Limelight Networks, Inc. (LLNW), a global company that provides content delivery network services to deliver digital content over the Internet yesterday reported their first quarter 2017 financial results.

Limelight reported a loss of $3.3 million in the first quarter. Limelight reported first quarter adjusted earnings of $0.02 per share which beat analyst expectations of breakeven. Limelight reported first quarter revenues of $44.7 million which beat analyst expectations of $43.4 million.

Limelight Networks, Inc. CEO’s Comments

“Our first quarter results were strong, and ahead of expectations. We have a clear strategy to deliver against aggressive targets for 2017. Strong execution in the first quarter demonstrates our ability to successfully navigate through continuous changes in a healthy industry. Our customers are trusting us with more of their business, our employee turnover is at the lowest level in years, our financial performance is improving across multiple dimensions, and overall our competitive position is stronger than ever,” said Bob Lento, Chief Executive Officer at Limelight.

“We are all very proud of the many operational achievements that Limelight’s talented staff are driving, which are manifesting in improving financial results, accelerating business growth, and increasing market share. Pricing discipline is evident in our robust gross margin improvement, and increasingly, we are winning business based on service quality and capabilities, rather than purely on pricing. Based on the strong foundation we have laid, and the strength of our first quarter, we are raising the full year guidance across multiple measures,” Mr. Lento added.  Business Wire

LLNW Technical Analysis

Limelight Networks Chart

LLNW opened trading yesterday at $2.70 which was up from the previous day’s trading close of $2.65. Shares closed trading yesterday at $2.75 and spiked up aftermarket to $3.04, equivalent to an 11% increase from the closing price. Taking a look at the daily chart we can see that the last time LLNW traded above these levels we have to go back to April 12th, 2015 when it traded at $3.26.