Limelight Networks, Inc.

Company Details:

Company Symbol: LLNW
Sector: Internet & Digital Media
Company Rating:
URL: http://www.limelightnetworks.com/

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  • 07/27/17 Update LLNW ($3.48, Buy; $4.30 PT): Solid Margin Expansion in 2Q With Guide Up in 2H17; Several Catalysts Emerging for Rev Accel /Margin Expansion; Raising PT to $4.30
  • 07/27/17 Morning Note B. Riley AM Note: ARC, AXTI, BCOV, CSGP, DMRC, GUID (downgrade), GSM, IMAX, LLNW, LRCX, PCMI, RGC, SLAB, TYL; Software (BLKB, CALD, CSOD, GUID, STMP)
  • 07/21/17 Morning Note B. Riley AM Note: AXTI, CAMT, DHX.B, HZO, MXIM, PII, SKX, SWKS, VIAV (upgrade), WEB; Software (NTCT, TYL, TYPE)
  • 07/20/17 Update Internet Earnings Preview: Week of July 24, 2017 – GOOGL, AKAM, BCOV, LLNW
  • 07/20/17 Morning Note B. Riley AM Note: ASML, AVGO, CTG, SANW, SWKS; Internet (AKAM, BCOV, GOOGL, LLNW)
  • 05/31/17 Update RILY Conf. Best Ideas (BRKS, CTSO, DHXM, GUID, HCHC, LLNW, PRMW, SKX, SUP, TNAV, VSAT)
  • 05/31/17 Morning Note B. Riley AM Note: AMC, BOOT, CALD, NMRX (discontinuation), TIVO; Exhibitors (AMC, CNK, IMAX, MCS, RDI, RGC), RILY Conf. Best Ideas/Recap (BRKS, CTSO, DHXM, GUID, HCHC, LLNW, PRMW, SKX, SUP, TNAV, VSAT)
  • 04/25/17 Morning Note B. Riley AM Note: COLM, DLB, DMRC, LLNW, SUP, UAA, VFC; Marine (BC, HZO, MBUU, MCFT, MPX, WMAR), Semiconductors (ADI, EXAR, INTC, MCHP, MRVL, MXIM, NLST, ON, SLAB, SMTC, SQNS, TXN)
  • 04/25/17 Update LLNW ($3.07, Buy; $4.00 PT): Solid Beat Driven By Top-20 Customer Growth, Guides FY17 Up Slightly; PT to $4.00
  • 04/19/17 Morning Note B. Riley AM Note: CAMP, IMAX, LRCX, MZOR, PBH, PCTI, PRGO, RCKY, RGC, YHOO; Internet (GOOGL, LLNW), Toys (HAS, JAKK, MAT)
  • 04/19/17 Update Industry Update - Internet Earnings Preview: Week of April 24, 2017 (GOOGL, LLNW)
  • 03/31/17 Morning Note B. Riley AM Note: AKAM, FC, LLNW, SIMO, SIX, SMTC, SSI, WYY
  • 03/31/17 Update LLNW ($2.59, Buy; $3.70 PT): Management Meetings Reinforce Conviction in Thesis, Reiterate Buy
  • 03/17/17 Morning Note B. Riley AM Note: AMRK (resuming coverage), ARTX, AXTI (downgrade), FINL, GSM, LLNW, NKE, NMRX, PFSW, RDI, SCVL; Focus List Update (BV, CARB, DKS, IMAX, KTOS, LITE, MPAA, MRVL, OOMA, PBH, TRUE), Optical Components (CIEN, FNSR, INFN, LITE, NPTN, OCLR)
  • 03/16/17 Update LLNW ($2.40, Buy; $3.70 PT): Stock Trading +9% Intraday as Overhang is Eliminated; Traffic Trends and Buyback Confirm Thesis is on Track. Reiterate Buy.
