Equities Analysts Offer Predictions for Limelight Networks, Inc.’s Q2 2021 Earnings (NASDAQ:LLNW)


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Limelight Networks, Inc. (NASDAQ:LLNW) – Stock analysts at DA Davidson issued their Q2 2021 earnings per share estimates for Limelight Networks in a research report issued to clients and investors on Friday, April 30th. DA Davidson analyst R. Jaluria anticipates that the information services provider will earn ($0.06) per share for the quarter. DA Davidson has a “Underperform” rating and a $2.75 price target on the stock.

A number of other brokerages also recently issued reports on LLNW. Lake Street Capital dropped their price target on Limelight Networks from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, February 12th. Cowen lowered Limelight Networks from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $9.00 to $4.75 in a research report on Tuesday, February 2nd. Truist lowered Limelight Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 12th. TheStreet downgraded Limelight Networks from a “c-” rating to a “d+” rating in a report on Friday, February 26th. Finally, B. Riley reissued a “neutral” rating and issued a $5.00 target price on shares of Limelight Networks in a report on Friday, January 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Limelight Networks presently has a consensus rating of “Hold” and a consensus price target of $6.32.

Shares of LLNW opened at $3.15 on Monday. The company has a market cap of $394.53 million, a PE ratio of -52.50 and a beta of 0.72. The company has a current ratio of 5.34, a quick ratio of 5.34 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $3.55 and a 200-day moving average price of $3.98. Limelight Networks has a 12-month low of $2.76 and a 12-month high of $8.19.

Limelight Networks (NASDAQ:LLNW) last issued its earnings results on Thursday, April 29th. The information services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Limelight Networks had a negative return on equity of 4.51% and a negative net margin of 3.62%.

A number of institutional investors and hedge funds have recently modified their holdings of LLNW. Global Retirement Partners LLC increased its position in Limelight Networks by 133.6% in the first quarter. Global Retirement Partners LLC now owns 8,175 shares of the information services provider’s stock worth $29,000 after buying an additional 4,675 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Limelight Networks in the fourth quarter worth about $34,000. Cardan Capital Partners LLC purchased a new stake in Limelight Networks in the first quarter worth about $36,000. Teacher Retirement System of Texas purchased a new stake in Limelight Networks in the fourth quarter worth about $44,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Limelight Networks in the fourth quarter worth about $63,000. Institutional investors and hedge funds own 78.19% of the company’s stock.

Limelight Networks Company Profile

Limelight Networks, Inc provides content delivery and related services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private networks that deliver Websites, mobile applications, videos, music, software, games, and APIs; offers live and on-demand video delivery services; and provides online video platforms that help organizations manage, publish, syndicate, analyze, and monetize video contents.

Further Reading: Depreciation

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