Limelight Networks, Inc. (NASDAQ:LLNW) – Investment analysts at B. Riley issued their Q1 2020 earnings estimates for Limelight Networks in a report issued on Monday, December 9th, Zacks Investment Research reports. B. Riley analyst L. Krowl expects that the information services provider will post earnings of ($0.03) per share for the quarter. B. Riley currently has a “Buy” rating and a $4.10 price target on the stock. B. Riley also issued estimates for Limelight Networks’ Q4 2020 earnings at $0.03 EPS.
LLNW has been the subject of a number of other research reports. BidaskClub cut Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. DA Davidson boosted their price objective on Limelight Networks to $4.10 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. ValuEngine cut Limelight Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Zacks Investment Research cut Limelight Networks from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.10.
Shares of NASDAQ:LLNW traded up $0.02 during trading on Tuesday, reaching $4.08. 433,338 shares of the stock were exchanged, compared to its average volume of 859,182. Limelight Networks has a 12 month low of $2.20 and a 12 month high of $4.72. The firm has a market cap of $475.40 million, a PE ratio of -204.00 and a beta of 2.18. The stock has a 50-day moving average price of $4.14 and a 200-day moving average price of $3.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.08.
Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, October 16th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Limelight Networks had a negative return on equity of 14.82% and a negative net margin of 12.84%. The company 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 company posted $0.03 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.
Hedge funds have recently modified their holdings of the stock. Cibc Bank USA bought a new stake in shares of Limelight Networks in the second quarter valued at approximately $54,000. Squarepoint Ops LLC acquired a new position in Limelight Networks during the third quarter valued at approximately $56,000. Traynor Capital Management Inc. acquired a new position in Limelight Networks during the third quarter valued at approximately $60,000. Jane Street Group LLC acquired a new position in Limelight Networks during the second quarter valued at approximately $61,000. Finally, GSA Capital Partners LLP acquired a new position in Limelight Networks during the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 77.14% of the company’s stock.
Limelight Networks Company Profile
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.