  • 02/09/17 Update LLNW ($2.33, Buy; $3.70 PT): Reports 4Q Beat Driven By Record Traffic, Share Gains; Discount to Peers Should Narrow on Transition to Profitable Growth; Reiterate Buy
  • 02/09/17 Morning Note B. Riley AM Note: AOSL, BLKB, CAMT, FORM, LGF.A, LLNW, OSIS, PCMI, RNWK, TYL; Boardsports (DECK, NKE, VFC), Footwear (BOOT, COLM, DECK, RCKY, VFC, WEYS, WWW)
  • 02/06/17 Update Industry Update: Internet Earnings Preview: Week of February 6, 2017 (AKAM, APPS, LLNW, P, WEB, YELP)
  • 02/06/17 Morning Note B. Riley AM Note: AVGO, CLX, IPHI, KIRK, SBH, SWKS, TUES, VSAT; Internet (AKAM, APPS, LLNW, P, WEB, YELP), Semiconductors (AOSL, INTC, MCHP, NVDA, ON, TXN), Semi. Cap. Equipment (CAMT, FORM)
  • 01/03/17 Update Industry Update - Internet: 2017 Top Picks – Focusing on Stock Picking based On Revenue Growth Driven Potential for Multiple Expansion (AKAM, LLNW, TRUE, WEB)
  • 01/03/17 Morning Note B. Riley AM Note: AKAM, BOOT (upgrade), GSM, IMAX, SPCB, TUP, VVI; Exhibitors (AMC, CNK, IMAX, MCS, RDI, RGC), Focus List (BV, DKS, FLEX, GSM, IMAX, KTOS, LITE, MPAA, MRVL, PBH, PFSW, TNAV, TRUE), Internet (AKAM, LLNW, TRUE, WEB), Media (EVLV, RDI, RLH)
  • 12/22/16 Morning Note B. Riley AM Note: ABTL, ACLS, AMAT, CAMP, CKEC (discontinuation), FINL (downgrade), FORM, KTOS, LLNW, LRCX, MAT; Retail Apparel (downgrades: KIRK, SSI, ZUMZ)
  • 12/22/16 Update LLNW ($2.56, Buy; $3.70 PT): Announces Formal 2017 Outlook Indicating Solid Fundamentals, Geographic Expansion and Increased Investments; Reducing 2017 AEBITDA. Reiterate Buy.
  • 12/12/16 Update LLNW ($2.31, Buy; $3.70 PT): Meetings with Management Provide Increased Confidence in 2017; Catalyst in January; Reiterate Buy
  • 12/12/16 Morning Note B. Riley AM Note: IEC, LLNW, RDI, SIMO, WEB; Boardsports (DECK, NKE, VFC)
  • 12/09/16 Morning Note B. Riley AM Note: AVGO, CHKE, CIEN, CTSO, DRAD, FNJN, FNSR, IDSY, LGF, LLNW, MEI, SMTC, VNCE; Footwear (BOOT, COLM, DECK, RCKY, VFC, WEYS)
  • 10/27/16 Update LLNW ($1.88, Buy; $3.70 PT): Missed Q But Momentum Increasing; Operational Improvements Continuing; 2017 Developing Into Banner Year for CDNs; Reiterate Buy
  • 10/27/16 Morning Note B. Riley AM Note: AXTI, BHE, BOOT, CSGP, DLB, EGHT, GRPN, INFN, KEM, LLNW, NTRI, NVDA, PCMI, PII, PLXS, SIX, SLAB, SONS, TYL, TRUE, TXN, TYPE
  • 10/24/16 Update Industry Update: Internet Earnings Preview: Week of October 24, 2016 – AKAM, GOOGL, GRPN, LLNW, P
  • 10/24/16 Morning Note B. Riley AM Note: CTG, EL, IDCC, MCS, MEI, NTRI, OSIS, PCTI, PII, RGC, SIMO, SIX, TRUE (upgrade), TYL, WDFC, WMAR; Internet (AKAM, GOOGL, GRPN, LLNW, P), Semiconductors (SLAB, SQNS, TXN), Semi. Cap. Equipment (COHU, FORM)
  • 09/01/16 Update LLNW ($1.78, Buy; $3.70 PT): Adjusting Model for AKAM Settlement; Maintain Buy on Improving Fundamentals and Valuation
