Limelight Networks, Inc. (NASDAQ:LLNW) – Stock analysts at B. Riley issued their Q2 2020 EPS estimates for shares of Limelight Networks in a research note issued to investors on Monday, December 9th. B. Riley analyst L. Krowl forecasts that the information services provider will post earnings per share of ($0.02) for the quarter. B. Riley currently has a “Buy” rating and a $4.10 target price on the stock. B. Riley also issued estimates for Limelight Networks’ Q3 2020 earnings at ($0.02) EPS and FY2021 earnings at ($0.01) EPS.
Several other equities research analysts have also recently issued reports on LLNW. BidaskClub upgraded shares of Limelight Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson lifted their price objective on shares of Limelight Networks to $4.10 and gave the company a “neutral” rating in a research report on Wednesday. ValuEngine cut shares of Limelight Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research upgraded shares of Limelight Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Limelight Networks has an average rating of “Buy” and a consensus price target of $4.10.
Limelight Networks stock opened at $3.91 on Wednesday. The stock has a market cap of $459.09 million, a P/E ratio of -195.50 and a beta of 2.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.74 and a quick ratio of 1.74. Limelight Networks has a 1 year low of $2.20 and a 1 year high of $4.72. The firm’s 50 day moving average price is $4.24 and its 200-day moving average price is $3.15.
Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Wednesday, October 16th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $51.32 million for the quarter, compared to analysts’ expectations of $49.89 million. Limelight Networks had a negative net margin of 12.84% and a negative return on equity of 14.82%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share.
Several institutional investors have recently added to or reduced their stakes in LLNW. Cibc Bank USA bought a new stake in shares of Limelight Networks during the second quarter valued at approximately $54,000. Squarepoint Ops LLC bought a new stake in shares of Limelight Networks during the third quarter valued at approximately $56,000. Traynor Capital Management Inc. bought a new stake in shares of Limelight Networks during the third quarter valued at approximately $60,000. Jane Street Group LLC bought a new stake in shares of Limelight Networks during the second quarter valued at approximately $61,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Limelight Networks during the second quarter valued at approximately $73,000. Hedge funds and other institutional investors 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.
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