July 28, 2021, Limelight Networks (NASDAQ: LLNW) announced its acquisition of Moov Corporation, operating as Layer0, for approximately $32.5 million in cash and $22.5 million in common stock. This strategic acquisition aims to bolster Limelight's offerings in edge cloud services and enhance operational capabilities. The merger will integrate Limelight's extensive global edge network with Layer0's tools for web app development and monitoring. Expected to close in August 2021, this deal is projected to drive revenue growth and improve EBITDA, enriching the client mix with associations from major brands.