Limelight (LLNW) Raises Q3 Guidance, Stock Up 8%

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Limelight (LLNW), which has issued lackluster guidance for Q3 improved that forecast, and shares rallied over 8% after hours to $12.62.

The company announced that it expects 2007 third-quarter GAAP revenue to be in the range of $28.6 million to $29.1 million and non-GAAP revenue to be in the range of $27.5 million to $28.0 million, compared to earlier expectations of GAAP and non-GAAP revenue in the range of $27.0 million to $28.0 million and $25.5 million and $26.5 million, respectively, as provided on August 9, 2007.

Good news for all.

Douglas A. McIntyre