Shares of Limelight Networks Inc., a content delivery network services provider, are up significantly today. At last check, Limelight Networks shares were trading 6.27% higher at $2.88.
Limelight Networks shares are soaring after rival Akamai Technologies (NASDAQ: AKAM) reported strong third-quarter financial results and gave solid guidance for the current quarter after market close on Wednesday. Limelight will release its own third-quarter financial results on November 7, 2011.
Limelight expects third-quarter revenue to come in between $51.7 million and $53.2 million. For the second quarter of 2011, the company reported revenue of $50.5 million, representing an increase of 20% over the same period in the previous year. The company’s adjusted EBITDA for the second quarter came in at $2.6 million. It reported a non-GAAP net loss of $5.9 million, or $0.05 per share.
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