Why Edgio Stock Popped Today

·2 min read

Shares of Edgio (NASDAQ: EGIO), the edge-computing company formerly known as Limelight Networks, was surging today after it reported better-than-expected results in its second-quarter earnings report. Edgio, which was formed after Limelight acquired Yahoo's Edgecast, reported 54% revenue growth in the quarter, or 27% organic growth, to $74.3 million, well ahead of estimates at $63.5 million. Customer count also nearly doubled to 1,000 after the acquisition.