Limelight Networks, Inc. (NASDAQ:LLNW) – Stock analysts at Oppenheimer issued their Q2 2019 earnings per share (EPS) estimates for shares of Limelight Networks in a note issued to investors on Monday, February 11th. Oppenheimer analyst T. Horan forecasts that the information services provider will post earnings per share of ($0.01) for the quarter. Oppenheimer also issued estimates for Limelight Networks’ Q4 2019 earnings at $0.04 EPS and FY2019 earnings at $0.02 EPS.
Limelight Networks (NASDAQ:LLNW) last issued its earnings results on Wednesday, January 30th. The information services provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Limelight Networks had a net margin of 5.03% and a negative return on equity of 1.34%. The firm had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $43.73 million. During the same quarter last year, the firm earned $0.04 EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year.
A number of other brokerages also recently commented on LLNW. TheStreet downgraded Limelight Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. BidaskClub downgraded Limelight Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. ValuEngine downgraded Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, Raymond James upgraded Limelight Networks from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Limelight Networks has an average rating of “Hold” and a consensus price target of $6.25.
Shares of NASDAQ LLNW opened at $3.04 on Tuesday. Limelight Networks has a one year low of $2.21 and a one year high of $5.52. The stock has a market capitalization of $343.88 million, a price-to-earnings ratio of -152.00, a PEG ratio of 20.07 and a beta of 2.75.
Several large investors have recently made changes to their positions in LLNW. Russell Investments Group Ltd. lifted its position in shares of Limelight Networks by 2,445.8% in the third quarter. Russell Investments Group Ltd. now owns 1,489,450 shares of the information services provider’s stock worth $7,482,000 after buying an additional 1,430,943 shares during the last quarter. Falcon Point Capital LLC acquired a new stake in shares of Limelight Networks in the third quarter worth about $6,939,000. Wasatch Advisors Inc. acquired a new stake in shares of Limelight Networks in the third quarter worth about $5,741,000. JPMorgan Chase & Co. lifted its position in shares of Limelight Networks by 42.6% in the third quarter. JPMorgan Chase & Co. now owns 2,787,660 shares of the information services provider’s stock worth $13,994,000 after buying an additional 832,689 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Limelight Networks by 329.5% in the third quarter. Marshall Wace LLP now owns 1,052,358 shares of the information services provider’s stock worth $5,283,000 after buying an additional 807,359 shares during the last quarter. 71.77% of the stock is owned by institutional investors.
About Limelight Networks
Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.
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