  • 09/01/16 Morning Note B. Riley AM Note: AMRK, APPS, FLEX, LLNW, OXM, PBH, SMTC; Semiconductors and Capital Equipment (AMAT, INTC, ISIL, FORM, LRCX, MCHP, NVDA, SWKS), Focus List Update (ABTL, BV, DKS, JCP, KTOS, LITE, MEI, MRVL, PBH, ROVI, TACT, TNAV, VVI)
  • 08/02/16 Update LLNW ($1.75, Buy; $3.70 PT): Converts '703 Settlement to a License Deal, Materially Strengthens Balance Sheet, Reiterate Buy
  • 08/02/16 Morning Note B. Riley AM Note: AMC, BLKB, CBR, CKEC, CROX, CVU, EMKR, FTD, IDTI, IMMR, IVAC, KE, LIOX, LLNW, NLS, PBH, SBH, TST, XOXO
  • 07/28/16 Update LLNW ($1.71, Buy; $3.70 PT): Beat Q and Mixed Guide; Nice Cash Generation as Operational Improvements Continue; Still Solid Value at 0.8x Revenue and 6.0x AEBITDA
  • 07/28/16 Morning Note B. Riley AM Note: AMC, AXTI, CKEC, CSGP, DHX, DLB, GRPN, INFN (downgrade), LLNW, LRCX, MFLX, MPX, NTRI, PCMI, PCTI, SIX, SLAB, SONS (downgrade), SUP, TYL, TYPE; The Weiser Consumer (COTY, IPAR, JAKK, MAT, PG, TUP)
  • 07/22/16 Morning Note B. Riley AM Note: BHE, CAMT, CLS, CTG, DLB, EGHT, FLEX, IPAR, JAKK, KMB, MXIM, P, PLXS (downgrade), RUBI, SIMO, SKX, SWKS, TUP, TYPE, UTEK; Internet (AKAM, BCOV, GOOGL, GRPN, LLNW), Optical Components (AXTI, FNSR, INFN, INPHI, LITE, NPTN, OCLR)
  • 07/22/16 Update Industry Update: Internet Earnings Preview - Week of July 25, 2016 – AKAM, LLNW, GOOGL, BCOV, GRPN
  • 07/05/16 Morning Note B. Riley AM Note: ACLS, LLNW; Exhibitors (AMC, CKEC, CNK, IMAX, MCS, RGC)
  • 07/05/16 Update LLNW ($1.56, Buy; $3.70 PT): Court Reduces Damages by $12MM, Reduces Liquidity Risk Significantly
  • 06/28/16 Update Industry Update - Internet: Assessing Brexit Exposure to Coverage Universe (AKAM, ABTL, APPS, BCOV, DMD, GDDY, GOOGL, GRPN, LLNW, P, NAME, RUBI, TRUE, WEB, XOXO, YELP, YHOO)
  • 06/22/16 Morning Note B. Riley AM Note: FINL, IDCC, IMMR, INTC, LLNW, NIKE, NVDA, OSIS, UTEK
  • 04/28/16 Morning Note B. Riley AM Note: BLKB, CSGP, DHX, DLB, DMRC, FLWS, FORM, LLNW, MPX, MRVL, OSIS, SIMO, SIX, SLAB, SNDK, SONS, SUP, TUES, TYL, TXN; EMS (IEC, KE, MFLX, SPA)
  • 04/28/16 Update LLNW ($1.75, Buy; $3.70 PT): Mixed Q and Guides Down; Nice Cash Generation as Operational Improvements Continue; Still Solid Value at 0.8x Revenue and 7.0x AEBITDA; Reducing Estimates and PT
  • 04/25/16 Morning Note B. Riley AM Note: COTY, DHX, DMRC, KMB, OUTR, SHOO, SONS, VVI; Internet (AKAM, BCOV, GRPN, LLNW, P), MediaTech (DLB, IDCC, ROVI), Semiconductors (ISIL, SNDK, SLAB, SQNS, SWKS, TXN), SemiCap (BRKS, CSCD, COHU, FORM, KLAC), Software (BLKB, CTG, TYL, TYPE)
  • 04/25/16 Update Industry Update: Internet Earnings Preview - Week of April 25, 2016 (AKAM, BCOV, GRPN, LLNW, P)
  • 02/10/16 Update LLNW ($1.06, Buy; $4.30 PT): Breakeven EPS and FCF Generation Highlight the Leverage; Solid Value at 0.2x Revenue and 2.3x AEBITDA
