Limelight Networks, Inc. (LLNW) Expected to Post Earnings of $0.03 Per Share

Equities analysts predict that Limelight Networks, Inc. (NASDAQ:LLNW) will report $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Limelight Networks’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.04. Limelight Networks reported earnings per share of $0.04 during the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The business is scheduled to announce its next earnings results on Wednesday, February 6th.

On average, analysts expect that Limelight Networks will report full-year earnings of $0.15 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.16 to $0.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Limelight Networks.

Limelight Networks (NASDAQ:LLNW) last posted its earnings results on Thursday, October 18th. The information services provider reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Limelight Networks had a net margin of 7.07% and a return on equity of 2.32%. The firm had revenue of $49.32 million for the quarter, compared to analysts’ expectations of $49.01 million. During the same quarter last year, the firm earned $0.02 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year.

Several equities research analysts have recently issued reports on LLNW shares. ValuEngine lowered shares of Limelight Networks from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet lowered shares of Limelight Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. BidaskClub upgraded shares of Limelight Networks from a “strong sell” rating to a “sell” rating in a research note on Friday, August 24th. DA Davidson set a $7.00 price target on shares of Limelight Networks and gave the stock a “buy” rating in a research note on Monday, October 8th. Finally, Cowen restated a “buy” rating and set a $6.50 price target on shares of Limelight Networks in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.21.

In other news, insider Kurt Silverman sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $5.00, for a total transaction of $37,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert A. Lento sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $4.94, for a total transaction of $197,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,800 shares of company stock valued at $697,505. 10.60% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in Limelight Networks by 26.7% in the 1st quarter. Wells Fargo & Company MN now owns 133,601 shares of the information services provider’s stock valued at $549,000 after buying an additional 28,170 shares in the last quarter. Northern Trust Corp grew its stake in Limelight Networks by 24.5% in the 1st quarter. Northern Trust Corp now owns 1,039,785 shares of the information services provider’s stock valued at $4,274,000 after buying an additional 204,687 shares in the last quarter. BlackRock Inc. grew its stake in Limelight Networks by 1.7% in the 1st quarter. BlackRock Inc. now owns 7,051,038 shares of the information services provider’s stock valued at $28,980,000 after buying an additional 116,844 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Limelight Networks by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,827,837 shares of the information services provider’s stock valued at $15,732,000 after buying an additional 130,168 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Limelight Networks by 18.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 71,533 shares of the information services provider’s stock valued at $294,000 after buying an additional 11,383 shares in the last quarter. Institutional investors own 73.51% of the company’s stock.

Limelight Networks stock opened at $3.70 on Wednesday. Limelight Networks has a 52 week low of $3.68 and a 52 week high of $6.05. The company has a market cap of $436.96 million, a price-to-earnings ratio of -185.00, a PEG ratio of 8.58 and a beta of 2.47.

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, 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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Earnings History and Estimates for Limelight Networks (NASDAQ:LLNW)

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