Equities research analysts expect Limelight Networks, Inc. (NASDAQ:LLNW) to announce sales of $42.82 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Limelight Networks’ earnings, with estimates ranging from $42.34 million to $43.12 million. Limelight Networks reported sales of $39.47 million during the same quarter last year, which indicates a positive year over year growth rate of 8.5%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, October 18th.

According to Zacks, analysts expect that Limelight Networks will report full-year sales of $42.82 million for the current financial year, with estimates ranging from $179.33 million to $181.06 million. For the next year, analysts expect that the business will post sales of $191.03 million per share, with estimates ranging from $187.42 million to $194.50 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings results on Wednesday, July 26th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $45.37 million for the quarter, compared to analyst estimates of $45.25 million. Limelight Networks had a negative net margin of 8.65% and a negative return on equity of 5.03%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 EPS.

A number of equities research analysts have issued reports on the company. BidaskClub upgraded Limelight Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. TheStreet upgraded Limelight Networks from a “d+” rating to a “c” rating in a research note on Thursday, July 27th. B. Riley restated a “buy” rating and set a $4.30 price target on shares of Limelight Networks in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.45.

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Several large investors have recently made changes to their positions in the stock. Ironwood Investment Management LLC grew its stake in shares of Limelight Networks by 1.4% during the 1st quarter. Ironwood Investment Management LLC now owns 88,329 shares of the information services provider’s stock valued at $228,000 after acquiring an additional 1,209 shares during the period. American International Group Inc. grew its stake in shares of Limelight Networks by 7.1% during the 1st quarter. American International Group Inc. now owns 43,718 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 2,913 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Limelight Networks by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,823 shares of the information services provider’s stock valued at $193,000 after acquiring an additional 3,090 shares during the period. Acadian Asset Management LLC grew its stake in shares of Limelight Networks by 3.0% during the 2nd quarter. Acadian Asset Management LLC now owns 179,959 shares of the information services provider’s stock valued at $520,000 after acquiring an additional 5,269 shares during the period. Finally, ClariVest Asset Management LLC grew its stake in shares of Limelight Networks by 2.1% during the 1st quarter. ClariVest Asset Management LLC now owns 324,990 shares of the information services provider’s stock valued at $839,000 after acquiring an additional 6,727 shares during the period. Institutional investors own 68.99% of the company’s stock.

Shares of Limelight Networks (LLNW) opened at 3.795 on Tuesday. The company’s 50 day moving average is $3.59 and its 200 day moving average is $3.05. The company’s market capitalization is $414.60 million. Limelight Networks has a one year low of $1.45 and a one year high of $4.03.

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

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