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Limelight Networks, Inc. (NASDAQ:LLNW) will unveil its latest earnings on Monday, February 13, 2012. Limelight Networks is a provider of high-performance content delivery network services.
Limelight Networks, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 6 cents per share, a wider loss from the year earlier quarter net loss of 5 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from a loss of 7 cents during the last month.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net loss of 5 cents per share against a mean estimate of a loss of 12 cents per share. In the second quarter, it missed forecasts by one cent.
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Wall St. Revenue Expectations: On average, analysts predict $45.4 million in revenue this quarter, a decline of 17.8% from the year ago quarter. Analysts are forecasting total revenue of $185.5 million for the year, a rise of 1.2% from last year’s revenue of $183.3 million.
Analyst Ratings: Analysts seem relatively indifferent about Limelight Networks with eight of 11 analysts surveyed maintaining a hold rating.
A Look Back: In the third quarter, the company swung to a profit of $5 million (4 cents a share) from a loss of $6 million (6 cents) a year earlier, beating analyst estimates. Revenue fell 15% to $42.4 million from $49.8 million.
Key Stats:
A year-over-year revenue decrease in the third quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 19.8%in the second quarter, 38% in the first quarter and 64.3% in the fourth quarter of the last fiscal year.
Limelight Networks’ profit last quarter followed losses in the three previous quarters. The company reported a loss of $13.9 million in the second quarter, a loss of $9.8 million in the first and a loss of $6.3 million in the fourth quarter of the last fiscal year.
Stock Price Performance: During December 8, 2011 to February 7, 2012, the stock price had risen 94 cents (31.6%) from $2.97 to $3.91. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 20, 2012 when shares rose for five-straight days, rising 11.7% (+35 cents) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 22% (-71 cents) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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