Limelight Networks, Inc. (NASDAQ:LLNW) has received an average rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.00.
Several analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of Limelight Networks in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Friday, October 20th. BidaskClub downgraded shares of Limelight Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Cowen reiterated an “outperform” rating and issued a $6.00 price objective (up from $4.00) on shares of Limelight Networks in a research report on Thursday, October 19th. Finally, DA Davidson set a $5.50 price objective on shares of Limelight Networks and gave the company a “buy” rating in a research report on Monday, October 16th.
In other Limelight Networks news, Director Mark J. Midle sold 15,000,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $4.35, for a total transaction of $65,250,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 37.60% of the stock is currently owned by insiders.
Limelight Networks (NASDAQ:LLNW) traded down $0.17 during midday trading on Friday, hitting $4.01. 1,340,418 shares of the stock traded hands, compared to its average volume of 662,254. The firm has a market cap of $475.93, a price-to-earnings ratio of -57.56, a PEG ratio of 648.00 and a beta of 2.45. Limelight Networks has a 1-year low of $2.10 and a 1-year high of $6.05.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The firm had revenue of $48.19 million for the quarter, compared to the consensus estimate of $47.74 million. Limelight Networks had a negative net margin of 4.14% and a negative return on equity of 1.51%. Limelight Networks’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS.
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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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