Press coverage about Limelight Networks (NASDAQ:LLNW) has been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Limelight Networks earned a coverage optimism score of 0.36 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the immediate future.
Limelight Networks (LLNW) traded up 1.27% during midday trading on Monday, hitting $3.18. The stock had a trading volume of 206,649 shares. Limelight Networks has a 1-year low of $1.45 and a 1-year high of $3.51. The company’s 50 day moving average is $2.99 and its 200 day moving average is $2.60. The company’s market cap is $343.37 million.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Monday, April 24th. The information services provider reported $0.02 EPS for the quarter. The firm had revenue of $44.70 million for the quarter, compared to analyst estimates of $43.01 million. Limelight Networks had a negative net margin of 39.80% and a negative return on equity of 6.69%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, equities analysts anticipate that Limelight Networks will post $0.05 earnings per share for the current fiscal year.
LLNW has been the subject of a number of analyst reports. Zacks Investment Research cut Limelight Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. B. Riley reaffirmed a “buy” rating and issued a $4.00 price target on shares of Limelight Networks in a research report on Sunday, April 30th. Cowen and Company boosted their price objective on Limelight Networks from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, DA Davidson reissued a “buy” rating on shares of Limelight Networks in a research report on Monday, April 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $3.38.
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About Limelight Networks
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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