  • 02/10/16 Morning Note B. Riley AM Note: ACW, AKAM, AMRK, APPS, BHE, BLKB, CALD, ELNK, EVOL, KIRK, LLNW, MPAA, MTSN, MXIM, RGC, RNWK, SKX, TXN, UTEK, VSAT; Boardsports (DECK, NKE, VFC), Semi. Cap. Equipment (CSCD, FORM), Shoes (COLM, DECK, RCKY, VFC, WWW)
  • 02/08/16 Morning Note B. Riley AM Note: AEO, AMRK, CSOD, EL, FARM, LGF, LIOX, MRVL, ON, RDEN, SBH, SPA; Internet (AKAM, APPS, BCOV, GRPN, LLNW, P, WEB, YELP), Semi. Cap. Equipment (CAMT, COHU, MTSN)
  • 02/05/16 Update Industry Update: Internet - Earnings Preview for Week of February 8, 2016
  • 11/23/15 Update LLNW ($1.64, Buy; $4.30 PT): Fundamental Story Intact Despite Speed Bumps
  • 11/23/15 Morning Note B. Riley AM Note: ADI, FARM, FL, LGF, LLNW, PCTI, XCRA; Exhibitors (AMC, CKEC, CNK, IMAX, MCS, RLD, RGC)
  • 11/04/15 Morning Note B. Riley AM Note: AEO, CALD, CROX, CSOD, DSW, DTSI, ELNK, FARM, FLWS, GRPN, GSM, LLNW, LOV, NPTN, OCLR, PCTI, RNWK, SRI, STMP, TACT, TREC, UEIC, UNTD, VPG, XOXO
  • 11/04/15 Update LLNW ($2.10, Buy; $4.30 PT): Missed Q but Market Share Gains Continue; Compelling Valuation with High Optionality; Reducing Estimates and PT declines from $6.50 to $4.30
  • 10/30/15 Update Industry Update - Internet: Earnings Preview, Week of November 2, 2015
  • 10/23/15 Morning Note B. Riley AM Note: BHE, EGHT, GOOGL, JAKK, LLNW, MXIM, P, PRGO, SKX, TYL, UA, UTEK, VNCE
  • 09/29/15 Morning Note B. Riley AM Note: CAMP, ELNK, MWW, NLS, RLD, ROVI; Internet (BCOV, DMD, GOOGL, LLNW, NAME, XOXO), Semiconductors (AOSL, ADI, BRCM, EXAR, INTC, ISIL, LLTC, MRVL, MXIM, MCHP, NVDA, ON, SNDK, SMTC, SLAB, SWKS, TXN), The Weiser Consumer (FLWS, FTD, PRGO)
  • 09/29/15 Update Internet: Micro Cap Stocks with Catalysts and Attractive Valuations
  • 09/04/15 Morning Note AM Note CIEN, VNCE, XCRA; Internet Industry (ABTL, AKAM, DMD, GOOG, LLNW, P, RUBI, YELP, YHOO)
  • 09/02/15 Morning Note B. Riley AM Notes: AKAM, FLWS, IMAX, LLNW, MEI, VNCE
  • 08/17/15 Morning Note B. Riley AM Notes: ACLS, ADI, AEO, JCP, LLNW, LRCX, MU, RNWK, SNDK
  • 08/17/15 Update LLNW ($2.70, Buy; $6.50 PT): Meetings with Management Provide Confidence in Underlying Fundamentals and Turnaround; Terminal Margins by YE2017
  • 08/14/15 Morning Note B. Riley AM Notes: AMAT, COTY, LLNW, PLNR, SMTC; The Weiser Consumer (FTD, IPAR, PBH, PRGO, RDEN, SBH)
  • 08/14/15 Update LLNW ($2.67, Buy; $6.50 PT): Patent Verdict Still not Final and LLNW has Right to Appeal; Cash Balance not a Concern as Burn is Declining in 2H and 2016; Maintain Buy
  • 08/04/15 Update LLNW ($4.10, Buy; $6.50 PT): Solid Q Points Towards Share Gains and Operational Improvements; Conservative Guidance and More Efficiencies
