Limelight Networks, Inc. (LLNW) Expected to Earn Q3 2018 Earnings of ($0.01) Per Share
Limelight Networks, Inc. (NASDAQ:LLNW) – Analysts at DA Davidson issued their Q3 2018 EPS estimates for Limelight Networks in a research report issued on Thursday. DA Davidson analyst M. Kelleher expects that the information services provider will post earnings of ($0.01) per share for the quarter. DA Davidson currently has a “Buy” rating and a $5.50 target price on the stock. DA Davidson also issued estimates for Limelight Networks’ Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.01 EPS and FY2019 earnings at $0.06 EPS.
LLNW has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $4.30 price objective on shares of Limelight Networks in a research note on Tuesday, August 1st. Cowen and Company reaffirmed an “outperform” rating and set a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a research note on Thursday. BidaskClub raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Friday. Finally, TheStreet raised shares of Limelight Networks from a “d+” rating to a “c” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.00.
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Limelight Networks (NASDAQ LLNW) opened at 4.96 on Monday. The firm’s market cap is $541.87 million. The stock has a 50 day moving average of $4.00 and a 200-day moving average of $3.34. Limelight Networks has a 52-week low of $1.70 and a 52-week high of $5.09.
Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Wednesday, October 18th. The information services provider reported $0.02 earnings per share for the quarter. The business had revenue of $46.07 million during the quarter, compared to analyst estimates of $43.09 million. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.31%. The business’s quarterly revenue was up 16.7% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of LLNW. JPMorgan Chase & Co. lifted its stake in Limelight Networks by 1,161.5% during the first quarter. JPMorgan Chase & Co. now owns 1,731,810 shares of the information services provider’s stock valued at $4,468,000 after buying an additional 1,594,523 shares in the last quarter. Vanguard Group Inc. lifted its stake in Limelight Networks by 24.0% during the first quarter. Vanguard Group Inc. now owns 3,307,238 shares of the information services provider’s stock valued at $8,533,000 after buying an additional 639,265 shares in the last quarter. EAM Investors LLC purchased a new stake in Limelight Networks during the second quarter valued at about $1,252,000. Algert Global LLC lifted its stake in Limelight Networks by 614.3% during the second quarter. Algert Global LLC now owns 392,017 shares of the information services provider’s stock valued at $1,133,000 after buying an additional 337,139 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Limelight Networks during the second quarter valued at about $970,000. 68.99% of the stock is owned by institutional investors.
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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