Limelight Networks, Inc. (LLNW) Given Average Recommendation of “Buy” by Analysts
Shares of Limelight Networks, Inc. (NASDAQ:LLNW) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.00.
LLNW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Friday, October 20th. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of Limelight Networks in a research note on Wednesday, December 13th. BidaskClub cut shares of Limelight Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. DA Davidson set a $5.50 price target on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Cowen reiterated an “outperform” rating and set a $6.00 price target (up previously from $4.00) on shares of Limelight Networks in a research note on Thursday, October 19th.
In other news, Director Mark J. Midle sold 15,000,000 shares of Limelight Networks stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total transaction of $65,250,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 37.60% of the company’s stock.
Limelight Networks (NASDAQ LLNW) traded down $0.17 during trading hours on Monday, reaching $4.23. 1,398,500 shares of the company’s stock were exchanged, compared to its average volume of 714,767. Limelight Networks has a fifty-two week low of $2.02 and a fifty-two week high of $6.05. The company has a market cap of $464.08, a P/E ratio of -42.30, a PEG ratio of 634.50 and a beta of 2.54.
Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Wednesday, October 18th. The information services provider reported $0.02 EPS for the quarter. Limelight Networks had a negative net margin of 5.91% and a negative return on equity of 3.29%. The business had revenue of $46.07 million during the quarter, compared to the consensus estimate of $43.09 million. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. equities research analysts expect that Limelight Networks will post -0.04 EPS for the current year.
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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.
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