  • 07/31/15 Morning Note Morning Notes: AVP, AXTI, BCOV, CALD, CL, COHR, COHU, COLM, CROX, CSGP, DECK, ELNK, EVOL, GPX, GUID, IMMR, KLAC, KTCC, LLNW, MTSN, MWW, NTCT, OUTR, PCCC, REIS, RGC, ROVI, SHOO, SRI, WMAR, WWWW; July Focus List (updated): CHKE, CONN, EMKR, GUID, ISIL, KTOS, NTRI, PRMW, RLD, RUBI, SRI
  • 07/31/15 Update LLNW ($3.59, Buy; $6.50 PT): Earnings Preview: Expect In line to Slight Beat in Quarter and Increase in Full Year Guidance
  • 05/01/15 Morning Note B. Riley & Co. Morning Notes: AVP, AXTI, BCOV, BRKS, CALD, CAMT, CLRO, COHU, CSGP, DWA, EL, FN, IMAX, IMMR, JDSU, LLNW, NTCT, NTRI, PCCC, REIS, RGC, ROVI, SBH, SWKS, UNTD, WMAR, WWWW; May Focus List (CHKE, CKEC, CONN, EMKR, GUID, ISIL, KTOS, NTRI, PRMW)
  • 05/01/15 Update LLNW ($3.96, Buy; $6.50 PT): Upgrading to Buy as Revenue Growth and Efficiency Opportunities Become Evident; Modeling FCF Generation by 3Q16; Increasing Estimates and PT increases from $4.00 to $6.50
  • 04/29/15 Morning Note B. Riley & Co. Morning Notes: ACW, AKAM, AXTI, BCOV, CLX, CTG, DORM, FLWS, IIVI, IMAX, IMMR, LLNW, PCMI, PRGX, SIMO
  • 04/29/15 Update LLNW ($3.72, Neutral; $4.00 PT): Preview: Expect Upside in Q; Revenue Growth and PF GM in Focus; Cash Burn Keeps us on Sidelines; Increasing PT from $2.60 to $4.00
  • 02/03/15 Morning Note B. Riley & Co. Morning Notes: CLX, COTY, EL, FN, LIOX, LLNW, OCLR, RDEN, RLD, RTEC, TYL, TYPE
  • 02/03/15 Update LLNW ($2.90, Neutral; $2.60 PT): Nice Upside as Turnaround Gains Traction; 2015 Guidance Indicates No Operating or FCF Leverage, which Keeps Us on Sidelines
  • 12/26/14 Morning Note B. Riley & Co. Morning Notes: AKAM, LLNW
  • 11/12/14 Morning Note B. Riley & Co. Morning Notes: ARTX, DMD, FTD, GRPN, IPAR, LLNW, MPAA, SBH, SGGH, SWKS, WYY
  • 11/11/14 Update LLNW ($2.50, Neutral; $2.20 PT): Slight Upside; Underlying Metrics Improving; Preliminary 2015 Revenue Guidance Underwhelms
  • 08/06/14 Morning Note B. Riley & Co. Morning Notes: ABTL, AOSL, CNK, CNVR, CSCD, ELNK, EVOL, GRPN, GUID, IEC, IIVI, LLNW, NCMI, NILE, ODP, PCOM, PG, PRMW, RLD, TROX, XOXO; Consumer Products Weekly
  • 08/05/14 Update LLNW ($2.46, Neutral; $2.20 PT): Nice beat; Underlying Metrics Improving but Optically Tough Comps
  • 05/07/14 Morning Note B. Riley & Co. Morning Notes: ACLS, AOSL, CNK, CNVR, DMD, ELNK, EVOL, GUID, JIVE, LLNW, MANH, MCHP, MOVE, OCLR, ODP, PCOM, PLNR, TROX
  • 05/07/14 Update LLNW ($1.93, Neutral; $2.20 PT): Nice beat; Underlying Metrics Improving but Optically Tough Comps
  • 04/16/14 Morning Note B. Riley & Co. Morning Notes: DSW, INTC, LLTC, PBH, YHOO; Internet
  • 04/16/14 Update Industry Update - Internet: Stock Prices are Currently at Levels of Last Two Pullbacks; Further Downside in the 7-15% Range; Earnings Season and Associated Data Flow Could be a Catalyst
  • 02/14/14 Morning Note B. Riley & Co. Morning Notes: ATNY, AVP, CIDM, DCO, JOEZ, LLNW, MOVE, REMY, RGC, SIX, STMP, TYPE
