NEW YORK ( TheStreet) -- Shares of Limelight Networks ( LLNW) were volatile in late trades on Monday after the Tempe, Ariz.-based software provider reported a wider than anticipated quarterly loss and gave a weak revenue forecast. The company posted a non-GAAP loss of $5.9 million, or 5 cents a share, for its fiscal second quarter ended in June on revenue of $50.5 million. The average estimate of analysts polled by Thomson Reuters was for a loss of 3 cents a share in the June period on revenue of $52.4 million. "Revenue in the quarter, however, was approximately $2 million below our forecast due to lower-than-expected campaign volume on our EyeWonder rich media advertising platform and a dip in CDN
content delivery network traffic for two of our largest customers during a widely followed platform shutdown after a security breach of a third party's network," said Jeff Lunsford, chairman and CEO, in a statement. Limelight expects revenue of between $51.7 million and $53.2 million for its fiscal third quarter ending in September, below the current consensus estimate of $57.6 million. The stock was last quoted at $3.30, unchanged from its close after falling more than 14% in Monday's regular session. Volume was above 70,000, and the shares went as low as $2.30, a drop of 30%. Wall Street was skeptical of Limelight ahead of the report. Six of the nine analysts covering the stock are at either hold (5) or underperform (1).
For its second quarter ending in September, Take-Two sees a non-GAAP loss of 55 to 65 cents a share on revenue of $70 million to $85 million. Wall Street's current consensus view is for a loss of 6 cents a share on revenue of $195.4 million in the quarter. Take-Two sees a non-GAAP profit of 10 to 35 cents a share for the full year on revenue ranging from $1 billion to $1.1 billion. Other stocks making notable moves included Marvell Technology ( MRVL), rising 7% to $12.80 on volume of 1.5 million; RealNetworks ( RNWK), adding 9.5% to $3 on volume of 1.5 million; and MGM Resorts ( MGM), falling almost 4% to $11.10 on volume of nearly 400,000 after the casino operator reported a quarterly profit of $3.4 billion, boosted a gain from the acquisition of its China operations. -- Written by Michael Baron in New York.