Brokerages expect that Limelight Networks, Inc. (NASDAQ:LLNW) will announce earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Three analysts have made estimates for Limelight Networks’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.03. The business is scheduled to report its next quarterly earnings report on Wednesday, January 29th.
According to Zacks, analysts expect that Limelight Networks will report full-year earnings of ($0.02) per share for the current financial year, with EPS estimates ranging from ($0.04) to ($0.01). For the next fiscal year, analysts anticipate that the firm will report earnings of $0.08 per share, with EPS estimates ranging from $0.04 to $0.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Limelight Networks.
Limelight Networks (NASDAQ:LLNW) last issued its earnings results on Wednesday, October 16th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. Limelight Networks had a negative return on equity of 14.82% and a negative net margin of 12.84%. The business had revenue of $51.32 million during the quarter, compared to analysts’ expectations of $49.89 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Limelight Networks from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 24th. Zacks Investment Research upgraded Limelight Networks from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. B. Riley boosted their target price on Limelight Networks from $3.70 to $4.10 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, ValuEngine upgraded Limelight Networks from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Limelight Networks has an average rating of “Buy” and a consensus price target of $3.40.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cibc Bank USA purchased a new position in Limelight Networks in the 2nd quarter worth approximately $54,000. Traynor Capital Management Inc. acquired a new position in shares of Limelight Networks in the 3rd quarter valued at approximately $60,000. Jane Street Group LLC acquired a new position in shares of Limelight Networks in the 2nd quarter valued at approximately $61,000. GSA Capital Partners LLP acquired a new position in shares of Limelight Networks in the 2nd quarter valued at approximately $73,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Limelight Networks in the 3rd quarter valued at approximately $121,000. Hedge funds and other institutional investors own 75.59% of the company’s stock.
Shares of NASDAQ:LLNW traded down $0.07 during trading on Friday, reaching $4.25. 749,873 shares of the stock were exchanged, compared to its average volume of 925,930. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.74 and a current ratio of 1.74. Limelight Networks has a 12-month low of $2.20 and a 12-month high of $4.52. The firm has a market cap of $491.73 million, a price-to-earnings ratio of -212.50 and a beta of 2.22. The firm’s 50-day moving average price is $3.54 and its 200 day moving average price is $2.94.
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, social, and other digital initiatives.
Further Reading: Capital Gains Distribution
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.