Limelight Networks (NASDAQ:LLNW) Releases FY19 Earnings Guidance

Limelight Networks (NASDAQ:LLNW) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of approx breakeven for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $200-210 million, compared to the consensus revenue estimate of $207.47 million.Limelight Networks also updated its FY 2019 guidance to $0.00-0.00 EPS.

Shares of NASDAQ LLNW opened at $2.36 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.01. Limelight Networks has a 52 week low of $2.21 and a 52 week high of $5.32. The company has a market capitalization of $283.77 million, a PE ratio of -118.00 and a beta of 2.07. The stock has a fifty day moving average of $2.76.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, July 17th. The information services provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.02). Limelight Networks had a negative return on equity of 12.93% and a negative net margin of 11.63%. The company had revenue of $45.90 million during the quarter, compared to the consensus estimate of $46.40 million. During the same quarter in the previous year, the business posted $0.04 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Research analysts anticipate that Limelight Networks will post -0.04 earnings per share for the current year.

LLNW has been the topic of a number of recent analyst reports. DA Davidson set a $16.00 price target on Redfin and gave the stock a hold rating in a research report on Tuesday, July 2nd. Zacks Investment Research upgraded Hallmark Financial Services from a hold rating to a buy rating and set a $16.00 price target on the stock in a research report on Friday. BidaskClub upgraded Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th. Finally, B. Riley set a $82.00 price target on Consolidated-Tomoka Land and gave the stock a buy rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Limelight Networks currently has a consensus rating of Hold and an average target price of $5.05.

Limelight Networks Company Profile

Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.

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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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