Analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to post earnings of ($0.01) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Limelight Networks’ earnings. The lowest EPS estimate is ($0.02) and the highest is ($0.01). Limelight Networks reported earnings of ($0.02) per share during the same quarter last year, which indicates a positive year over year growth rate of 50%. The business is scheduled to announce its next quarterly earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Limelight Networks will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.06) to ($0.04). For the next financial year, analysts forecast that the firm will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.02) to $0.01. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Limelight Networks.
Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Monday, April 24th. The information services provider reported $0.02 EPS for the quarter. Limelight Networks had a negative net margin of 42.13% and a negative return on equity of 7.97%. The firm had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $43.01 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Several research analysts have recently weighed in on LLNW shares. B. Riley reiterated a “buy” rating and set a $3.70 price target on shares of Limelight Networks in a research note on Thursday, February 9th. FBR & Co reiterated a “hold” rating and set a $2.50 price target on shares of Limelight Networks in a research note on Thursday, February 9th. Zacks Investment Research upgraded Limelight Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. DA Davidson reiterated a “buy” rating on shares of Limelight Networks in a research note on Monday, April 3rd. Finally, Cowen and Company reiterated a “buy” rating and set a $3.00 price target on shares of Limelight Networks in a research note on Wednesday, April 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Limelight Networks currently has an average rating of “Buy” and an average price target of $3.38.
Limelight Networks (NASDAQ:LLNW) traded down 0.97% during trading on Tuesday, reaching $3.05. 260,251 shares of the company’s stock were exchanged. The firm’s market cap is $329.33 million. Limelight Networks has a 12 month low of $1.29 and a 12 month high of $3.51. The firm’s 50-day moving average price is $2.86 and its 200-day moving average price is $2.44.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. increased its position in shares of Limelight Networks by 7.1% in the first quarter. American International Group Inc. now owns 43,718 shares of the information services provider’s stock valued at $113,000 after buying an additional 2,913 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of Limelight Networks by 39.4% in the third quarter. Alambic Investment Management L.P. now owns 59,440 shares of the information services provider’s stock valued at $111,000 after buying an additional 16,800 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Limelight Networks during the fourth quarter valued at approximately $173,000. Strs Ohio increased its position in shares of Limelight Networks by 58.4% in the first quarter. Strs Ohio now owns 68,100 shares of the information services provider’s stock valued at $175,000 after buying an additional 25,100 shares in the last quarter. Finally, National Asset Management Inc. bought a new position in shares of Limelight Networks during the third quarter valued at approximately $129,000. Institutional investors and hedge funds own 67.21% of the company’s stock.
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Limelight Networks Company Profile
Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.
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