Limelight Networks, Inc. (NASDAQ:LLNW) – Equities researchers at B. Riley issued their FY2019 earnings per share estimates for Limelight Networks in a research note issued on Monday. B. Riley analyst S. Sinha forecasts that the information services provider will post earnings of $0.07 per share for the year. B. Riley currently has a “Buy” rating and a $6.00 target price on the stock.

A number of other research firms also recently issued reports on LLNW. BidaskClub raised Limelight Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Cowen reaffirmed an “outperform” rating and issued a $6.00 target price (up previously from $4.00) on shares of Limelight Networks in a research report on Thursday, October 19th. Zacks Investment Research downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Finally, DA Davidson set a $5.50 target price on Limelight Networks and gave the company a “buy” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Limelight Networks presently has an average rating of “Buy” and an average price target of $5.00.

Limelight Networks (NASDAQ:LLNW) traded down $0.03 on Wednesday, hitting $4.73. The company’s stock had a trading volume of 683,429 shares, compared to its average volume of 512,527. Limelight Networks has a 1 year low of $2.02 and a 1 year high of $6.05.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings results on Wednesday, October 18th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. Limelight Networks had a negative return on equity of 3.29% and a negative net margin of 5.91%. The firm had revenue of $46.07 million for the quarter, compared to the consensus estimate of $43.09 million. The business’s quarterly revenue was up 16.7% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in LLNW. 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 acquiring an additional 2,913 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Limelight Networks by 35.9% in the first quarter. TIAA CREF Investment Management LLC now owns 425,657 shares of the information services provider’s stock valued at $1,098,000 after acquiring an additional 112,371 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Limelight Networks by 24.0% in 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 acquiring an additional 639,265 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Limelight Networks by 6.7% in the first quarter. Geode Capital Management LLC now owns 477,917 shares of the information services provider’s stock valued at $1,233,000 after acquiring an additional 29,892 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Limelight Networks by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,821,332 shares of the information services provider’s stock valued at $9,859,000 after acquiring an additional 211,905 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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