-==Limelight Networks (LLNW) reported earnings on Thur 22 Oct 20 (a/h)

• Missed consensus for Q3 EPS on in-line revs. Cash gross margin was 46.4%; efforts to add and expand capacities to meet elevated traffic, said co, have contributed to margin fluctuations. Co commented that it made material progress across its strategic imperatives in Q3, notably through the expansion of its edge capabilities. Co will continue to make investments to double down its focus on video, media, and gaming customers. Reaffirmed its FY20 revs guidance; now sees non-GAAP EPS of $(0.02)-0.08 vs previous guidance of $0.00-0.10. Price target lowered to $7 from $9 at B. Riley Securities, which believes that co's second margin surprise in three quarters suggests lower margin visibility going forward. Downgraded at Northland Capital. Drops to its lowest levels since March.
  
  

Limelight Networks misses by $0.03, reports revs in-line; guides FY20 EPS in-line, reaffirms FY20 revs guidance

Reports Q3 (Sep) loss of $0.01 per share, $0.03 worse than the S&P Capital IQ Consensus of $0.02; revenues rose 15.4% year/year to $59.24 mln vs the $58.94 mln S&P Capital IQ Consensus.

Co narrows guidance for FY20, sees EPS of ($0.02) to $0.08 from $0.00 to $0.10 vs. $0.08 S&P Capital IQ Consensus; sees FY20 revs of $230 mln to $240 mln vs. $221.09 mln S&P Capital IQ Consensus.