Jefferies: LLNW Delivers Solid Q4, Better-Than-Expected Q1

Limelight Networks' (NASDAQ: LLNW) delivered solid Q4 results, with better-than-expected Q1 outlook, Jefferies reports.

“Limelight Networks delivered revenue/pf EPS of $55mm/(0)c vs consensus estimate of $53mm/0c,” Jefferies writes. “Core CDN business grew 21% y/y and cloud based and consulting services grew to 36% of total revenue. Intl revenue represented 29% of total revenue flat from Q3.

“Impressively, the company guided Q1 revenue btw $48-49.5mm vs the street estimate of $48mm. We modeled Q1 revenue of $44mm.”

Limelight Networks closed Monday at $6.46.