Limelight Networks, Inc. Revises Earnings Guidance for the Year 2020; Provides Revenue Guidance for the Four Quarters of 2020 and First Half of 2020
January 29, 2020 at 09:25 pm
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Limelight Networks, Inc. revised earnings guidance for the year 2020. Based on current conditions, and compared to 2019, the company's 2020 guidance implies double digit revenue growth and higher GAAP earnings. For the year 2020, the company now expects revenue to be in the range of $223 million to $235 million and GAAP basic EPS of between negative $0.10 to break even compared to previously provided guidance of revenue to be in the range of $220 million to $235 million and GAAP basic EPS of between negative $0.10 to break even.
Like 2019, the company expects sequential quarterly revenue growth throughout 2020, and the company expects first half growth in excess of 20% over 2019.
Edgio, Inc. helps companies deliver online experiences. The Companyâs network, combined with its fully integrated application and media solutions, provide a single platform for the delivery of Web properties and streaming content. It operates through the content delivery and related services segment. Through this fully integrated platform and end-to-end edge services, companies can deliver content. Its solutions include two platforms, Media, and Applications. The media platform enables companies to stream large files (video, software downloads, live events) across the globe. The Edgio apps platform enables its clients to build, secure, and accelerate their Websites and APIs. Its e-commerce customers include brands in retail, transportation, automotive, and hospitality. It also has clients from the banking, insurance, and online payment industries whose customers rely on their Web and mobile apps and partner application programming interfaces (APIs) to transact business.
EDGIO, INC. 
