Q3 2018 EPS Estimates for Limelight Networks, Inc. Increased by Analyst (LLNW)

Limelight Networks, Inc. (NASDAQ:LLNW) – Equities researchers at DA Davidson upped their Q3 2018 earnings per share (EPS) estimates for Limelight Networks in a note issued to investors on Thursday. DA Davidson analyst M. Kelleher now forecasts that the information services provider will post earnings of $0.00 per share for the quarter, up from their previous estimate of ($0.01). DA Davidson has a “Buy” rating and a $5.50 price target on the stock.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Wednesday, February 7th. The information services provider reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $48.19 million during the quarter, compared to analysts’ expectations of $47.74 million. Limelight Networks had a negative net margin of 4.14% and a negative return on equity of 1.51%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS.

Several other equities analysts have also recently weighed in on LLNW. B. Riley raised their price target on shares of Limelight Networks from $5.30 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Cowen reissued an “outperform” rating and issued a $6.00 price objective (up previously from $4.00) on shares of Limelight Networks in a report on Thursday, October 19th. Zacks Investment Research raised Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Friday, October 20th. Finally, BidaskClub downgraded Limelight Networks from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $5.63.

Limelight Networks (LLNW) opened at $4.06 on Monday. The firm has a market cap of $445.43, a P/E ratio of -58.00, a PEG ratio of 609.01 and a beta of 2.45. Limelight Networks has a 52 week low of $2.10 and a 52 week high of $6.05.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LLNW. B. Riley Financial Inc. acquired a new stake in shares of Limelight Networks in the 4th quarter valued at approximately $8,314,000. Hood River Capital Management LLC lifted its holdings in Limelight Networks by 102.6% during the 4th quarter. Hood River Capital Management LLC now owns 3,461,955 shares of the information services provider’s stock valued at $15,267,000 after purchasing an additional 1,753,125 shares during the last quarter. Northpointe Capital LLC acquired a new stake in Limelight Networks during the 4th quarter valued at $2,788,000. Arrowstreet Capital Limited Partnership lifted its holdings in Limelight Networks by 73.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 957,177 shares of the information services provider’s stock valued at $4,221,000 after purchasing an additional 404,942 shares during the last quarter. Finally, EAM Investors LLC lifted its holdings in Limelight Networks by 64.8% during the 3rd quarter. EAM Investors LLC now owns 714,391 shares of the information services provider’s stock valued at $2,836,000 after purchasing an additional 281,022 shares during the last quarter. 70.27% of the stock is owned by institutional investors.

In other news, Director Mark J. Midle sold 15,000,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $4.35, for a total value of $65,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 37.60% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Q3 2018 EPS Estimates for Limelight Networks, Inc. Increased by Analyst (LLNW)” was reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/12/q3-2018-eps-estimates-for-limelight-networks-inc-increased-by-analyst-llnw.html.

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)

Receive News & Ratings for Limelight Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply