According to Zacks, “LIMELIGHT NETWORKS, INC. is a content delivery partner enabling the next wave of Internet business and entertainment. More than 1300 Internet, entertainment, software, and technology brands trust their robust, scalable platform to monetize their digital assets by delivering a brilliant online experience to their global audience. LimeLight’s architecture bypasses the busy public Internet using a dedicated optical network that interconnects thousands of servers and delivers massive files at the speed of light — directly to the access networks that consumers use every day. LimeLight’s proven network and passion for service assures their customers that every object in their library will be instantly delivered to every user, every time. “
A number of other research firms have also recently issued reports on LLNW. B. Riley restated a buy rating and issued a $3.70 price objective on shares of Limelight Networks in a research report on Thursday, December 22nd. FBR & Co restated a hold rating and issued a $2.50 price objective on shares of Limelight Networks in a research report on Thursday, February 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $2.89.
Limelight Networks (NASDAQ:LLNW) opened at 2.41 on Tuesday. Limelight Networks has a 52-week low of $1.12 and a 52-week high of $2.90. The stock’s 50 day moving average is $2.32 and its 200-day moving average is $2.04. The company’s market cap is $258.01 million.
Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Limelight Networks had a negative net margin of 42.13% and a negative return on equity of 7.97%. The firm had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $43.66 million. The company’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Limelight Networks will post $0.04 EPS for the current fiscal year.
This story was originally posted by BBNS and is the sole property of of BBNS. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be viewed at https://baseballnewssource.com/markets/limelight-networks-inc-llnw-upgraded-at-zacks-investment-research/441039.html.
Several large investors have recently made changes to their positions in the stock. Cortina Asset Management LLC raised its stake in shares of Limelight Networks by 78.3% in the fourth quarter. Cortina Asset Management LLC now owns 2,840,308 shares of the company’s stock worth $7,158,000 after buying an additional 1,247,346 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Limelight Networks by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,609,427 shares of the company’s stock worth $9,096,000 after buying an additional 50,127 shares during the last quarter. State Street Corp raised its stake in shares of Limelight Networks by 4.6% in the fourth quarter. State Street Corp now owns 1,125,653 shares of the company’s stock worth $2,838,000 after buying an additional 49,423 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Limelight Networks during the fourth quarter worth $173,000. Finally, National Asset Management Inc. bought a new stake in shares of Limelight Networks during the third quarter worth $129,000. 67.21% of the stock is currently owned by hedge funds and other institutional investors.
Limelight Networks Company Profile
Limelight Networks, Inc provides content delivery network services to deliver content over Internet. The Company operates a globally distributed, computing platform and provides services under the Orchestrate Platform, which include content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Limelight Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limelight Networks Inc. and related companies with our FREE daily email newsletter.