Stock Monitor: China Finance Online Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 30, 2018 / Active-Investors.com has just released a free earnings report on Limelight Networks, Inc. (NASDAQ: LLNW). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LLNW. Limelight Networks reported its first quarter fiscal 2018 operating and financial results on April 19, 2018. The network services Company outperformed top- and bottom-line expectations and record gross margin. Additionally, the Company raised its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for China Finance Online Co. Limited (NASDAQ: JRJC), which also belongs to the Technology sector as the Company Limelight Networks. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=JRJC

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Limelight Networks most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=LLNW

Earnings Highlights and Summary

Limelight Networks reported revenue of $52.1 million for the first quarter of 2018, up 16% compared to $44.7 million in Q1 2017. Currency favorably impacted y-o-y comparison by $0.5 million. The Company's reported numbers beat analysts' estimates of $48.2 million.

During Q1 2018, Limelight Networks' GAAP gross margin was 51.2%, reflecting an increase of 390 basis points from 47.3% in Q1 2017. The Company's cash gross margin was 60.3% for the reported quarter, representing an increase of 200 basis points y-o-y, with both gross and cash margin at a highest ever reported level.

Limelight Networks reported net income of $0.1 million, or break-even per basic and fully diluted share, for Q1 2018 compared to a net loss of $3.3 million, or loss of $0.03 per basic share, for Q1 2017.

For Q1 2018, Limelight Networks' non-GAAP net income was $6.2 million, or $0.06 per basic share, compared to non-GAAP net income of $1.6 million, or $0.02 per basic share, for Q1 2017. The Company's earnings beat Wall Street's estimates of $0.02 per share.

Limelight Networks' earnings before interest, tax, depreciation, and amortization (EBITDA) was $4.9 million for Q1 2018 compared to $1.7 million for Q1 2017. The Company's adjusted EBITDA was $11.0 million for the reported quarter compared to $6.7 million for Q1 2017.

Cash Matters

Limelight Networks had cash and marketable securities of $43.7 million at the end of Q1 2018. The Company repurchased 1 million shares of its stock at $3.8 million in the reported quarter. Limelight Networks paid its annual bonus to employees and paid $2 million for CapEx.

Limelight Networks ended with 544 employees and employee equivalents in Q1 2018, up from 533 at the end of Q4 2017, and up from 528 at the end of Q1 2017.

Outlook

For full year 2018, Limelight Networks is forecasting revenue to be in the range of $198 million to $202 million, up from previously issued guidance of $196 million to $200 million. The Company's gross margin expectation is now an improvement of over 150 basis points, up from its previous guidance of a 100-basis point improvement.

For FY18, Limelight Networks is projecting GAAP earnings to be in the range of $0.07 and $0.11 per diluted share and non-GAAP earnings is estimated to be between $0.13 and $0.17 per share, up from earlier estimates of $0.11 and $0.15 per share. The Company is estimating adjusted EBITDA to be in the band of $33 million and $37 million compared to its earlier guidance of between $32 million and $36 million.

Limelight Networks is confident that operational efficiency will allow the Company to deliver these higher results with lower capital deployment. Limelight Networks is anticipating capital expenditures to be between $20 million and $22 million, down from its previous expectations of between $22 million and $24 million.

Stock Performance Snapshot

April 27, 2018 - At Friday's closing bell, Limelight Networks' stock slightly declined 0.58%, ending the trading session at $5.18.

Volume traded for the day: 1.42 million shares, which was above the 3-month average volume of 1.22 million shares.

Stock performance in the last month - up 26.03%; previous three-month period - up 18.81%; past twelve-month period - up 60.87%; and year-to-date - up 17.46%

After last Friday's close, Limelight Networks' market cap was at $573.74 million.

The stock is part of the Technology sector, categorized under the Internet Information Providers industry. This sector was flat at the end of the session.

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