  • 02/14/14 Update LLNW ($2.11, Neutral; $2.20 PT): In Line Quarter; Underlying Metrics Improving but Not out of the Woods; $15MM Buyback Announced; Adjusting Estimates for WCM Sale; PT Increases from $2.00 to $2.20
  • 11/11/13 Morning Note B. Riley & Co. Morning Notes: AMAT, ARTX, BIRT, COTY, DIS, LGF, LLNW, Media (BTN, CKEC, CIDM, CNK, DCIN, IMAX, MCS, NCMI, RLD, RGC), RLD, TTGT, VSAT, XOXO
  • 11/11/13 Update LLNW ($1.96, Neutral; $2.00 PT): Weak Quarter as Turnaround Efforts Continue; Reducing Estimates
  • 08/08/13 Update LLNW ($2.20, Neutral; $2.00 PT): Weak Quarter as Turnaround is Disruptive; Reducing Estimates; PT Declines to $2.00 from $2.10
  • 08/08/13 Morning Note B. Riley & Co. Morning Notes: AOSL, CVU, DMD, GRPN, IMPV, KTOS, KW, LLNW, MPAA, OPLK, PCOM, RLD, SYMM, TWX, ZUMZ
  • 05/10/13 Morning Note B. Riley & Co. Morning Notes: AMCX, BEBE, BRKS, BWLD, CFN, CIDM, EMKR, IPAR, KTOS, LLNW, MDRX, NVDA, RLD, SKX, SRI, TWX, WFR, WTSL, XOXO
  • 05/10/13 Update LLNW ($2.03, Neutral; $2.10 PT): In Line Quarter but Too Many Uncertainties in this Turnaround; Maintain Neutral
  • 02/20/13 Morning Note B. Riley Caris Morning Notes: ADI, BJRI, CCO, CLX, CTGX, DMD, DOX, DRCO, ELNK, KONA, LLNW, MTSN, NSR, NUAN, OMX, RRGB, SYMC, TXRH, UEIC, UNTD
  • 02/20/13 Update LLNW ($2.38, Neutral; $2.10 PT): Mixed Quarter; New CEO Suspends Guidance to Assess/Invest; Reducing Estimates and PT Declines to $2.10 from $2.60
  • 11/02/12 Morning Note B. Riley & Co. Morning Notes: AXTI, BCOV, BEBE, BRLI, CALD, CKEC, DRCO, FBP, GLUU, GPX, HZO, IRF, JMBA, KSWS, LLNW, MSPD, NTCT, OCLR, OPLK, REIS, ROVI, SHOO, SNAK, SSI, TXRH, UNTD, VCLK, WTSLA
  • 11/02/12 Update LLNW (Neutral; $2.60 PT): In Line Quarter But 4Q12 Guidance Implies Slowdown in CDN and VAS; PT declines from $2.75 to $2.60
  • 08/03/12 Morning Note B. Riley & Co. Morning Notes: ACCL, ABTL, BANC, BIRT, CALD, ELNK, FEIC, GPX, HOTT, IIVI, KSWS, KTOS, LLNW, MCHX, REIS, ROVI, RBCN, SNAK, SRI, SSI, UEIC, VCLK, VSAT, WTSLA
  • 08/03/12 Update LLNW (Neutral; $2.75 PT): 2Q12 Misses Due to Weakness in ProfServ and Guidance Implies Weak 3Q12; Reducing Estimates; Reducing PT from $3.00 to $2.75
  • 08/02/12 Morning Note B. Riley & Co. Morning Notes: ABTL, AEO, AXTI, CKEC, HOTT, JMBA, KCP, KTOS, LLNW, MCHX, NEWP, PACW, PII, UNTD, ZUMZ
  • 06/05/12 Desk Report B. Riley & Co. Morning Notes: IMAX, LIOX, LLNW, MCHX, OCLR, OPXT, TTGT, WWWW
  • 05/04/12 Update LLNW (Neutral; $3.00 PT): 1Q12 and 2Q12 Guidance Mostly In line; Cloud Services Grew 25% PF; Maintain Neutral and $3 Target
  • 05/04/12 Update B. Riley & Co. Morning Notes: ABTL, ACCL, ARR, BANC, BEBE, BIRT, BOFI, CMLS, EXAR, Exhibitors, GPX, GSIT, JMBA, KSWS, KCP, KTOS, LLNW, MCHX, OPLK, PCOM, ROVI, SHOO, SNAK, UEIC, WTSLA