TEMPE, Ariz., June 26, 2019 – Shares of Limelight Networks Inc. (NASDAQ: LLNW) declined -2.55% to $2.68. The stock traded total volume of 526.416K shares lower than the average volume of 1.05M shares.
Limelight Networks, Inc. (LLNW), a leading provider of edge cloud services, recently reported revenue of $43.30M for the first quarter of 2019, down 17 percent, contrast to $52.10M in the first quarter of 2018. Currency negatively influenced year-over-year comparison by $0.30M.
Limelight reported a net loss of $8.60M, or $(0.07) per basic share for the first quarter of 2019, contrast to net income of $0.10M, or break-even per basic and fully diluted share in the first quarter of 2018.
Non-GAAP net loss was $5.10M or $(0.04) per basic share for the first quarter of 2019, contrast to non-GAAP net income of $6.20M, or $0.06 per basic share in the first quarter of 2018.
EBITDA was negative $4.10M for the first quarter of 2019, contrast to positive $4.90M for the first quarter of 2018. Adjusted EBITDA was negative $0.60M for the first quarter of 2019 contrast to positive $11.00M for the first quarter of 2018.
LLNW has the market capitalization of $305.76M and its EPS growth ratio for the past five years was 16.90%. The return on assets ratio of the Company was 0.60% while its return on investment ratio stands at 4.60%. Price to sales ratio was 1.64 while 70.70% of the stock was owned by institutional investors.